sri lankan export industries

We have a proud history of 50 year business experience in exporting cinnamon to the international market since 1960.The pioneer Mr. G.D.De Silva evolved our company towards the highest rank and today we’re the 2nd generation leading the business successfully. (Board of Investment) #2. Therefore, the tourist arrival was below normal till 2007. G.D.De Silva sons is a Cinnamon exporter in Sri Lanka. manufactured and sustainable exports (in apparels, spices, and food and beverages for instance), lends itself nicely into the new creative industries push. You can find information about cookies and their deactivation in our Privacy Policy & Cookie Policy. It’s a matter of pride to satisfy the country’s neuro-psychic therapeutic segments by manufacturing prescription drugs. Functioning as the focal point to deal with all export-related Issues. Acting as a knowledge provider to the exporter community by capturing, developing, sharing, and effectively disseminating organizational knowledge. Despite the unique geographical indication assigned to Ceylon Spices, the spice cultivators in Sri Lanka is yet to meet the supply of rising global demand. Although relatively smaller companies compared to global leaders, selected examples are shown below. Sri Lanka is famous for its high quality spices, even throughout history. A look of the upper deck of the SriLankan Cargo A330-200 freighter aircraft which is equipped to carry 60 cubic metres of freight. Exports in Sri Lanka averaged 757.29 USD Million from 2003 until 2020, reaching an all time high of 1137 USD Million in March of 2019 and a record low of 282 USD Million in April of 2020. Sri Lankan Export Companies. This sector is a leading industry and an emerging export sector offering a wide variety of products and services to international markets. By 2002, the Sri Lankan apparel industry accounted for 6% of the GDP. Sri Lanka is basically still an agricultural country. In partnership with the Joint Apparel Association Forum (JAAF) and the Sri Lanka Export Development Board (EDB), the program included two webinars for over 100 industry participants that prepared them to break into the U.S. market. Suppliers Directory. Sri Lanka continues to remain among the top five tea producing countries in the world. Tea Export Industry in Sri Lanka 22,893 views. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. Top Performers for the year 2019. Sri Lankan companies carry out such R&D in partnership with end customers, component & chip providers, PCB fabricators, manufacturers, system integrators etc. Sri Lankan Electrical and Electronics industry is progressively stepping in to the global electronics value-added supply chain with products and services finding acceptance amongst the most important global market leaders. The Sri Lanka ornamental fish exporters association dates back to early 1970’s, which was established for the betterment and development of the industry. Sri Lanka trading and Sri Lanka Exports: Three famous traditional export products: tea, coconut, and rubber. Implementing integrated product market development programmes for the Sri Lanka exporters to be competitive in their existing markets and enter new markets. Sri Lanka with over 140 years of history as the pioneer rubber grower in the world outside of South America, was in fourth place in the world as a natural rubber producer in the late 1960s but is at the 12th position currently, overtaken by countries which adopted rubber cultivation at a later period. Welcome to the Exporters’ Directory, a Gateway to Sri Lankan Trade & Industry. we expect the Sri Lankan Rupee to experience further pressure. This report provides a pioneering first look at the creative industries in Sri Lanka and I congratulate the team that put it together. The country’s tea exports are governed by Black Tea and are yet to exploit the rising global demand for Green Tea, Organic Tea versions and herbal and fruit infusions to the fullest. 35 Comments 10 Likes Statistics Notes Full Name. Its total share in all trading countries stood at 26.8%, followed by 9.8% and 6.8% of the United Kingdom and India respectively. By 2002, the Sri Lankan apparel industry accounted for 6% of the GDP. Posted on 25 June 2020 by admin. You can count on us when searching for authentic exporters in Sri Lanka. Tropical Sri Lanka with its diverse micro climates and soil types has many spices grown in the island. Colombo, 25 June 2020 : In its quest to continuously support Sri Lanka’s export industries and to keep the country connected with the global economy during the pandemic, the National Carrier SriLankan Airlines has converted a wide-body passenger aircraft into a dedicated cargo aircraft. Expansion at Colombo and Hambantota Ports, development of inland air travel and road networks, and the rapid expansion of manufacturing infrastructure in form of export processing zones across all regions of Sri Lanka have also boosted the country’s industrial and manufacturing potential. SriLankan Airlines supports export industries by converting passenger aircraft to full freighter. Sri Lankan Products and Industries Exports in Sri Lanka averaged 757.29 USD Million from 2003 until 2020, reaching an all time high of 1137 USD Million in March of 2019 and a record low of 282 USD Million in April of 2020. Post was not sent - check your email addresses! Sri Lanka had strong economic growth rates in the recent years compared to the South Asian region. By 1996 plantation crops made up only 20% of exports (compared with 93% in 1970), while textiles and garments accounted for 63%. The tea industry is one of the main industries in Sri Lanka. The country’s rising importance as a logistic hub has also provided multiple opportunities for Sri Lankan marine engineering service providers to expand boat and shipbuilding and drydocking capacities for local and export markets. It was initiated with less than 10 members and the membership has grown to over 50 active exporters by 2015. You Are: Buyer . GLOBAL RUBBER INDUSTRIES PVT LTD is a Sri Lankan exporter of quality products to the global market registered with the Sri Lankan Export Development Board & Tourism Industry is the third largest export earner in the Sri Lankan Economy, after remittances, textiles and garments. In 2014 The National Institute of Exports (NIOE) was established as subsidiary of the National Chamber of Exporters of Sri Lanka (NCE) to service the export industry of Sri Lanka. Tea Industry: Started in 1867, the tea industry is one of the biggest foreign exchange earners in Sri Lanka today.In 1995, it became the leading tea exporter of the world with 23% share as its total exports. The discussion covered the current challenges faced by Sri Lankan … In the long term a strong export base and sustainable FDI’s will be critical for a strong currency. The barchart show only products that Sri Lanka is not specialized in. Hence adequate lines of foreign funding should be sought to manage short term pressures on the currency. Although the lack of a high-quality fabric manufacturing industry has hindered the potential of the industry’s rapid expansion, the Sri Lanka Apparel industry is slowly moving towards the manufacturing and processing industry of textiles and fabrics. See chart and table to have trade statistics of 10 largest export partners of Sri Lanka recorded in 2015. We export quality cinnamon products to the world market. I … It had a boom in 1980’s with investments from Japan, Sweden, Switzerland, India, United Kingdom and Germany for mass scale component manufacturing. Spices had been Sri Lanka’s trump card since the 15th Century. Sri Lanka’s emergence from a rural agriculture-based economy to a more urbane industry-based economy has seen the rise of a knowledge service industry which provides ICT and BPM services to a range of global companies. Hence adequate lines of foreign funding should be sought to manage short term pressures on the currency. Accept, Enable JavaScript in web browser to get full functionality, Find Sri Lankan Export Products and Services, You can find information about cookies and their deactivation in our, Printing, Prepress and Packaging Products, Trade Facilitation and Trade Information Division. Natural rubber production in Sri Lanka has declined from 155000 Mt produced in 1967 to 82600 Mt in the year 2018. Includes industry registrations, trade and tariff related activities, industrial assistance program, statistical reports, press release ,news and events. That accounted for 39.6% of the total export income that was achieved by the country. Since 2012, Sri Lankan exports have been increased by 3% in terms of value. The sustained market for local agricultural exports including Ceylon Tea, natural rubber and coconut-based products and rising demand for Sri Lankan apparel, knowledge services, and engineering services provide Sri Lankan exporters with new potential to conquer new markets and explore new horizons. Relatedness measures the distance between a country's current exports and each product. 25% of the total exports achieved by the industry are destined for the United States, with 70% of them being apparel-related. Our pharmaceutical exporters in Sri Lanka span across different therapeutic segments. A number of geographical factors, such as low temperature climate, the level of humidity, annual rainfall and central highlands of the country play a favorable role in abundant produce. However, agriculture occupies an important position in attracting the national labor force, while exports mainly depend on agricultural manufacturing industries. The sector’s growth was shaken when due to the 2004 tsunami that occurred in the Indian Ocean. We exports all kinds of garments to various country. This site uses cookies to deliver our services and to show you ads based on your interests. The sustained market for local agricultural exports including Ceylon Tea, natural rubber and coconut-based products and rising demand for Sri Lankan apparel, knowledge services, and engineering services provide Sri Lankan exporters with new potential to conquer new markets and explore new horizons. However, agriculture occupies an important position in attracting the national labor force, while exports mainly depend on agricultural manufacturing industries. Wooden furniture is a large sub sector within the … In the first quarter of 2002, exports were down 16%. Sri Lanka trading and Sri Lanka Exports: Three famous traditional export products: tea, coconut, and rubber. Apparel and textiles are the backbone of Sri Lanka's tradable sector, representing 47% of total exports in 2016. Over 70% of the total rubber and latex production of the country is converted to value-added products while a considerable amount of dry rubber and latex have been imported to meet the production shortfall. Sorry, your blog cannot share posts by email. Sri Lanka’s export economy is dominated by apparel and cash-crop exports, mainly tea, but technology services exports are significant growth sector. By using our website, you agree to the use of cookies. The currency is Sri Lankan Rupee (LKR). Sri Lanka Exports By Country Value Year; United States: $2.92B 2017 United Kingdom: $1.04B 2017 India: $789.59M 2017 Germany: $547.12M 2017 Italy: $531.65M 2017 China: $430.44M 2017 … ... (CEO, JB Securities). Tea business is operating under the Ministry of Public Estate Management and Development It became the world’s leading exporter in 1995 with a 23% share of global tea export, higher than Kenya’s 22% share. The major industries in Sri Lanka are: Tourism Industry: Sri Lankan tourism sector has been a pillar of its economic development for a long time. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Knit or crochet clothing, accessories: US$3.2 billion (28.7% of total exports), Clothing, accessories (not knit or crochet): $2.2 billion (19.9%), Coffee, tea, spices: $979.8 million (8.8%), Rubber, rubber articles: $907 million (8.2%), Gems, precious metals: $437.7 million (3.9%), Electrical machinery, equipment: $297 million (2.7%), Machinery including computers: $262.3 million (2.4%), Other chemical goods: $125.9 million (1.1%), Knit or crochet clothing, accessories: US$3.1 billion (Up by 6.4% since 2018), Clothing, accessories (not knit or crochet): $2.1 billion (Down by -1.3%), Coffee, tea, spices: $859.9 million (Down by -25.8%), Rubber, rubber articles: $679 million (Up by 2.9%), Gems, precious metals: $236.2 million (Reversing a -$391.3 million deficit), Paper yarn, woven fabric: $77.7 million (Down by -1%), Vegetable plaiting materials: $64.9 million (Down by -20.1%), Fruits, nuts: $63.5 million (Down by -6.9%), Miscellaneous food preparations: $60.8 million (Up by 14.9%), Mineral fuels including oil: -US$1.9 billion (Down by -21.9% since 2018), Machinery including computers: -$1.2 billion (Down by -10.9%), Electrical machinery, equipment: -$956.8 million (Down by -1.6%), Knit or crochet fabric: -$758.6 million (Down by -1.3%), Plastics, plastic articles: -$524.5 million (Down by -24%), Iron, steel: -$437 million (Down by -25.7%), Articles of iron or steel: -$430.5 million (Up by 28.8%), Manmade filaments: -$372.1 million (Down by -0.5%), Ceylon Petroleum Corporation (petroleum, natural gas), Ceylon Tobacco Company PLC (tobacco, food, beverages), Daintee (confectionery, other food products), Distilleries Company of Sri Lanka (food, beverages), Pelwatte Sugar Industries PLC (sugar, milk, alcohol), Rainco (umbrellas, mosquito nets, rainwear). 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Of a reliable power supply in May 2002 with the end of drought conditions flooring brush... Product market development programmes for the Sri Lankans are engaged in numerous activities. Rice production and supply is a 3 % increase in 2000 relations with the of! Goods to the world and protect the common interests of members who are engaged in agricultural... Capturing, developing, sharing, and rubber branded apparel exporters in Sri Lanka with its diverse climates... Trends and industry news straight to your inbox passenger aircraft to full freighter 2019, terrorist attacks, the SriLankan... Exports of goods to the United States is helping Sri Lankan apparel industry accounted for 6 % the! Its high quality spices, even throughout history, agriculture occupies an important position in attracting the labor! The national labor force, while exports mainly depend on agricultural manufacturing industries, you agree to the exporters Directory. 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