2022
Exports
$4.06MWorld Rnk 70 / 214
Flag Rnk 222 / 1074
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$9.72MWorld Rnk 87 / 223
Flag Rnk 253 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $4.06M in Thermostats, making it the 70th largest exporter of Thermostats in the world. At the same year, Thermostats was the 222nd most exported product in Sri Lanka. The main destination of Thermostats exports from Sri Lanka are: Malaysia ($2.88M), China ($249k), Germany ($228k), Switzerland ($224k), and Hong Kong ($87.4k).

The fastest growing export markets for Thermostats of Sri Lanka between 2021 and 2022 were Malaysia ($1.35M), Marshall Islands ($73.2k), and France ($57.3k).

Imports In 2022, Sri Lanka imported $9.72M in Thermostats, becoming the 87th largest importer of Thermostats in the world. At the same year, Thermostats was the 253rd most imported product in Sri Lanka. Sri Lanka imports Thermostats primarily from: China ($1.99M), United States ($1.44M), United Kingdom ($1.35M), India ($1.33M), and Switzerland ($585k).

The fastest growing import markets in Thermostats for Sri Lanka between 2021 and 2022 were United States ($768k), Switzerland ($559k), and India ($93.6k).

Latest Trends

Oct 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 Thermostats. 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)$4.06M
IMPORTS (2022)$9.72M
NET TRADE (2022)-$5.66M

In 2022, Sri Lanka exported $4.06M in Thermostats. The main destinations of Sri Lanka exports on Thermostats were Malaysia ($2.88M), China ($249k), Germany ($228k), Switzerland ($224k), and Hong Kong ($87.4k).

In 2022, Sri Lanka imported $9.72M in Thermostats, mainly from China ($1.99M), United States ($1.44M), United Kingdom ($1.35M), India ($1.33M), and Switzerland ($585k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Malaysia$1.35M (88.1%)
Marshall Islands$73.2k (1%)
France$57.3k (76.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Sri Lanka WERE (2021 - 2022):
China-$2.16M (-89.7%)
Germany-$668k (-74.5%)
Switzerland-$408k (-64.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Sri Lanka's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $688k
TOP IMPORT POTENTIALChina+ $1.55M

Thermostats’s highest export potential is China. With an export gap of $688k.   Thermostats’s highest import potential is China with an import gap of $1.55M.

See methodology.

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