Exports in Sri Lanka
In Sri Lanka, tea, rubber and coconut grow in abundant. These are three basic sectors that boost the economy of Sri Lanka. Other commodities that are exported from Sri Lanka include spices, textile and apparel, rubies, emeralds and diamonds. Sri Lanka is member of the World Trade Organization (WTO) and it is one of the contracting parties to the General Agreement on Tariffs and Trade.Tea industry was introduced in Sri Lanka by a British planter – James Taylor in 1867. On the basis of production, Sri Lanka has been identified as the fourth largest producer of tea in the world. In 1995 it was marked as the leading exporter of tea in the whole world. Sri Lanka mainly exports tea to the UK and some other countries.
Coconut industry is one of the flourishing industries in Sri Lanka. Coconut and its various products have high value in the exporting market. Desiccated coconut is exported to Finland, Egypt, UAE, the European Union and Brazil from Sri Lanka. Coir twine made from coconut in Sri Lanka has demand in the UK, the USA, Japan, France and South Korea. Geo textile prepared from coconut is exported to markets of Japan, Netherlands, South Korea and Germany. Coco peat products are sent mainly to Italy, South Korea, Netherlands and Taiwan. Coconut cream and milk is imported by the UK, Australia, Germany, France and Middle East from Sri Lankan market.
In Sri Lanka rubber plantation started in 1876. Approximately every year 100,000 metric tons of rubber is produced in Sri Lanka. About 30% of the total produce of rubber in Sri Lanka is exported while 70% of it is used in industries within the country. In Sri Lanka different rubber products including gloves, balloons, jar seals, mattresses, carpets, hot water bottle, auto parts etc are manufactured.
09:54 AM Monday September 13th, 2010
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