EXPORT INDUSTRY IN SRI LANKA

ISMAIL FAHEEMBM47

CONTENTS

Major export commodities Most profitable commodity Main export partners Growth of Sri Lanka Export Market Contribution of Export industry to GDP Factors Affects export market in Sri Lanka Global Market Trends and suggestion

MAJOR EXPORT COMMODITIES

Apparel Tea Diamonds Rubber Coconuts Precious stones

0.00

500.00

1000.00

1500.00

2000.00

2500.00

3000.00

3500.00

4000.00

Total Exports to the world

Year 2008Year 2009Year 2010Year 2011Year 2012

US$

Mil

lion

MOST PROFITABLE COMMODITY

2011 (January to June) 2012 (January to June) 2013 (January to June)0

500

1000

1500

2000

2500

3000

3500

2004.58 1964.04 1993.62

704.63 672.73 677.38

179.24193.59 156.26

Most Profitable Export Commodity

Textile & Garments Tea Coconut

Rev

enue

In

US$

Mil

lion

MAIN EXPORT PARTNERS

United States United Kingdom

Germany Belgium Italy0

2

4

6

8

10

12

14

16

18

Main Export Partners

Main Export Partners

Num

ber

of E

xpor

ters

GROWTH OF EXPORT MARKET

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Growth for 2000 to 2010

Total Growth Rate in US$ Million

Textile and Garments

Gems

Coconut Products

Tea

Diamonds

Qua

ntit

y in

Mill

ion

CONTRIBUTION OF GDP

The Gross Domestic Product (GDP) in Sri Lanka expanded 7.80 percent

in the third quarter of 2013 over the same quarter of the previous year.

GDP Growth Rate in Sri Lanka is reported by the Department of Census

and Statistics. From 2003 until 2013, Sri Lanka GDP Growth Rate

averaged 6.4 Percent reaching an all time high of 8.6 Percent in

December of 2010 and a record low of 1.5 Percent in March of 2009.

FACTORS AFFECT EXPORT MARKET

Exchange rate Transportation costs have negative but

insignificant effect on Sri Lanka exports. The inflation rate of Sri Lanka Factors of production Awareness programs, tax rates from different

countries, Governments rule and regulations

GLOBAL MARKET TRENDS AND SUGGESTIONS Emerging markets increase their global power Cleantech becomes a competitive advantage Global banking seeks recovery through

transformation Governments enhance ties with the private sector Rapid technology innovation creates a smart,

mobile world Demographic shifts transform the global

workforce

Thank you