2023
Exports
$2.17MWorld Rnk 97 / 223
Flag Rnk 285 / 1073
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$40.9MWorld Rnk 101 / 226
Flag Rnk 77 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $2.17M in Valves, making it the 97th largest exporter of Valves in the world. At the same year, Valves was the 285th most exported product in Sri Lanka. The main destination of Valves exports from Sri Lanka are: Australia ($762k), Maldives ($368k), Oman ($222k), Singapore ($155k), and France ($138k).

The fastest growing export markets for Valves of Sri Lanka between 2022 and 2023 were Australia ($379k), Singapore ($138k), and France ($138k).

Imports In 2023, Sri Lanka imported $40.9M in Valves, becoming the 101st largest importer of Valves in the world. At the same year, Valves was the 77th most imported product in Sri Lanka. Sri Lanka imports Valves primarily from: China ($13.5M), India ($5.22M), Germany ($2.48M), United States ($2.42M), and Malaysia ($2.15M).

The fastest growing import markets in Valves for Sri Lanka between 2022 and 2023 were United States ($422k), Indonesia ($382k), and India ($334k).

Latest Trends

Jan 2025

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 Valves. 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)$2.17M
IMPORTS (2023)$40.9M
NET TRADE (2023)-$38.8M

In 2023, Sri Lanka exported $2.17M in Valves. The main destinations of Sri Lanka exports on Valves were Australia ($762k), Maldives ($368k), Oman ($222k), Singapore ($155k), and France ($138k).

In 2023, Sri Lanka imported $40.9M in Valves, mainly from China ($13.5M), India ($5.22M), Germany ($2.48M), United States ($2.42M), and Malaysia ($2.15M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Australia$379k (98.8%)
Singapore$138k (830%)
France$138k (41.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Sri Lanka WERE (2022 - 2023):
Thailand-$688k (-90.5%)
Sweden-$415k (-96.7%)
United Kingdom-$392k (-98.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $496k
TOP IMPORT POTENTIALChina+ $10.8M

Valves’s highest export potential is United States. With an export gap of $496k.   Valves’s highest import potential is China with an import gap of $10.8M.

See methodology.

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