The construction sector has grown rapidly over the past nine years in development of high-end residential, commercial space, hotel and resort construction, and infrastructure with the sectors contribution to GDP in 2018 estimated at around 7.5 percent. You are here: Home, Export Opportunities, Sri Lanka - Sri Lanka - Electric buses Sri Lanka - Sri Lanka - Electric buses This is a business opportunity from an overseas buyer. Export-import is one of the most prominent business sectors in Sri Lanka. Export to Sri Lanka from the UK UK companies can increase their sales, growth and stability by selling to Sri Lanka. That 3.6% for exports to overall GDP in PPP for 2019 compares to 3.8% for 2018. 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. In addition, the Government of Sri Lanka and private sector institutions are digitizing records and processes and upgrading existing networks and systems. Exports to the United States, Sri Lanka's most important market, were valued at $1.8 billion in 2002, or 38% of total exports. Export/Import: In Sri Lanka, you might start Export/Import business. Real Estate and Construction: The country’s construction sector has grown rapidly over the past nine years in development of high-end residential, commercial space, hotel and resort construction, and infrastructure with the sectors contribution to GDP in 2018 estimated at around 7.5 percent. Organic Virgin Coconut Oil 200L Drum. Sri Lanka recorded its highest ever number of arrivals in 2018 with over 2.3 million tourists coming into the country. Textile industry employs around 15% of the country’s workforce and it’s responsible for 50% of the country’s total exports. With a population of 21 million people and a land mass similar in size to Tasmania, Sri Lanka is a country growing in economic importance in the South Asia region. 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. Foreign Safeguard Activity Involving U.S. Exports, Sri Lanka - Using an Agent to Sell US Products and Services, Sri Lanka - Distribution & Sales Channels, Sri Lanka - Selling Factors and Techniques, Sri Lanka - Trade Promotion and Advertising, Sri Lanka - Sales Service/Customer Support, Sri Lanka - Protecting Intellectual Property, Sri Lanka - Principle Business Associations, Sri Lanka - Limitations on Selling US Products and Services, Sri Lanka - Information and Communication Technologies, Sri Lanka - Pharmaceuticals/Medical Equipment, Sri Lanka - Labeling/Marking Requirements, Sri Lanka - Prohibited & Restricted Imports, Sri Lanka - Customs Regulations and Contact Information, Sri Lanka - Licensing Requirements for Professional Services, Sri Lanka - US Banks and Local Correspondent Banks. One of the region’s most vibrant export hubs, Sri Lanka is equally competent in agriculture, manufacturing and service sector. Export opportunities and advice. 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). Why Sri Lankan Apparel is the Finest in the World? The Export Development Board (EDB) is pleased to see an export-focused budget, which will support strong export growth led by investment, value addition and maximizing Sri Lankan natural resources. ADB continues its focus on building high-quality infrastructure in the transport, energy, and urban sectors, while also contributing to the country's key development goals of economic diversification, job creation, income enhancement, and rural economic development. Dulara de Alwis, CEO (Ceylon Exports & Trading (PVT) LTD) Office address: 11 Castle Lane, Colombo 04, Sri Lanka Factory address: 146 Nattandiya Road, Dankotuwa, Sri Lanka Phone number:+94 11 485 2323 Mobile number:+94 76 697 0551 E-mail: sales@export-lanka.com. Imports of cotton, yarn and fabric from the United States were about $1.5 million in 2018. Public and private partners can link to or download BIDS data for matchmaking, analysis, or other purposes. The country is geographically positioned well along major international shipping routes and has good relationships with its regional neighbours meaning greater potential access to these markets for trade and export from the country. With 192 country pavilions and a footfall of 25 million visitors and exhibitors from more than 200 participant countries on the cards, Expo 2020 Dubai is literally the whole world in place. IT & IT Enabled Services; Manufacturing. Sri Lanka is an upper middle-income country with a sizeable middle class that seeks U.S. and Western products, services and agricultural goods. Contact in-country business support organizations in Sri Lanka: You are here: Home, Export Opportunities, Sri Lanka - Sri Lanka - Railway consultancy Sri Lanka - Sri Lanka - Railway consultancy This is a business opportunity from an overseas buyer. Investment Opportunities – Board of Investment of Sri Lanka. Sri Lanka’s engineering industry is rapidly growing with investment potential as a result of innovative developments that further the industry’s capability to construct highly durable and efficient machinery. Dulara de Alwis, CEO (Ceylon Exports & Trading (PVT) LTD) Office address: 11 Castle Lane, Colombo 04, Sri Lanka Factory address: 146 Nattandiya Road, Dankotuwa, Sri Lanka Phone number:+94 11 485 2323 Mobile number:+94 76 697 0551 E-mail: sales@export-lanka.com. Exports to the United States, Sri Lanka's most important market, were valued at $1.8 billion in 2002, or 38% of total exports. Sri Lanka has the highest road density of any country in South Asia, with some 173.9 km of roads per 100 square kilometers of land as of 2016, according to the World Bank. The Opportunity. Image ... buy less apparel, purchase fewer cars (and hence rubber tyres), etc. The country is the 81st largest export economy in the world. Have questions about Sri Lankan export products, exporters, suppliers, and the export process? Sri Lanka - Sales Service/Customer SupportSri Lanka - Sales Service Describes what is customary in the market for sales and customer support. The construction industry contributes nearly 9 percent of Sri Lanka’s GDP, employing around 600,000 workers. Le Sri Lanka est ouvert aux échanges, qui représentent 53% du PIB. Sri Lanka is one of the world’s major rubber producers with a high reputation for quality and durability. We estimate that Sri Lanka’s spending on chicken will reach USD343.2mn in 2020 and expand to a projected USD468.1 in 2024, with the country mainly self-sufficient. Below are exports from Sri Lanka that result in negative net exports or product trade balance deficits. LIOC Managing Director Manoj Gupta . Gemstones apart, Sri Lanka boasts impeccable craftsmanship in jewellery design, gem and diamond cutting & polishing. Sri Lanka’s rich biodiversity, tropical weather, an abundance of growth material, and rising demand for cut flowers, foliage and live ornamental plants in European markets, that are specially bred, and ethically cultivated offers Sri Lankan plant breeders, cultivators and exporters an opportunity to expand our export markets. Sri Lanka’s CCC hails government’s business friendly and production oriented budget for 2021. Export Assistance Center for advice and support on exporting to Sri Lanka . Site Name Sri Lanka Export Development BoardURL http www.srilankabusiness.comLanguage(s) EnglishAbstract The site provides a wide range of trade information services including country profiles, product portals and profiles, trade guide, trade agreements, trade policy, exporters directory, calendar of trade events, information Sri Lanka has total electricity generating capacity of 40 GWH, as it mainly relies on thermal power, including a Chinese built coal power plant, which account for 45 percent of its supply. Ceylon Tea has tingled the taste buds of drinkers across the globe and reached beyond the island’s borders to make its mark in global markets for its ethical manufacturing processes & high-quality standards. Telecommunications and Technology:  Sri Lanka aims to become an information technology hub. One of the world’s most established coconut suppliers, Sri Lanka makes good use of every piece of coconut ranging from its fibre to its kernels to manufacture a whole range of products under the strictest standards to ensure the end product is of the finest quality. Pitch for the business and explain how your company meets their requirements. Trusted by some of the best fashion brands in the world, Sri Lanka manufactures and exports garments without guilt, that is, apparel that is sewn ethically and sustainably. Market Opportunities _____ 5 Political Environment_____ 7 Selling US Products & Services _____ 7 ... $2.8 billion of the $10.3 billion total exports from Sri Lanka in 2016 according to the Central Bank of Sri Lanka. The top export items of Sri Lanka are Tea, Women’s Undergarments, rubber, cinnamon, etc. Through an interactive map interface, businesses can find new export opportunities, validated by U.S. government economic and commercial experts overseas. Needless to mention, it’s much loved by consumers across the world. Specifies areas where there are opportunities. Cut Flower & Foliage. Textiles:  Sri Lanka imports approximately $2.7 billion of textiles and yarn annually for the apparel industry and requires a range of equipment and services. IT & IT Enabled Services; Manufacturing. The rest of the world has the opportunity to benefit from the country’s collective competitive advantage through sourcing from Sri Lanka. April 23, 2020 Reading Time: 6 minutes. In 2009, the country’s exports stood at $7 billion as compared to $8.137 billion in 2008. Guided by expert practices Sri Lanka provides the world with a supply of high quality industrial and consumer machinery products such as fans, air conditioners, refrigerators that are manufactured with state-of-the-art technologies. Sri Lanka - Market Opportunities Market Entry Strategy ... Sri Lanka - Information and Communication Technologies Sri Lanka ... by 120 percent over the past five years making it one of the highest growth areas in the economy and the fifth largest export segment. Inadequate rainfall has limited hydro power generating capacity and the government was forced to impose power cuts during early 2019 due to lack of generation capacity. As more individuals and businesses discover more ways to make life easier with IT and its various applications, the demand is booming in Sri Lanka for professionals that offer IT related services such as database management, data and information security, and so on. Some of the top export destinations of Sri Lanka are India, the United States, the United Kingdom, Germany, and Italy. The country produces and exports agricultural produce like rubber, tea, coconuts, and tobacco. The Sri Lanka government has taken in several steps and initiated certain boundary line over goods, products and wages that can be exported from Sri Lanka. Sri Lanka has total electricity generating capacity of 40 GWH, as it mainly relies on thermal power, including a Chinese built coal power plant, which account for 45 percent of its supply. Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2021. U.S. cotton suppliers have substantial opportunities to supply to Sri Lanka's export-orientated apparel sector. Sri Lanka - FranchisingSri Lanka - Franchising Discusses opportunities for U.S. franchisers and legal requirements in the market Sri Lankan exports, 2016 (USD million) Shrinking 0% - 8% 8% - 33% Over 33% Growth, 2012-16 Sri Lankan Exports and Growth Source: ITC, calculaons from MoPI Feasibility • This study considers 17 dimensions of feasibility: • From cul9vaon to processing to marke9ng, and stages in between. The annual value of the construction sector is estimated at $3 billion. Priority sectors include: Infrastructure Development: Engineering, construction and equipment products and services for road, power plants, sewage, water, rail, port, and airport projects. $0.00 . The health care industry provides good opportunities for U.S. medical equipment and … Thoughts on Business Opportunities for Sri Lanka Post-COVID-19. The National Export Strategy of Sri Lanka (2018-2022) acknowledges the need to “strengthen Sri Lankan exporters’ market entry capacities” and support “the integration of SMEs from across Sri Lanka into the export value chain”, as this would help increase the overall generation of income in the country. Sri Lanka - Market Opportunities Sri Lanka - Market Opportunities Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities. Cotton, Yarn, and Fabric: Sri Lanka imports approximately $208 million of cotton (raw cotton, yarn, and fabric) annually. Exports in Sri Lanka increased to 1000 USD Million in September from 947 USD Million in August of 2020. With a variety of high-quality products in the market such as gloves, wallets, bags and purses that are desired around the world. Apparel; Printed Circuit Boards; Medical … It is estimated that Sri Lanka exported 11.7 billion-dollar worth of products in 2017. Its top imports are Planes, Helicopters, and/or spacecraft, Refined Petroleum, Cars, Crude Petroleum, and Light Rubberized Knitted Fabric. U.S. Commercial Service (FCS) has many services to help US exporters interested in entering into the Sri Lankan market. When re-exporting, the packages should indicate, “Ceylon Tea blended with other origin teas.” Strategic Location; Investment Incentives; Access To Key Markets ; Educated And Adaptable Workforce; Fast Developing Infrastructure; Quality of Life; Investment Protection; Avoidance of Double Taxation; Investment Opportunities. The Export business in Sri Lanka has indeed came along a long way since the past few decades. Last Published: 7/22/2019. In the long-term, the Sri Lanka Exports is projected to trend around 1150.00 USD Million in 2021 and 1340.00 USD Million in 2022, according to … Exports in Sri Lanka is expected to be 950.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. How can I know about natural rubber industry in Sri Lanka? Sri Lanka is blessed with the raw materials necessary to craft tableware, tiles, ornaments and a broad range of other products sporting intricate shapes and designs, each living up to the standards of impeccability and perfection. However, 90 % of that is derived from Germany (19%), Italy (15%), Belgium (11%) and the Netherlands (10%) plus the United Kingdom (29%). Export and/or import business started from what time is unknown! Chewing Betel leaves and Areca nuts is an ancient tradition in Sri Lanka and many Asian countries. Overall Sri Lanka incurred a -$4.8 billion trade deficit in 2019, down -40% from -$8 billion in red ink one year earlier. Reading Time: 6 min read. In addition to natural betel, Sri Lanka also exports a range of added-products including betel toothpaste, mouthwash, & shampoo, etc. Strategic Location; Investment Incentives; Access To Key Markets ; Educated And Adaptable Workforce; Fast Developing Infrastructure; Quality of Life; Investment Protection; Avoidance of Double Taxation; Investment Opportunities. Major Australian exports to Sri Lanka consist of vegetables, dairy products, wheat and flour, lentils, and paper products. Sri Lanka Economy and Business Opportunities In the nineteenth and twentieth centuries, Sri Lanka became a plantation economy, famous for its production and export of cinnamon, rubber and Ceylon tea, which remains a trademark national export. The Ceylon Chamber of Commerce (CCC), one of the pioneer business chambers in Sri Lanka, has reportedly stated that it welcomed the proposals put forward by Sri Lanka’s Prime Minister Mahinda Rajapaksa in the National Budget for 2021 The rubber and rubber-based products industry is both eco-friendly and sustainable with its natural rubber cultivations staving off the effect of carbon pollution. As the supplier to a number of internationally acclaimed brands, Sri Lanka has carved for itself a position in the market with our world-class footwear. View our Data Protection & Privacy Policy. Agriculture:  A growing need for wheat grain, lentils, cotton yarn, and fruits and development of agriculture related infrastructure, including cold-storage facilities. India, United States, the United Kingdom, Germany, and Italy are Sri Lanka’s bigger export destinations. Tobacco is an easily producible crop in the north of Sri Lanka where the climate is suited for its growth, cultivable all year round provides a steady stream of export supplies tobacco is a prized crop that is harvested and processed for making cigarettes. Buttons, Studs, Fasteners & Similar Products. The government is seeking new low-floor electric buses. Find more export advice and explore opportunities overseas on great.gov.uk. You can find information about cookies and their deactivation in our Privacy Policy & Cookie Policy. So, you can export garment goods to European countries. UK exports to Sri Lanka were valued at £165 million in 2014. The construction sector has grown rapidly over the past nine years in development of high-end residential, commercial space, hotel and resort construction, and infrastructure with the sectors contribution to GDP in 2018 estimated at around 7.5 percent. It is estimated that the sector earned around $4.3 billion in 2018, 11 percent more than previous year. The foundation of Sri Lanka’s floriculture industry is the rich flora grown under the optimal climatic conditions. Connect with the Sri Lanka Export Development Board for further assistance. By using our website, you agree to the use of cookies. As a result, global demand for most of Sri Lanka’s export products and services will probably stagnate and at best grow more slowly. Le Sri Lanka est ouvert aux échanges, qui représentent 53% du PIB. Why Sri Lankan rubber is the Finest in the World? Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities. One of the biggest influences of economic growth in Sri Lanka is the design, manufacture and export of textile and apparel products. As a hub for tourism, Sri Lanka also requires a range of services and high-end products. With a population of highly creative and skilled craftsmen, Sri Lanka has enjoyed the prominent history in crafting items and accessories, True to its history Sri Lanka continues to employ artisans that bring their skills to the table to create stylised and unique pieces of giftware and toys that are reputed enough worldwide to bring back personalized custom requests from buyers that have been enchanted by the colourful designs and stunning mix of traditional craftsmanship and modern technology. Such positive changes can make a progressive difference in the country’s export earnings. Sri Lanka also seeks to position itself as a logistics and technology hub for the region, which creates an opportunity for information technology equipment and services exports. The country is geographically positioned well along major international shipping routes and has good relationships with its regional neighbours meaning greater potential access to these markets for trade and export from the country. … Agriculture is one of the most important sectors of Sri Lanka’s economy, with a 12.8% contribution to the country’s GDP. Owing to its serendipitous location on the Indian Ocean, and presence of inland waters such as lagoons Sri Lankan fisherfolks regularly harvest boatloads of fish and seafood such as Yellowfin Tuna, Crabs, Lobsters, Shrimp and Prawns, which are exported as both frozen and fresh products. Also, betel leaves are a major ingredient used in Batik design. … Why Sri Lanka. Jewellery Boxes, Cloth Hangers and Handicraft. And as they proudly proclaim, there’s something for everyone. Opportunities for UK businesses in Sri Lanka. Sri Lanka’s exports to Europe represent 30% of the total export revenue. Organic Virgin Coconut Oil 200L Drum. Higher exports will strengthen 2021-2023 medium-term program of poverty alleviation and economic revival. 70% of Sri Lanka’s landmass is potentially gem-bearing. However, the country still has significant infrastructure needs and the government continues to invest in roads, public transportation, ports, airports, public housing, waste and water treatment, and power projects. These findings are based on India Export database of infodriveindia and is based on shipping bills and bills of entry filed at Indian customs. Organic Virgin Coconut Oil 1000L IBC tote with heat pad . Find out how UK companies can control risks when doing business in Sri Lanka. Sri Lanka trade benefits a lot from its modern ports that were built by the British before leaving they left the island. opportunities as well as challenges for Sri Lanka. Sri Lanka’s IT/business process management sector envisions $5 billion in revenue, 200,000 direct jobs, and 1,000 start-ups by 2022. Find out how UK companies can control risks when doing business in Sri Lanka. 2018 (latest data available) data indicates that imports of chicken only accounted for 1.1% of all chicken consumed in the country. • Includes the costs, skills, and other barriers involved with each. Find more export advice and explore opportunities overseas on great.gov.uk. Opportunities For Foreign Chicken Exporters . This export-oriented manufacturing plant with its impressive production capacity is expected to bolster the economy by revitalizing exports at this decisive juncture strengthening Government’s efforts to stabilize local currency in the face of the global pandemic. The Sri Lanka Tea Board regulates tea imports into Sri Lanka. Mouthwash, & shampoo, etc in Colombo cookies to deliver our services and to show you based... Lanka States the population was 21.2 million in 2014 before leaving they the. 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