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2022
Exports $10.6kWorld Rnk 85 / 126
Flag Rnk 874 / 1074
2022
Destination $1.14k China
2021 - 2022
FASTEST GROWING MARKET $1.14kSeychelles
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire1.38Rnk 74 / 1025
2022
Imports $1.31MWorld Rnk 74 / 202
Flag Rnk 640 / 1171
2022
Origin $306k India
2021 - 2022
FASTEST GROWING ORIGIN $306kIndia
2022
ECONOMIC COMPLEXITY of Sri Lanka-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $10.6k in Stainless Steel Wire, making it the 85th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 874th most exported product in Sri Lanka. The main destination of Stainless Steel Wire exports from Sri Lanka are: China ($6.27k), Indonesia ($1.84k), Seychelles ($1.14k), Maldives ($946), and Thailand ($350).

The fastest growing export markets for Stainless Steel Wire of Sri Lanka between 2021 and 2022 were Seychelles ($1.14k), Maldives ($606), and Thailand ($350).

Imports In 2022, Sri Lanka imported $1.31M in Stainless Steel Wire, becoming the 74th largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 640th most imported product in Sri Lanka. Sri Lanka imports Stainless Steel Wire primarily from: India ($743k), China ($342k), Germany ($160k), Japan ($19.7k), and Chinese Taipei ($15.8k).

The fastest growing import markets in Stainless Steel Wire for Sri Lanka between 2021 and 2022 were India ($306k), Germany ($129k), and Hong Kong ($12.9k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Stainless Steel Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.6k
IMPORTS (2022)$1.31M
NET TRADE (2022)-$1.3M

In 2022, Sri Lanka exported $10.6k in Stainless Steel Wire. The main destinations of Sri Lanka exports on Stainless Steel Wire were China ($6.27k), Indonesia ($1.84k), Seychelles ($1.14k), Maldives ($946), and Thailand ($350).

In 2022, Sri Lanka imported $1.31M in Stainless Steel Wire, mainly from India ($743k), China ($342k), Germany ($160k), Japan ($19.7k), and Chinese Taipei ($15.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Seychelles$1.14k (1%)
Maldives$606 (178%)
Thailand$350 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY Sri Lanka WERE (2021 - 2022):
Indonesia-$47.8k (-96.3%)
Oman-$9.99k (-100%)
China-$5.55k (-46.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Stainless Steel Wire were:
India $526M
China $429M
South Korea $291M
In 2022, Sri Lanka's main importing competitors in Stainless Steel Wire were:
Germany $435M
United States $345M
Italy $226M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndonesia+ $17.5k
TOP IMPORT POTENTIALIndia+ $414k

Stainless Steel Wire’s highest export potential is Indonesia. With an export gap of $17.5k.   Stainless Steel Wire’s highest import potential is India with an import gap of $414k.

See methodology.

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