2022
Exports
$2.47MWorld Rnk 89 / 224
Flag Rnk 280 / 1074
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$40.6MWorld Rnk 104 / 224
Flag Rnk 94 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $2.47M in Valves, making it the 89th largest exporter of Valves in the world. At the same year, Valves was the 280th most exported product in Sri Lanka. The main destination of Valves exports from Sri Lanka are: Thailand ($610k), United Kingdom ($389k), Australia ($384k), Sweden ($224k), and Maldives ($204k).

The fastest growing export markets for Valves of Sri Lanka between 2021 and 2022 were Thailand ($516k), United Kingdom ($246k), and Sweden ($139k).

Imports In 2022, Sri Lanka imported $40.6M in Valves, becoming the 104th largest importer of Valves in the world. At the same year, Valves was the 94th most imported product in Sri Lanka. Sri Lanka imports Valves primarily from: China ($15M), India ($4.55M), Malaysia ($3.38M), Germany ($2.69M), and Thailand ($1.76M).

The fastest growing import markets in Valves for Sri Lanka between 2021 and 2022 were Netherlands ($727k), Israel ($314k), and Sweden ($158k).

COMPANIES In 2023, leading companies such as SIGMA Corp (2) were at the forefront of shipping Valves from Sri Lanka to the United States.

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 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 (2022)$2.47M
IMPORTS (2022)$40.6M
NET TRADE (2022)-$38.1M

In 2022, Sri Lanka exported $2.47M in Valves. The main destinations of Sri Lanka exports on Valves were Thailand ($610k), United Kingdom ($389k), Australia ($384k), Sweden ($224k), and Maldives ($204k).

In 2022, Sri Lanka imported $40.6M in Valves, mainly from China ($15M), India ($4.55M), Malaysia ($3.38M), Germany ($2.69M), and Thailand ($1.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Thailand$516k (548%)
United Kingdom$246k (172%)
Sweden$139k (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Sri Lanka WERE (2021 - 2022):
Uganda-$183k (-100%)
Japan-$59.4k (-64.8%)
Oman-$58.8k (-38.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Valves were:
In 2022, 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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