2022
Exports
$1.26MWorld Rnk 68 / 209
Flag Rnk 356 / 1074
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$8.05MWorld Rnk 107 / 223
Flag Rnk 280 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $1.26M in Padlocks, making it the 68th largest exporter of Padlocks in the world. At the same year, Padlocks was the 356th most exported product in Sri Lanka. The main destination of Padlocks exports from Sri Lanka are: Sweden ($452k), India ($261k), Bangladesh ($188k), Saudi Arabia ($82.3k), and United Arab Emirates ($68.8k).

The fastest growing export markets for Padlocks of Sri Lanka between 2021 and 2022 were Sweden ($374k), Bangladesh ($113k), and United Arab Emirates ($48.3k).

Imports In 2022, Sri Lanka imported $8.05M in Padlocks, becoming the 107th largest importer of Padlocks in the world. At the same year, Padlocks was the 280th most imported product in Sri Lanka. Sri Lanka imports Padlocks primarily from: China ($4.73M), India ($1.23M), Thailand ($602k), Malaysia ($350k), and Sweden ($237k).

The fastest growing import markets in Padlocks for Sri Lanka between 2021 and 2022 were Portugal ($149k), Malaysia ($84.3k), and South Korea ($58.7k).

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

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Padlocks. 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)$1.26M
IMPORTS (2022)$8.05M
NET TRADE (2022)-$6.79M

In 2022, Sri Lanka exported $1.26M in Padlocks. The main destinations of Sri Lanka exports on Padlocks were Sweden ($452k), India ($261k), Bangladesh ($188k), Saudi Arabia ($82.3k), and United Arab Emirates ($68.8k).

In 2022, Sri Lanka imported $8.05M in Padlocks, mainly from China ($4.73M), India ($1.23M), Thailand ($602k), Malaysia ($350k), and Sweden ($237k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Sweden$374k (482%)
Bangladesh$113k (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Sri Lanka WERE (2021 - 2022):
Saudi Arabia-$73.7k (-47.2%)
Maldives-$26.3k (-33.5%)
Netherlands-$20.2k (-99.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sri Lanka's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Sri Lanka's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $110k
TOP IMPORT POTENTIALChina+ $2.64M

Padlocks’s highest export potential is India. With an export gap of $110k.   Padlocks’s highest import potential is China with an import gap of $2.64M.

See methodology.

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