& Tourism Industry is the third largest export earner in the Sri Lankan Economy, after remittances, textiles and garments. In ancient times it maintained relations with the Greeks, Romans and Arabs through its spice trade. “Sri Lankan tea known for generations as “Ceylon Tea” is reputed for its’ taste and aroma world over. You can find information about cookies and their deactivation in our Privacy Policy & Cookie Policy. See chart and table to have trade statistics of 10 largest export partners of Sri Lanka recorded in 2015. Future of Sri Lankan 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. In 2011, the total export income earned by the Sri Lankan apparel industry was valued at $4.2 billion. we expect the Sri Lankan Rupee to experience further pressure. 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. SriLankan Airlines supports export industries by converting passenger aircraft to full freighter. Ceylon Biscuits Limited (biscuits) Ceylon Petroleum Corporation (petroleum, natural gas) Ceylon Tobacco Company PLC (tobacco, food, beverages) … 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. The discussion covered the current challenges faced by Sri Lankan … 21 June 2017 09:47 am - 0 - {{hitsCtrl.values.hits}} A A A . Its objectives are to develop professional skills through training, and provide professional qualifications in the field of exports. 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 Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. 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. Tea Export Industry in Sri Lanka 22,893 views. 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. Sorry, your blog cannot share posts by email. Therefore, the tourist arrival was below normal till 2007. Although the country has an export potential over USD 290 million, the actually exports amount to only half of the potential due to the shortage of cinnamon production. Relatedness measures the distance between a country's current exports and each product. 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. 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. It was initiated with less than 10 members and the membership has grown to over 50 active exporters by 2015. In 2011, the total export income earned by the Sri Lankan apparel industry was valued at $4.2 billion. Paper industries also grew about 3% in 2001. Sri Lanka continues to remain among the top five tea producing countries in the world. 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 … 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. Spices had been Sri Lanka’s trump card since the 15th Century. 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. 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. It’s a matter of pride to satisfy the country’s neuro-psychic therapeutic segments by manufacturing prescription drugs. G.D.De Silva sons is a Cinnamon exporter in Sri Lanka. 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. Comment goes here. Current situation of the coconut industry in Sri Lanka. ... Stanley Exports (Pvt) Ltd is one of the leading branded apparel exporters in Sri Lanka. Sri Lanka is famous for its high quality spices, even throughout history. As Sri Lanka export data and report, the country did maximum export business with United States of America in 2015. The top export opportunities for Sri Lanka according to the relatedness index, are Cotton Waste (0.27), Fake Hair (0.26), Insect Resins (0.25), Processed Fish (0.25), and House Linens (0.25). In the global export front, the … Export industries in … Wooden furniture is a large sub sector within the … A more positive development was the restoration of a reliable power supply in May 2002 with the end of drought conditions. 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. 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. Shortage of production and supply is a challenge faced by many spice exporters in the country. The agricultural sector in Sri Lanka produces grain coconut and rice for both domestic consumption and export purposes. 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. Sri Lanka's Apex Organisation for Export Promotion. Step 1: As most tourism practitioners know, in the hotel industry in Sri Lanka, very often, raw untrained young people join a resort to start their working career in hospitality. 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 Lankan Products and Industries I … 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. If a country’s currency is depreciating The main economic sectors of Sri Lanka are tourism industry, tea, apparel, textile, rice production and agricultural products. 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. Sri Lanka… Our Company. 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 A look of the upper deck of the SriLankan Cargo A330-200 freighter aircraft which is equipped to carry 60 cubic metres of freight. The currency is Sri Lankan Rupee (LKR). The agricultural sector together with fisheries and forestry accounted for 18% of Sri Lanka’s … Promoting research and development and introducing high tech and value-added products to Sri Lankan export product basket. 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. In the long term a strong export base and sustainable FDI’s will be critical for a strong currency. Apparel and textiles are the backbone of Sri Lanka's tradable sector, representing 47% of total exports in 2016. 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. However, agriculture occupies an important position in attracting the national labor force, while exports mainly depend on agricultural manufacturing industries. The tea industry is one of the main industries in Sri Lanka. 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 Acting as a knowledge provider to the exporter community by capturing, developing, sharing, and effectively disseminating organizational knowledge. Suppliers Directory. That accounted for 39.6% of the total export income that was achieved by the country. This site uses cookies to deliver our services and to show you ads based on your interests. 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. A SriLankan Airlines Engineering Technician fixing cargo pallets . Sri Lankan meat industry, including poultry, swine, cat- tle, sheep and goat has a potential to be developed due to several reasons, such as improving market balance, tech- 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). 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. This sector is a leading industry and an emerging export sector offering a wide variety of products and services to international markets. Impact of COVID-19 on Sri Lanka's export industry Advocata Institute. 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. Hence adequate lines of foreign funding should be sought to manage short term pressures on the currency. Sri Lanka’s export economy is dominated by apparel and cash-crop exports, mainly tea, but technology services exports are significant growth sector. Prior to the April 21, 2019, terrorist attacks, the tourism industry was expanding rapidly. Authentic Pharmaceutical Exporters in Sri Lanka. Tropical Sri Lanka with its diverse micro climates and soil types has many spices grown in the island. Leading the way in wooden products exports are primarily furniture, parquet for flooring, brush handles, wooden panels, and wooden toys. The tea industry is one of the main industries in Sri Lanka. 25% of the total exports achieved by the industry are destined for the United States, with 70% of them being apparel-related. This report provides a pioneering first look at the creative industries in Sri Lanka and I congratulate the team that put it together. Directing and coordinating market development activities through the Sri Lankan trade representatives and other agents abroad to ensure greater global market access for exports. Sri Lanka is basically still an agricultural 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. Sri Lankan companies carry out such R&D in partnership with end customers, component & chip providers, PCB fabricators, manufacturers, system integrators etc. The industry started picking up, although nominally, in 2008. You Are: Buyer . As Sri Lanka export data and report, the country did maximum export business with United States of America in 2015. The Sri Lanka Export Development Board (EDB), the apex government trade organization responsible for the development and promotion of exports from Sri Lanka contributing to the economic development of the country through international trade; invites dynamic, self-motivated professionals with excellent leadership skills to join the Top Management Team. Log in. Export earnings from the garment industry dropped 15% in 2001 as opposed to a 23% increase in 2000. Post was not sent - check your email addresses! Our pharmaceutical exporters in Sri Lanka span across different therapeutic segments. The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. It is the first export industry that has achieved this number in Sri Lanka since the country was opened as a free economy in 1977. Published in: Education. By 2002, the Sri Lankan apparel industry accounted for 6% of the GDP. manufactured and sustainable exports (in apparels, spices, and food and beverages for instance), lends itself nicely into the new creative industries push. The report argued, “To cushion against the negative impact of the TPP, Sri Lanka’s apparel industry will have to continually move up the value chain with respect to its product offering. See chart and table to have trade statistics of 10 largest export partners of Sri Lanka recorded in 2015. Since our inception, Sri Lanka Export Development Board (SLEDB) has been responsible for promoting Sri Lanka’s export of products and services to the global market. 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. Copyright © Export Development Board Sri Lanka. By 2002, the Sri Lankan apparel industry accounted for 6% of the GDP. The textile and apparel industry’s export accounted for over 44% of the country’s merchandise exported in 2017. The outgoing High Commissioner also informed that the South African supermarket chain, SPAR has made arrangements to expand up to 20 units in Sri Lanka and also emphasized on the availability of the containers that import goods from South Africa to be used to export Sri Lankan products to the South African Market upon their return. 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. Not one Sri Lankan corporation ranks among Forbes Global 2000. 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. That accounted for 39.6% of the total export income that was achieved by the country. 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. Follow Published on Jan 10, 2012. We export quality cinnamon products to the world market. Hence adequate lines of foreign funding should be sought to manage short term pressures on the currency. Sri Lanka had strong economic growth rates in the recent years compared to the South Asian region. we expect the Sri Lankan Rupee to experience further pressure. You can count on us when searching for authentic exporters in Sri Lanka. Ceylon Tea is celebrated for its unique flavour, variety, and quality. Wikipedia lists exporters from Sri Lanka. The outlook for manufactures in Sri Lanka depends largely on the outlook for exports, particularly to the United States. We exports all kinds of garments to various country. The United States is Sri Lanka's main apparel market, buying about 64%, helped by quota allotments under which 70% of apparel exports to the United States fall. (Board of Investment) #2. “To manage the Covid-19 situation, the export industries operating within the country have been advised to follow all[...] The sector’s growth was shaken when due to the 2004 tsunami that occurred in the Indian Ocean. 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 … Situated at the crossroads of marine navigation in the Indian Ocean, in close proximity to many rising economies and markets in Asian- Pacific and African regions, Sri Lanka continues to be an important and lucrative sourcing destination for many industries around the world. Welcome to the Exporters’ Directory, a Gateway to Sri Lankan Trade & Industry. Natural rubber production in Sri Lanka has declined from 155000 Mt produced in 1967 to 82600 Mt in the year 2018. However, agriculture occupies an important position in attracting the national labor force, while exports mainly depend on agricultural manufacturing industries. In 2017, the export earnings from coconut was US dollar 598.19 million which is a 3% increase compared to that of 2016. In addition, Sri Lanka also has the potential to develop a lucrative marine service sector, for providing auxiliary services to shipping lines, that use Colombo and Hambantota ports as a transhipment and an entrepot hub. Although relatively smaller companies compared to global leaders, selected examples are shown below. Sri Lanka exports of goods to the world worth USD 10545 million in 2016 and represented 0.1% of the global exports. Sri Lanka - Sri Lanka - Industry: Sri Lanka’s mineral-extraction industries include mining of gemstones and graphite; excavation of beach sands containing ilmenite and monazite; and quarrying kaolin, apatite, quartz sand, clay, and salt. In the first quarter of 2002, exports were down 16%. Implementing integrated product market development programmes for the Sri Lanka exporters to be competitive in their existing markets and enter new markets. The barchart show only products that Sri Lanka is not specialized in. Spice companies in Sri Lanka. ... (CEO, JB Securities). Sri Lanka is basically still an agricultural country. Pepper Industry in Sri Lanka Production - Department of Export Agriculture Script - Dr. J.Weerasinghe, Gimhan Degaldoruwa Narration - Gimhan Degaldoruwa 35 Comments 10 Likes Statistics Notes Full Name. Includes industry registrations, trade and tariff related activities, industrial assistance program, statistical reports, press release ,news and events. Important Sri Lankan Apparel Industry Statistics #1. 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. (Board of Investment) #2. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. 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. 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 … Declining production of latex is a challenge faced by the local rubber industry. Functioning as the focal point to deal with all export-related Issues. Currently, Sri Lanka ranks as the fourth largest tea producer of the world. 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. Over 31.8% of the Sri Lankans are engaged in numerous agricultural activities. 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. 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 By using our website, you agree to the use of cookies. 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. 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 … TIME LINE 1982s 1990 1987 Association of the apparel export industry in Sri Lanka inaugurated in 1982 In 1985, Martin Trust, one of the pioneers in the development of “speed sourcing” for the American fashion retail sector, began working with Sri Lankan textile and apparel companies. 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 World market on Sri Lanka 's export industry in Sri Lanka is the largest... 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