2022
Exports
$2.38MWorld Rnk 83 / 216
Flag Rnk 282 / 1074
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$46.9MWorld Rnk 73 / 226
Flag Rnk 81 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $2.38M in Electric Motors, making it the 83rd largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 282nd most exported product in Sri Lanka. The main destination of Electric Motors exports from Sri Lanka are: Switzerland ($1.15M), United States ($740k), China ($126k), United Kingdom ($53.3k), and France ($53.2k).

The fastest growing export markets for Electric Motors of Sri Lanka between 2021 and 2022 were Switzerland ($998k), United States ($319k), and France ($53.2k).

Imports In 2022, Sri Lanka imported $46.9M in Electric Motors, becoming the 73rd largest importer of Electric Motors in the world. At the same year, Electric Motors was the 81st most imported product in Sri Lanka. Sri Lanka imports Electric Motors primarily from: China ($21.4M), United States ($12.8M), Vietnam ($2.9M), Singapore ($1.53M), and India ($1.51M).

The fastest growing import markets in Electric Motors for Sri Lanka between 2021 and 2022 were United States ($9.95M), Vietnam ($1.55M), and Japan ($983k).

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 Electric Motors. 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)$2.38M
IMPORTS (2022)$46.9M
NET TRADE (2022)-$44.5M

In 2022, Sri Lanka exported $2.38M in Electric Motors. The main destinations of Sri Lanka exports on Electric Motors were Switzerland ($1.15M), United States ($740k), China ($126k), United Kingdom ($53.3k), and France ($53.2k).

In 2022, Sri Lanka imported $46.9M in Electric Motors, mainly from China ($21.4M), United States ($12.8M), Vietnam ($2.9M), Singapore ($1.53M), and India ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Switzerland$998k (638%)
United States$319k (75.5%)
France$53.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Sri Lanka WERE (2021 - 2022):
Maldives-$1.16M (-96%)
United Arab Emirates-$227k (-94.9%)
Pakistan-$103k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Sri Lanka's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.19M
TOP IMPORT POTENTIALChina+ $7.11M

Electric Motors’s highest export potential is United States. With an export gap of $1.19M.   Electric Motors’s highest import potential is China with an import gap of $7.11M.

See methodology.

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