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Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
In 2015 alone, Sri Lanka’s spice exports amounted to USD 377 million, up from USD 264 million the previous year. Sri Lanka’s most famous export, cinnamon is the island’s premier spice export. Industry insiders classify the spice into two forms, Ceylon cinnamon (Cinnamomum Zeylanicum), and Cassia Cinnamon. Ceylon cinnamon is the costlier ...
The United States is the main importer of textile goods from Sri Lanka, accounting for 76% of total exports from Sri Lanka. As of 2009, Sri Lanka ranked 12th among apparel exporters to the United States in terms of value. [15] Sri Lanka's partnership was advanced in 2000 in part by setting up logistics centres at key US ports to smooth the ...
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was slightly reduced to 338 million kg. [ 3 ]
Italy is the fifth most important export market for Sri Lanka. [3] In 2024, the value of Italian imported goods from Sri Lanka was 623 million euros. [ citation needed ]
Germany is the fourth most important export market for Sri Lanka. [2] In 2021, the value of German imported goods from Sri Lanka, which mainly consist of rubber, tea and textiles, was 864.5 million euros. German exports of machinery, electrical and chemical products, and motor vehicles, amounted to 265.6 million euros. [3]
In Sri Lanka many farmers depend on animal husbandry for their livelihood, but not a large proportion. Therefore, many livestock products have to be imported. The main livestock products in Sri Lanka are milk, meat and eggs. Hides, wools and other products are still not produced within the country.