The Sri Lanka ornamental fish exporters association dates back to early 1970’s, which was established for the betterment and development of the industry. SriLankan Airlines supports export industries by converting passenger aircraft to full freighter Published in: Education. G.D.De Silva sons is a Cinnamon exporter in Sri Lanka. Welcome to the Exporters’ Directory, a Gateway to Sri Lankan Trade & Industry. However, agriculture occupies an important position in attracting the national labor force, while exports mainly depend on agricultural manufacturing industries. If that industry is an export-oriented industry, like the Sri Lankan tea industry, the effect can be significant on the export competitiveness. Implementing integrated product market development programmes for the Sri Lanka exporters to be competitive in their existing markets and enter new markets. The export figures in December 2018 saw Sri Lanka’s ready-made garments industry for the first time crossing the $ 5 billion mark for the first time in history. Therefore, the tourist arrival was below normal till 2007. The privatization of the nationalized tea estates in the mid-90s and the rapid increase in the private tea factories in the same decade was the main reasons that encouraged the tea exporters to band themselves together under the banner of the T.E.A. Comment goes here. Among them, gem mining is the most important, producing high-value gemstones such as sapphire, ruby, and topaz, in addition to a variety of semiprecious stones, most of … By 2002, the Sri Lankan apparel industry accounted for 6% of the GDP. 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. Future of Sri Lankan exports. Directing and coordinating market development activities through the Sri Lankan trade representatives and other agents abroad to ensure greater global market access for exports. The UK is responsible for over 30% of the fashion exports shipped to the EU-28 from the Sri Lankan fashion industry, along with 10% of the total British exports. The main economic sectors of Sri Lanka are tourism industry, tea, apparel, textile, rice production and agricultural products. Impact of COVID-19 on Sri Lanka's export industry Advocata Institute. Over 31.8% of the Sri Lankans are engaged in numerous agricultural activities. Sri Lanka is basically still an agricultural country. You can count on us when searching for authentic exporters in Sri Lanka. A look of the upper deck of the SriLankan Cargo A330-200 freighter aircraft which is equipped to carry 60 cubic metres of freight. Promoting research and development and introducing high tech and value-added products to Sri Lankan export product basket. 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). By 2002, the Sri Lankan apparel industry accounted for 6% of the GDP. Current situation of the coconut industry in Sri Lanka. 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. In the global export front, the … Since 2012, Sri Lankan exports have been increased by 3% in terms of value. Natural rubber production in Sri Lanka has declined from 155000 Mt produced in 1967 to 82600 Mt in the year 2018. SriLankan Airlines supports export industries by converting passenger aircraft to full freighter. It had a boom in 1980’s with investments from Japan, Sweden, Switzerland, India, United Kingdom and Germany for mass scale component manufacturing. The discussion covered the current challenges faced by Sri Lankan … Lifeline from SriLankan for hard-hit export industries By Daily Post - May 05, 2020 SriLankan Airlines is launching dedicated cargo services to several destinations in Europe, Middle and Far East and the Indian Subcontinent in a bid to rescue the country’s COVID-19 hit export industries, the Airline said in a … We export quality cinnamon products to the world market. & Tourism Industry is the third largest export earner in the Sri Lankan Economy, after remittances, textiles and garments. Sri Lanka’s export economy is dominated by apparel and cash-crop exports, mainly tea, but technology services exports are significant growth sector. 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. 21 June 2017 09:47 am - 0 - {{hitsCtrl.values.hits}} A A A . 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. “To manage the Covid-19 situation, the export industries operating within the country have been advised to follow all[...] Sri Lankan companies carry out such R&D in partnership with end customers, component & chip providers, PCB fabricators, manufacturers, system integrators etc. At present Sri Lanka is experiencing an unprecedented growth in visitors, averaging more than 22% year on year (Ministry of Tourism Development and ... tourism industry in Sri Lanka; a region that has seen high The currency is Sri Lankan Rupee (LKR). I … Spice companies in Sri Lanka. Hence adequate lines of foreign funding should be sought to manage short term pressures on the currency. Prior to the April 21, 2019, terrorist attacks, the tourism industry was expanding rapidly. (Board of Investment) #2. The outlook for manufactures in Sri Lanka depends largely on the outlook for exports, particularly to the United States. The Sri Lanka Export Development Board (EDB) announced yesterday (28) that it is currently working towards ensuring that the operations of export industries remain uninterrupted during the curfew period in the country. That accounted for 39.6% of the total export income that was achieved by the country. Apparel and textiles are the backbone of Sri Lanka's tradable sector, representing 47% of total exports in 2016. 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. All rights reserved. In ancient times it maintained relations with the Greeks, Romans and Arabs through its spice trade. This report provides a pioneering first look at the creative industries in Sri Lanka and I congratulate the team that put it together. A sophisticated telecommunication infrastructure, highly qualified professionals, and the presence of global leaders in ICT and BPM has flamed the country’s rising popularity as a more nimble and technologically advanced outsourcing destination. 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 … 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. Exports in Sri Lanka increased to 1000 USD Million in September from 947 USD Million in August of 2020. Log in. Post was not sent - check your email addresses! Female workers in Sri Lankan Export Processing Zones 65 Sri Lanka Journal of Social Sciences 38 1 June 2015 Labour Organisation (ILO) stipulated that the Sri Lankan Ceylon Tea is celebrated for its unique flavour, variety, and quality. 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. Sri Lanka is basically still an agricultural country. 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. Tea Export Industry in Sri Lanka 22,893 views. 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 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. 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. That accounted for 39.6% of the total export income that was achieved by the country. We play the role of a policy advisor, monitor, promoter, facilitator and knowledge provider for Sri Lankan exporters and organisations, helping you reach and conquer global markets. Hence adequate lines of foreign funding should be sought to manage short term pressures on the currency. we expect the Sri Lankan Rupee to experience further pressure. Pepper Industry in Sri Lanka Production - Department of Export Agriculture Script - Dr. J.Weerasinghe, Gimhan Degaldoruwa Narration - Gimhan Degaldoruwa SriLankan Airlines supports export industries by converting passenger aircraft to full freighter. The agricultural sector in Sri Lanka produces grain coconut and rice for both domestic consumption and export purposes. Sri Lanka… The barchart show only products that Sri Lanka is not specialized in. Paper industries also grew about 3% in 2001. Despite changing trade trends and fashion demands, Sri Lankan Apparel manufacturers have continued to sustain the global interest in the industry, that reinvented Sri Lanka as an ethical, sustainable and high-end sourcing destination for apparel sourcing. Sri Lanka trading and Sri Lanka Exports: Three famous traditional export products: tea, coconut, and rubber. 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 agricultural sector together with fisheries and forestry accounted for 18% of Sri Lanka’s … Its objectives are to develop professional skills through training, and provide professional qualifications in the field of exports. As Sri Lanka export data and report, the country did maximum export business with United States of America in 2015. In view of Sri Lanka’s increasing export potential Sri Lanka Export Development Board (SLEDB) performs multiple roles in export development, promotion, and facilitation as a catalyst and promoter by; View our Data Protection & Privacy Policy. we expect the Sri Lankan Rupee to experience further pressure. 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. Includes industry registrations, trade and tariff related activities, industrial assistance program, statistical reports, press release ,news and events. In 2011, the total export income earned by the Sri Lankan apparel industry was valued at $4.2 billion. Sri Lanka’s electrical & electronics and ICT-enabled knowledge and innovation industries are adding around US $1.6 billion to Sri Lanka’s total export earnings per year. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. Export industries in … Important Sri Lankan Apparel Industry Statistics #1. Sorry, your blog cannot share posts by email. Acting as a knowledge provider to the exporter community by capturing, developing, sharing, and effectively disseminating organizational knowledge. ... Stanley Exports (Pvt) Ltd is one of the leading branded apparel exporters in Sri Lanka. The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. The country has the global monopoly for True Cinnamon ( Cinnamomum zealanicum) widely known under the geographical indication of Ceylon Cinnamon, which contains smaller amounts of coumarin compared to cassia cinnamon. 25% of the total exports achieved by the industry are destined for the United States, with 70% of them being apparel-related. A SriLankan Airlines Engineering Technician fixing cargo pallets . Trade Alert - Delivering the latest product trends and industry news straight to your inbox. ... (CEO, JB Securities). Relatedness measures the distance between a country's current exports and each product. It’s a matter of pride to satisfy the country’s neuro-psychic therapeutic segments by manufacturing prescription drugs. 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. Although relatively smaller companies compared to global leaders, selected examples are shown below. Key exports from Sri Lanka are Noise suppression capacitors, Noise suppression coils, Seat belt sensors, Wire harness, Airbag sensors, Power suppliers and Inductors, Transformers, Electrical Panel Boards, Electrical Switches and sockets, Data Communication cables and Industrial plugs, machined mechanical components, Machined component assembly, Coil Windings on Non- Uniform bobbins, Cable … In 2017, the export earnings from coconut was US dollar 598.19 million which is a 3% increase compared to that of 2016. You Are: Buyer . The volume of exports by its active members is over 98% of the total export volume. Authentic Pharmaceutical Exporters in Sri Lanka. In the long term a strong export base and sustainable FDI’s will be critical for a strong currency. The sector’s growth was shaken when due to the 2004 tsunami that occurred in the Indian Ocean. Sri Lanka’s abundance of natural resources, our historical position as a global trading centre, and the availability of knowledge and technology, position Sri Lankan exporters in an enviable and an unrivalled position in comparison to the manufacturers, suppliers, and exporters in the region. The industry employs the most people, is the largest contributor to Sri Lanka’s exports, and empowers rural populations more than any individual industry in the country. Although China, India, and Kenya are the largest tea exporters based on volume, Sri Lanka is the third largest tea exporter by USD value, exporting USD 1.4 Billion worth of Ceylon Tea to the world. By 1996 plantation crops made up only 20% of exports (compared with 93% in 1970), while textiles and garments accounted for 63%. Find a comprehensive and up to date database of Sri Lankan exporters and service providers in agricultural, food and beverage, industrial, engineering, ICT and BPM sectors, maintained and monitored by the Trade Facilitation & Information Division of Sri Lanka Export Development Board. 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 Leading the way in wooden products exports are primarily furniture, parquet for flooring, brush handles, wooden panels, and wooden toys. Functioning as the focal point to deal with all export-related Issues. 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