Posts

Showing posts with the label sri lanka import export data

Sri Lanka's tea exports down to 5.5% in FY 2023

Image
  Sri Lanka is a beautiful picturesque country known for producing quality tea from ancient times. Sri Lanka’s Ceylon tea is quite popular among the global market. Before the economic crisis, Sri Lanka was the third leading exporter of tea. But the financial crisis has impacted its tea sales. Through foreign aid, beneficial policy, Sri Lanka tea exports market is now reviving.  According to the Sri Lanka import export data reports, the country's tea exports showed an increase of 4.8% this year. During this financial year, Sri Lanka's tea exports were recorded to be $2.2 billion dollars. Although the tea exports during December were down to 5.5%. The topmost tea exports from Sri Lanka includes black tea (Iced tea, partly fermented tea), green tea, green coffee extracts, etc. Iraq and Russia are the top importers of tea globally in which Sri Lanka has exported the maximum number of tea shipments. Sri Lanka export data shows Iraq and Russia as the leading supplier of tea in the...

Sri Lanka likely to import Ethanol from India

Image
  Sri Lanka is likely to import ethanol from India. Sri Lanka has shown immense interest in importing mixed petrol and diesel from India to support its domestic market. Sri Lanka import export data shows that Sri Lanka was the 7th leading importer of ethanol from India having over $803 dollars worth of imports.  Whereas, during FY 2021, the ethanol imports of Sri Lanka from India were estimated to be around $1624. Now, Sri Lanka has shown immense interest in buying ethanol from India.Over the years, Sri Lanka ethanol imports have declined significantly. In FY 2022, the ethanol imports by Sri Lanka fell to 92%. The imports were high during 2017 but afterwards ethanol imports of Sri Lanka have declined consecutively. Sri Lanka import data shows that  France, UK and Pakistan were the top ethanol sources to Sri Lanka. Together these contributed to over 90% of Sri Lanka’s overall ethanol imports. In the past year, France was responsible for over 14% increase in ethanol expor...

Sri Lankan tea exports up by 4% in FY 2023

Image
Sri Lanka is known for its diverse quality of tea. For the financial year 2022, Sri Lanka was the second largest tea exporter globally after China. According to the Sri Lanka import export data reports, Sri Lanka tea exports amounted to 1.26 billion dollars in FY 2022. Amid political crisis, lack of fertilizers, the Sri Lankan tea production and exports have declined significantly. Whereas, Sri Lanka's 2021 tea exports were recorded to be 1.34 billion dollars. There was a decline of 12% as Sri Lanka's tea export shipments were around 250 million kilos while it was 286 million kilos in 2021. Although, there was minimal decline in Sri Lanka's tea exports but the demand for Ceylon tea was stable throughout the year. Our Sri Lanka customs data suggests that the highest ever value recorded for Sri Lanka tea exports were during the financial year 2014. Sri Lankan tea has a major demand in Iraq which is arguably the leading importer of Sri Lankan tea. According to Sri Lanka expo...

Sri Lanka Banned 300 Consumer Goods to Recover Losses

Image
Recently, the Sri Lankan government banned the global import export data of non essential consumer items to recover losses. These include various consumer goods such as shampoo, perfume, deodorants, coconuts, suitcases, trunks, etc. The total product count is 300. Whereas essential goods like aircrafts, ships, electronic products imports have been paused as well. This decision came after the 51 billion foreign debt on the country during the political crisis. As per latest Sri Lanka customs data statistics, total exports stands at 16 billion US Dollars while imports are estimated around 18 billion USD. Let's find out the trade statistics of Sri Lanka's Commercial goods. Coconuts Coconut (copra), palm kernel or babassu oil are another banned item by the Sri Lankan government. According to the Sri Lanka import export data of 2021, the coconut exports were estimated around 177 billion US Dollars. Indonesia, Malaysia, Philippines, Papua New Guinea and India are the top coconut exp...

Trade statistics data of Sri Lankan Import-export trading partners

Image
  Currently, Sri Lanka is facing an economic crisis that completely broke the backbone of the Sri Lankan economy.  Sri Lanka is trying to retain its economic value and boost its export and import sector. They are planning to import a wide range of products throughout the world and additionally they are exporting huge amounts of products around the world.  In this blog, we will give you information about the Trade statistics data of Sri Lankan Import-export trading partners in which we offer you the top 7 import-export-trading partners.  According to the Sri Lanka Import Export Data , Sri Lanka is leading the 79th rank in the GDP with an overall value of $33 Billion approximately in the year 2021.  The top most imported product of Sri Lanka is Walkie-talkie , Walkie-talkie is contributing to the total import percentage of around 2.47%.  The topmost exported product of Sri Lanka is Clothing Accessories , Clothing Accessories is contributing to the total expor...

Detailed research analysis on Sri Lankan Buyers & Suppliers

Image
As we all know that the Sri Lankan economy is facing a crisis that breaks them from the inside but still they are struggling to increase their import-export sector so that they will get it back to normal stage  If we talk about why Sri Lanka is facing an economic crisis so the only answer is increasing the demand for varieties of products more than the supply, also there are some wrong decisions taken by the government of Sri Lanka.  In this blog, we will give you information about the Detailed research analysis on Sri Lankan Buyers & Suppliers in which we give the top 10 importers & top 10 exporters of Sri Lanka.  We allow you to access the Sri Lanka Import-Export Data , our database helps you to find active buyers & suppliers in the Sri Lankan Trade Market   What are the top 10 Buyers of Sri Lanka?  Buyers are basically a person who fulfills the country's requirements and help their country to grow in the import sector and we can say that with...