2023
Exports
$7.51MWorld Rnk 62 / 207
Flag Rnk 167 / 1073
2023
PRODUCT COMPLEXITY IN Thermostats
1.17Rnk 113 / 1025
2023
Imports
$12.4MWorld Rnk 84 / 223
Flag Rnk 207 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $7.51M in Thermostats, making it the 62nd largest exporter of Thermostats in the world. At the same year, Thermostats was the 167th most exported product in Sri Lanka. The main destination of Thermostats exports from Sri Lanka are: Malaysia ($5.55M), China ($564k), Germany ($262k), Switzerland ($259k), and Oman ($240k).

The fastest growing export markets for Thermostats of Sri Lanka between 2022 and 2023 were Malaysia ($2.68M), China ($288k), and Oman ($238k).

Imports In 2023, Sri Lanka imported $12.4M in Thermostats, becoming the 84th largest importer of Thermostats in the world. At the same year, Thermostats was the 207th most imported product in Sri Lanka. Sri Lanka imports Thermostats primarily from: India ($2.74M), China ($2.28M), Germany ($1.09M), France ($889k), and United States ($875k).

The fastest growing import markets in Thermostats for Sri Lanka between 2022 and 2023 were India ($2.03M), Finland ($527k), and Chinese Taipei ($185k).

Latest Trends

Dec 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 (2023)$7.51M
IMPORTS (2023)$12.4M
NET TRADE (2023)-$4.91M

In 2023, Sri Lanka exported $7.51M in Thermostats. The main destinations of Sri Lanka exports on Thermostats were Malaysia ($5.55M), China ($564k), Germany ($262k), Switzerland ($259k), and Oman ($240k).

In 2023, Sri Lanka imported $12.4M in Thermostats, mainly from India ($2.74M), China ($2.28M), Germany ($1.09M), France ($889k), and United States ($875k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Malaysia$2.68M (93.7%)
China$288k (104%)
Oman$238k (12.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Sri Lanka WERE (2022 - 2023):
Hong Kong-$85.5k (-97.8%)
Marshall Islands-$73.2k (-100%)
Austria-$33.3k (-72.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Thermostats were:
In 2023, 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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