Exporters’ Association€¦ · · 2017-07-12EASL Annual Report 2016/2017 Page 1 ... Hatton...
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Exporters’ Association of
Sri Lanka
Annual Report &
Accounts
2016 – 2017
EASL Annual Report 2016/2017 Page 1
OFFICE BEARERS 2016/ 2017
CHAIRMAN Mr. Harin De Silva Eastern Merchants Plc
(From February 2017 to July 2017)
Mr. Fazal Mushin Link Natural Products (Pvt) Ltd
(From July 2016 to February 2017)
VICE CHAIRMAN Mr. Chrisso De Mel Hayleys Plc
(From February 2017 to July 2017)
1st VICE CHAIRMAN Mr. Harin De Silva
Eastern Merchants Plc
(From July 2016 to February 2017)
2nd
VICE CHAIRMAN Mr. Chrisso De Mel Hayleys Plc
(From July 2016 to February 2017)
SECRETARIAT THE CEYLON CHAMBER OF COMMERCE
50, Nawam Mawatha, Colombo 2
TEL : +94 11 5588871
FAX : +94 11 2449352
EMAIL : [email protected]
WEBSITE : www.exporterssrilanka.net
EASL Annual Report 2016/2017 Page 2
MANAGING COMMITTEE 2016/2017
MEMBER COMPANIES
Company Name Main Representative Alternate Representative
A S Agri Exports (Pvt) Ltd Dr. A S Sabaratnam
AgStar Exports (Pvt) Ltd Mr. Kanishka Samaraweera Mr. Ruwan Marambage
Akbar Brothers (Pvt) Ltd Mr. T Sambasivam
C W Mackie PLC Mr. Nalin Jayasinghe
Ceylon Biscuits Ltd Mr. Jude Rubera Mr. Priyantha Bandara
Chemanex PLC Mr. Jayantha De Mel
Eastern Merchants PLC Mr. Harin De Silva
Expolanka (Pvt) Ltd Mr. Imdadh Marikar Mr. Mohamed Farzan
Hatton National Bank PLC Mr. Janath Illangantileke Mr. Shyam De Silva
Hayleys PLC Mr. Chrisso De Mel Mr. Nalaka Ratnayake
Hellmann Worldwide Logistics
(Pvt) Ltd Mr. Lalith Hennayake Mr. Wasantha Dias
Imperial Teas (Pvt) Ltd Mr. Wasantha Alutwela Mr. Kapila Jayasundara
Jafferjee Brothers Mr. Saifuddin Jafferjee Mr. Suminda Kumar
K I K Lanka (Pvt) Ltd
Mrs. Nadie Kahatapitiya
Algama Mr. Lakshan Algama
Link Natural Products (Pvt) Ltd Mr. Fazal Mushin Mr. Chanaka Gunathilake
Mackwoods Ltd Mrs. Nirmali Samaratunga
Meezan & Co. (Pvt) Ltd Mr. Azlie Irshad Mr. S Abdul Cader
Microcells Ltd Mr. Nilan Kanagarathnam Mr. Tharindu Ginige
Nidro Supply (Pvt) Ltd Mrs. Dawn Austin Mr. Channa Madawela
Saboor Chatoor (Pvt) Ltd Mr. Gulam Chatoor Mr. Ejaz Chatoor
Shums & Company Pvt Ltd Mr. M H Talal Shums Mr. M Saheed Jiffry
Sri Lanka Export Credit
Insurance Corporation Mr. D H J Ranasinghe Mr. S M T Silva
Tea Tang (Pvt) Ltd Mr. Rohan P Daluwatte Mr. Suresh Rajendram
EASL Annual Report 2016/2017 Page 3
MANAGING COMMITTEE 2016/2017
MEMBER PRODUCT ASSOCIATIONS
PRODUCT ASSOCIATION REPRESENTED BY
1. Colombo Tea Traders‟ Association Mr. H D Hemaratne
2. Seafood Exporters Association of Sri Lanka Mr. Channa Weeratunga
3. Spices & Allied Products Producers Association Mr. Vernon Abeyratne
4. Sri Lanka Association of Manufacturers & Mr. Justin Seneviratne
Exporters of Rubber Products Mr. Lalith Jayawardena
5. Sri Lanka Gem & Jewellery Association Mr. Ajward Deen
Mr. Rizwan Nayeem
6. Sri Lanka Diamond Manufacturers Association Mr. Sanjaya Baid
7. Sri Lanka Fruit & Vegetable Producers,
Processors & Exporters Association Mr. S. Gnanaskandan
8. Sri Lanka Apparel Exporters Association Mr. Aziz Rumy
Mr. Athula Jayasundera
9. Colombo Rubber Traders Association No representative
10. Sri Lanka Association of Software Services Companies (SLASSCOM)
Mr. Rifdy Fahmy
Mr.Druvinda Jayamanne
11. Floriculture Produce Exporters Association Mrs. Ramya Weerakoon
(Until 06th
January 2017) Mr. Ruwan Rajapakse
EASL Annual Report 2016/2017 Page 4
MANAGING COMMITTEE 2016/2017
PAST CHAIRPERSONS
Mr. Fazal Mushin Link Natural Products (Pvt) Ltd
(Immediate Past Chairperson, from February 2017)
Mr. Rohan P. Daluwatte Tea Tang (Pvt) Ltd
(Immediate Past Chairperson, from July 2016 to February 2017)
Mrs. Dawn Austin Nidro Supply (Pvt) Ltd
Mrs. Nirmali Samaratunga Mackwoods Ltd
Mr. Deepal Chandrasekera Imperial Teas (Pvt) Ltd
Mr. A. S. M. Muzzamil Ceylon Foods (Pvt) Ltd
EASL Annual Report 2016/2017 Page 5
THE EXPORTERS’ ASSOCIATION OF SRI LANKA
MANAGING COMMITTEE 2016-2017
Standing from Left to right
Mr. Aziz Rumy (Sri Lanka Apparel Exporters’ Association), Dr. A S Sabaratnam (A S Agri
Exports (Pvt) Ltd), Mr. Kanishka Samaraweera (AgStar Exports (Pvt) Ltd), Mr. Janith Ilangatileke
(Hatton National Bank), Mr. Gnanskandan (Lanka Fruit & Vegetable Producers, Processors &
Exporters Association), Mr. Priyantha Bandara (Ceylon Biscuits Pvt Ltd), Mr. S Abdul Cader
(Meezan & Co (Pvt) Ltd), Mr. Ajward Deen (Sri Lanka Gem & Jewellery Association, Mr.
Suminda Kumara (Jafferjee Brothers), Mr. Nalaka Ratnayaka (Hayleys Plc), Mr. Channa Madawala
(Nidro Supply Pvt Ltd), Mr. Channa Weeratunga (Seafood Exporters’ Association of Sri Lanka),
Mr. Justin Seneviratne (Sri Lanka Association of Manufacturers & Exporters of Rubber Products),
Seated from Left to Right
Ms. Ushani Dassanayake (Ceylon Chamber of Commerce / EASL Secretariat), Ms. Nadie
Kahatapitiya (KIK Lanka Pvt Ltd.), Mr. T. Sambasivam (Akbar Brothers Ltd), Mr. Deepal
Chandrasekera (Past Chairman), Mr. Talal Shums (Shums & Company Pvt Ltd), Mr. Harin De Silva
(1st Vice Chairman EASL), Mr. Fazal Mushin (Chairman EASL), Mr. Chrisso De Mel (2
nd Vice
Chairman), Mr. Rohan P. Daluwatte (Immediate Past Chairman), Mrs. Dawn Austin (Nidro Supply
Pvt Ltd), Mr. A S M Muzammil (Past Chairman EASL), Ms. Manori Dissanayaka (Ceylon Chamber
of Commerce / EASL Secretariat)
EASL Annual Report 2016/2017 Page 6
Highlights of 2016/2017 AGM
HEAD TABLE:
Head Table: from left to right Mr. Talal Shums (Head AGM Sub Committee), Mr. Fazal Mushin
(Chairman EASL), Hon. Ravi Karunanayaka, Minister of Finance (Chief Guest & Keynote
Speaker, Mr. Samantha Ranatunga, Chairman, The Ceylon Chamber of Commerce (Guest of
Honour), Mr. Harin de Silva (1st Vice Chairman), Mr. Chrisso de Mel (2
nd Vice Chairman), Ms.
Manori Dissanayaka (Assistant Secretary General, CCC/EASL Secretariat)
Lighting the oil lamp
EASL Annual Report 2016/2017 Page 7
LIST OF MEMBER COMPANIES AS
AT 31ST
MARCH 2017
A A BAUR & COMPANY (PRIVATE) LIMITED
A F JONES (EXPORTERS) CEYLON LTD A F
A S AGRI EXPORTS (PVT) LTD
ADAMEXPO
ADAMJEE LUKMANJEE & SONS LTD
AGSTAR EXPORTS (PVT) LTD
AITKEN SPENCE EXPORTS LTD
AKBAR BROTHERS (PVT) LTD
ALLIANCE FINANCE CO PLC
ANSELL LANKA (PVT) LTD
ARISTON (PVT) LTD
B BANK OF CEYLON
BEIRA BRUSH PVT LTD
BOGALA GRAPHITE LANKA PLC
C
CEYLON BISCUITS LTD
CEYLON TEA MARKETING (PVT) LTD
CHAS P. HAYLEY & CO. (PVT) LTD
CHEMANEX PLC
CIC HOLDINGS PLC
COCOTANA COCONUT PRODUCTS
CONSOLIDATED BUSINESS SYSTEMS (PVT) LTD
D
DANKOTUWA PORCELAIN LTD
DELMEGE FORSYTH & CO. LTD
DIPPED PRODUCTS PLC
E E B CREASY & CO. PLC
EASTERN MERCHANTS PLC
EDINBOROUGH PRODUCTS (PVT) LTD
ESWARAN BROTHERS EXPORTS (PVT) LTD
EURO-SCAN EXPORTS (PVT) LTD
EXPACK CORRUGATED CARTON (PVT) LTD
EXPOLANKA (PVT) LIMITED
EXPOLANKA FREIGHT (PVT) LTD
F FINLAYS COLOMBO PLC
G GEORGE STEUART & CO. LTD
GLOBAL RUBBER INDUSTRIES PVT LTD
GORDON FRAZER & CO LTD
GREENFIELD BIO PLANTATIONS (PVT) LTD
H HAMEED BROTHERS COLOMBO (PVT) LTD
HARRISONS (COLOMBO) LTD
HATTON NATIONAL BANK PLC
HAYLEYS PLC
HELA CLOTHING (PVT) LTD
HELLMANN WORLDWIDE LOGISTICS (PVT) LTD
HEMACHANDRAS (KANDY) LTD
HIRDARAMANI INTERNATIONAL EXPORTS
(PRIVATE) LIMITE
EASL Annual Report 2016/2017 Page 8
I IMPERIAL TEAS (PVT) LTD
INDUSTRIAL CLOTHINGS LTD
ISHANA SPICE EXPORTS
J J L MORISON SON & JONES (CEYLON) PLC J L
JAFFERJEE BROTHERS
JIFFY PRODUCTS S.L. (PVT) LTD
K K. I. K . LANKA (PVT) LTD
L LANKA BRUSH EXPORTS (PVT) LTD.
LANKA WALLTILES PLC
LANKEM CEYLON PLC
LINK NATURAL PRODUCTS (PRIVATE) LTD
M MABROC TEAS (PVT) LTD
MAC INTERNATIONAL FREIGHT
(PRIVATE) LIMITED
MACKWOODS LTD
MASCONS (PRIVATE) LTD
MEEZAN & CO (PVT) LTD
MIAMI EXPORTS (PVT) LTD
MICROCELLS (PRIVATE) LTD
MONA PLASTICS (PVT) LTD
N NIDRO SUPPLY (PVT) LTD
NATIONS TRUST BANK LTD
P
PATTAKANNUS (PVT) LTD
PREMIER NATURAL TEAS (PVT) LTD
R RANFER TEAS (PVT) LTD
RENUKA HOLDINGS PLC
RICHARD PEIRIS NATURAL FOAMS LTD
S SABOOR CHATOOR (PVT). LTD
SAMPATH BANK PLC
SHUMS & CO. LTD
SMITHKLINE BEECHAM (PVT) LTD
SRI LANKA EXPORT CREDIT INSURANCE
CORPORATION
STASSEN EXPORTS LTD
T TEA TANG (PVT) LTD
THE SWADESHI INDUSTRIAL WORKS PLC
TRELLEBORG LANKA (PVT) LTD
THE LION BREWERY (CEYLON) PLC
U
UNION COMMODITIES (PVT) LTD
V VAN REES CEYLON LTD
EASL Annual Report 2016/2017 Page 9
LIST OF MEMBER PRODUCT ASSOCIATIONS AS AT 31ST
MARCH 2017
1. Sri Lanka Fruit & Vegetable Producers, Processors & Exporters Association
2. Sri Lanka Apparel Exporters Association
3. Colombo Rubber Traders’ Association
4. Spices & Allied Products Producers Association
5. Colombo Tea Traders’ Association
6. Sri Lanka Association of Manufacturers & Exporters of Rubber Products
7. Sri Lanka Gem & Jewellery Association
8. Seafood Exporters Association of Sri Lanka
9. Sri Lanka Diamond Manufacturers Association
10. Sri Lanka Association of Software and Service Companies
11. Floriculture Produce Exporters Association (Until 06th
January 2017)
PAST CHAIRPERSONS OF THE EXPORTERS’ ASSOCIATION OF SRI LANKA
Year
From 1993 to 1997 August - Mr Lyn Fernando
Chairman of the Export Section of the Ceylon Chamber of Commerce
- Mr. Gulam Chatoor
Chairman of the Federation of Exporters Association of Sri Lanka
August, 1997 The Export Section of the Ceylon Chamber of Commerce & the Federation of Exporters Association of Sri
Lanka merged to form EASL and the inaugural meeting of the Exporters' Association of Sri Lanka held on
August 22nd 1997, This meeting was chaired by Mr Gulam Chatoor as a Chairman of Federation of
Exporters' of Sri Lanka. Mr Lyn Fernando was elected as the Chairman for EASL at this meeting.
1997-2000 - Mr. Lyn Fernando
2000-2003 - Mr. A S M Muzzammil
2003-2005 - Mr. Gratian Gunawardhana
2005-2007 - Mr. Mohan Mendis
2007-2008 - Mr. Deepal Chandrasekara
2008-2011 - Mrs. Nirmali Samaratunga
2011-2013 - Mrs. Dawn Austin
2013-2015 - Mr. Rohan P. Daluwatte
2015-2017 (February) - Mr. Fazal Mushin
EASL Annual Report 2016/2017 Page 10
THE EXPORTERS’ ASSOCIATION OF SRI LANKA
The formation of the Exporters Association of Sri Lanka brought a wide spectrum of exporters, under
one umbrella, and a strong platform was built to discuss and make representations on issues affecting
the Export Trade, with one voice. The Association now represents around 1000 Exporters through
direct and indirect membership, and contributes to over 80% of the total exports of the country.
History:
In 1973, Chamber Members who engaged in individual export trade initiated the formation of the
“Export Section of the Ceylon Chamber of Commerce”.
In 1987, the Export Development Board initiated the formation of the Federation of Exporters’
Associations of Sri Lanka (FEA), which was an umbrella organization of major export product specific
associations.
It was observed that there was a duplication of activities of these individual Organizations and that
there would be more usefulness served if the two were merged to promote and protect the common
interests of Members, whilst making a significant contribution to the growth of the Export Industry of
Sri Lankan exporter.
In August 1997, Export Section of the Ceylon Chamber of Commerce (CCC) and the Federation of
Exporters’ Association (FEA) passed resolutions at specially convened General Meetings by the two
institutions that the Institutions merge into one Association to be called the EXPORTERS
ASSOCIATION OF SRI LANKA.
The first Chairperson elected after the merger, was Mr. Lyn Fernando, with Mr. Gulam Chatoor
proposing his name from the chair. Mr. Lyn Fernando and Mr. Gulam Chatoor had both served as
Chairpersons of the Export Section of the Ceylon Chamber of Commerce and as the Chairpersons of
the FEA.
All members of both the Institutions took the membership of the EASL.
Membership The EASL now proudly represents practically the entire Export Sector of Sri Lanka through the
Membership of Companies and Exporter Associations. Eligibility to join the EASL being made up of
the following:
1. Any member of the Ceylon Chamber of Commerce engaged in or interested in export
2. Any properly constituted and functioning Association representing exporters of products and
services
3. Any individual member of such an Association referred to in (2) above
4. Any Company or Individual engaged in exports of goods and services who are registered with
Sri Lanka Export Development Board (SLEDB) or any respective Association duly constituted
and functional.
The EASL’s single platform representation structure is acknowledged by all authorities in both the
public and private sectors to be a responsible and credible voice of Exporters in Sri Lanka.
EASL Annual Report 2016/2017 Page 11
REVIEW OF ACTIVITIES 2016/2017
ANNUAL GENERAL MEETING
The Exporters' Association of Sri Lanka which is affiliated to the Ceylon Chamber of Commerce held
its 19th AGM on 22nd
July, 2016 at the Liberty Ball Room, Ramada Hotel Colombo. Hon. Mr.
Ravi Karunanayake, Minister of Finance was the Chief Guest and the key note speaker at the AGM and
Mr. Samantha Ranatunga, Chairman of the Ceylon Chamber of Commerce, was the Guest of Honour.
Mr. Fazal Mushin of Link Natural Products (Pvt) Ltd was elected as the Chairman for EASL whilst
Mr. Harin De Silva of Eastern Merchants Plc and Mr. Chrisso De Mel were elected as 1st Vice
Chairman and the 2nd
Vice Chairman respectively.
The EASL's mission is to promote and protect the interests of the Exporter Community at large and
this has brought together a wide spectrum of Exporters under a strong single platform aimed at
exchanging views and making representation on Macro issues relevant to the country's Exports.
The EASL has constantly engaged with Government agencies, representing and lobbying Exporter
concerns for consideration, with a view to facilitating a dialogue with regard to national policy
direction, whilst taking into account the shared goal of achieving strong national economic
development through the combined endeavours of the Export Sector and the Government.
Addressing the Association’s Annual General Meeting, Chairman Mr. Fazal Mushin stated that the
duplication of ministry and government agency functions related to trade has created confusion and
complacency in the country’s exports.
“Red tape and overlapping of functions of several ministries, several strategic initiatives being taken
over by several agencies on the same topic of trade and strategic policy has created an environment of
confusion and inconsistency,” Exporters’ Association of Sri Lanka (EASL) Chairman Fazal Mushin
said. The National Policies and Economic Affairs Ministry, Development Strategies and International
Trade Ministry, Foreign Affairs Ministry and the Ministry of Finance all talk about developing trade
and trade agreements, even though the power lies with the Industry and Commerce Ministry.
Government agencies related to trade have been divided among most of these ministries, and new
agencies have also been created in order to give power to politicians and government supporters, often
resulting in inter-agency power struggles instead of cooperation.
Mushin noted that this large collection of government officials are not in a positive thinking, proactive
or even a business as usual mode, as they are pondering the fallouts of government debt servicing, a
slow global economy, disasters and phenomena such as Brexit.
“These challenges are not exclusive to Sri Lanka. Whilst we ponder on the downside and fallouts etc.,
our neighbouring countries are outsmarting us and have faster growth rates, whilst we are running
around like headless chicken,” he said.
He recommended that Sri Lanka learn from its neighbours, and go on to diversify both products and
export destinations.
EASL Annual Report 2016/2017 Page 12
While Mushin noted that most ministers and officials had given time to listen to export sector
stakeholders unlike in the past, and the Prime Minister’s economic policy statement had included the
key elements of the EASL’s whitepaper ‘Recommendations for a National Export Strategy’, it must be
converted to action.
“What we need is a political policy agreed by all coalition partners of government, accountability of
ministries and more importantly, make the Prime Minister’s policy statement to be the driving vision
of this country,” he said.
He added that the various export associations affiliated with different business chambers will unite to
push the agenda for export development in the future.
“We have been silent far too long and been politically correct. It’s time we all spoke with one voice
and be the drivers of the country,” he said.
Sri Lanka’s exports as a percentage of Gross Domestic Product declined to 12.76 percent in 2015
compared to 33 percent in 2000 due to increasing protectionism leading to a lack of global
competitiveness.
Even the chauvinistic politicians that led the Brexit campaign have now become moderate in their
views of isolation and protectionism due to effects it will have on their economy.
The government would like the country’s exports to increase to 40 percent of the Gross Domestic
Product (GDP) with greater private sector involvement, Finance Minister Ravi Karunanayake said at
the Sri Lanka Exporters’ Association (SLEA) AGM.
“Exports should get back to 40 percent of GDP before too long,” he said.
He added that small and medium-sized enterprises and the informal sector have not responded to
recent government efforts to rectify the ‘appalling’ exports scenario.
Sri Lanka’s exports declined to 12.76 percent of GDP in 2015 compared to 33 percent of GDP in 2000.
Karunanayake asked the private sector to get involved since the government is creating Free Trade
Agreements (FTAs).
“We will open up markets. Don’t worry of FTAs bringing in imports. Focus on the potential of value-
added exports that is there. I don’t mind even cow dung being exported as long as it is value-added,”
he said.
However, it appears that certain protectionist practices that were intensified under the previous regime
are likely to continue.
“We’re responding to exporters in a big way, where in many areas, cess have come into ensure that we
stop imports coming in and get exports going out,” Karunanayake said.
EASL Annual Report 2016/2017 Page 13
MANAGEMENT COMMITTEE MEETINGS & SUMMARY OF ITS ACTIVITIES
During the period under review (2016/2017) the Committee met on twelve (12) occasions.
EASL REPRESENTATION ON OTHER BODIES/PARTICIPATION AT OTHER FORUMS
Committee of the Ceylon Chamber of Commerce
- Represented by Chairman, Mr. Fazal Mushin (Main
representative) & Mr. Harin de Silva (Alternate)
Steering Committee on Trade Liberalization of the Ceylon Chamber of Commerce
- Mr. Fazal Mushin, Mr. Harin de Silva
Employers Federation of Ceylon - Represented by Mrs. Dawn Austin (Main
representative), Mrs. Niramali Samaratunga (Alternate)
SLEDB Advisory Committee on Market Development
- Chairman, Mr. Fazal Mushin (Main representative) &
Mrs. Dawn Austin (Alternate)
Exporters Forum, Sri Lanka Export Development Board
- Representative –Mr. Talal Shums
SLEDB Advisory Committee on Trade Facilitation
- Representative –Chairman, Mr. Fazal Mushin
EAL Chairman was appointed as the Co-chair of the Steering Committee of World Export
Development Forum (WEDF) 2016.
Policy Advisory Committee (PAC) - Sri Lanka Accreditation Board
Main Representative - Mrs. Dawn Austin
Developing National Export Strategy (NES) Core Team and Working Group, International
Trade Centre and Sri Lanka Export Development Board – Mr. Fazal Mushin, Mr. Harin de
Silva, Mr. Talal Shums
The Association also maintained a close dialogue with the following Institutions, on export related
matters:
Ministry of Development Strategies and International Trade
Ministry of Industry and Commerce
Ministry of Finance
Ministry of Foreign Affairs
Sri Lanka Export Development Board
Department of Inland Revenue (VAT Dept)
Sri Lanka Customs
Board of Investment
The Central Bank of Sri Lanka
Sri Lanka Ports Authority
Department of Commerce
Department of Exchange Control
Joint Apparel Associations Forum
Sri Lanka Standards Institute
EASL Annual Report 2016/2017 Page 14
MAIN AREAS ADDRESSED DURING THE YEAR UNDER REVIEW
As the apex body representing over 1,000 Exporters through direct & indirect membership, who
contribute over 80% to the total exports of the country, the EASL activities during the year under
review, were primarily aimed at facilitating an environment for the Exporters with a focus on global
competitiveness and achieving strong growth of the Sector.
In the year under review the EASL has forged ahead to capitalize on the Government’s declaration that
all imperatives required to encourage the growth of Export will be addressed and resolved. Consistent
and frequent representation has been made by the EASL to every related agency connected with
Exports, drawing attention to aspects which constrain Export businesses from being able to achieve the
targets which each sector has set for itself.
The association has identified a few key areas of importance to exports to be the focus of the
committee during the year, Improve the quality and standards of export products; Build capacity within
institutions responsible ensuring the ability to achieve international standards in a cost effective
manner; Create encouragement to increase Production and Productivity; Setting up of an EXIM bank
to support Exporters looking at new markets, NTBS, Sanitary and Phytosanitary Measures and
Technical Barriers to Trade relevant to FTAs with India, China and Pakistan were taken up at the
various sub committees appointed by the Ministry of Development Strategies and International Trade
(MoDSIT).
Concerns were taken up through the Ceylon Chamber of Commerce regarding new regulations
introduced by the Central Bank of Sri Lanka on repatriation of export proceeds. EASL Lobbied with
the Central bank and all relevant ministries not to implement the proposal on repatriation of export
proceeds within 90 days which would have been detrimental to the Export Trade.
The Office-bearers worked tirelessly on lobbying to revoke the decision of terminating of s-VAT along
with other trade associations and chambers.
EASL also submitted submission for the 2016 National Budget, which proposed measures to support
and grow the Sector. Some of the key issues which needed to be addressed in the Budget had been
identified by the EASL’s membership (which accounts for over 80% of Exporters), can be largely
identified under the headings of Global Competitiveness & Ease of Doing Business.
We have also been very vocal in the media and have released articles on current topics such as recent
announcement on lifting of EU ban on fisheries, regaining GSP+ Scheme, urging government to
withhold the suspension of SVAT until such time as RAMIS is fully operational and also emphasized
the government not to introduce surcharges (THC) for importers and exporters.
EASL together with Frontier Research has over the past several months prepared the 2nd
phase of
EASL Strategy Document, “Recommendations for the National Export Strategy (NEDEVS 2)”. This
document proposes/ recommends to the Policy makers, aspects which the EASL has in the main,
identified as cross cutting issues that need to be addressed to enhance the competitiveness and
productivity of the export sector in Sri Lanka. Certain matters raised by its sector specific association
EASL Annual Report 2016/2017 Page 15
members have also been taken into consideration in developing this working paper. The document was
handed over to the relevant Ministries and Government authorities.
NEDEVS - 2 provides 5 key thematic areas that policymakers are encouraged to consider in the
formulation of a National Export Strategy. It is a well-known fact that exports have been on the decline
for over a decade. Though many efforts have been taken to address this, we are yet to see it being
reflected in our national export earnings figures. While realising that there are several priorities that
policymakers can focus on to boost exports, focusing on a few key priorities in the next few months
and years ahead could be a possible way ahead.
As such the following key themes briefly explained below have been identified as priority areas:
1. Stability in Politics and Policy – Given the importance placed on political stability and policy
consistency by investors, this area is a top priority and prerequisite for exports to develop and thrive
2. Understand and develop inward looking factors – while we may look at the export growth strategies
of other countries for Sri Lanka to emulate, we must also pay attention to some of the limiting
factors that are Sri Lanka specific such as the growing labour shortage.
3. Low-lying fruits- While this has direct correlation with the first priority theme, unlocking a few
obstacles in the investment climate landscape will go a long way in promoting the country and
enabling greater investment in exports.
4. Public - Private Partnerships (PPP) for exports – PPP is a buzzword at present but the purpose of the
inclusion in this document is to highlight how it can be targeted to promote exports.
5. Hub strategy - This theme explores what constitutes in becoming a hub and what it means for Sri
Lanka, in terms of focusing on a common policy.
Handing over the NEDEVS 2 document to the Governor, Central Bank of Sri Lanka
Dr. Indrajit Coomaraswamy
EASL Annual Report 2016/2017 Page 16
KEY EXPORT RELATED MATTERS ADDRESSED AND RESOLVED THROUGH EASL
INTERVENTIONS AT MEETINGS WITH GOVERNMENT OFFICIALS AND OTHER
EXPORT RELATED ORGANIZATIONS:
i) EASL Submissions for 2017 National Budget
Submissions of the different Sectors were consolidated and presented by EASL to the Ministry
of Finance. Key issues were largely identified under the headings of Global Competitiveness
& Ease of Doing Business respectively. This submission was well received and the aspects
highlighted as urgent were successfully addressed in the Budget of November 2016.
The following areas were highlighted in the proposal;
1. Facilitate access to the Madrid System & Lisbon Agreement for the International Registration
of Trademarks
2. Remove Ancillary Taxes on Import of Machinery& Technology
3. Simplify Customs documentation and approvals for importation of greenhouse within the tax
free facility that currently exists
4. Remove restrictions on local sale of products manufactured by BOI companies particularly if
these items can be used as import substitutes
5. Expand the scope of SLECIC to enable them to provide short term buyers credit to encourage
diversifying of markets and exports by SME sector
6. Build capacity within institutions responsible ensuring international standards to enable
exporters to meet international/importing country standards in actuarial and cost effective
manner
7. Further facilitate private public partnerships in Research and Development
8. Strengthen commercial sections of Sri Lankan Embassies in selected target markets (e.g. India,
China, Japan) by recruiting nationals of that country on short term contracts
9. Study the policies and incentives used by the Middle East & other fast growing Free Zones to
attract foreign investors without any comparative advantages in terms of labor or other
resources (except oil) and align our policies and incentives accordingly
10. Extend the Natural Rubber subsidy scheme to Regional Plantation Companies and RDD
plantations as well, Increase the present replanting subsidy for rubber at least by 50%.
11. Permit importation of rubber for value addition without restriction. If not, there is a risk of
investors shifting to countries where rubber is available or can be imported without hassle
12. Take initiatives to improve yields and quality of the spices sector.
ii) Department of Inland Revenue
Representations were made to IRD stating that there should not be a hiatus in the transition
from SVAT to RAMIS and that the current SVAT system must remain operational until
RAMIS is in place as projected.
iii) Sri Lanka Customs
Meetings with Director General Customs
Export Statistics to be available monthly for the benefit of the exporters to understand the
competitiveness in the market
Operational Issues relating to Sri Lanka Customs Export Facilitation Centre
EASL Annual Report 2016/2017 Page 17
iv) Export Development Board
Ongoing interaction with the EDB and members of the Managing Committee being
included on the respective EDB Advisory Committees.
Submissions for Exporters’ Forum
The Chairman of the EASL was appointed to co-chair the Steering Committee and the head
the subcommittee on events & Destination Management of the World Export Development
Forum (WEDF 2016)
PROPOSALS FOR GLOBAL MARKET CAMPAIGN TO BOOST SRI LANKA'S
EXPORTS IN 2017
EASL was represented at the meeting held on 26th
April 2017. The concept note prepared
by Dr. Ravi Dissanayaka, University of Kelaniya (Head of Think-Tank group created at the
SLEDB to develop a Branding Strategy for Sri Lanka.) was shared for comments. This
strategy paper was developed based on the inputs found in "Think-Tank.
SRI LANKA NATIONAL EXPORT STRATEGY
The EASL has continuously campaigned for greater engagement between government and
stake holders and is fully supportive of the en-devours of the SLEDB and ITC in
developing the National Export Strategy (NES) for Sri Lanka.
EASL strongly believe in a strong PPP and this initiative will strengthen the Agency for
International Trade (AIT) to drive growth in the export sector by having National Export
Strategy (NES) which will be driven on private sector inputs.
EASL was invited by SLEDB and ITC to sit on the steering committee for the Formulation
of the National Export Strategy (NES). EASL was also invited to be in the core team and
the working groups of NES design process
EASL contributed at the First Stakeholders’ Symposium held on 6th & 7
th April 2017 At Temple
Trees, under the distinguished patronage of Hon. Prime Minister.
The objective of the 1st National Symposium was to initiate the NES design process and
provide a platform for public and private stakeholders to discuss their strategic vision for
Sri Lanka’s export sector. The two-day consultation was aimed to confirm the export
performance diagnostics and define the main strategic orientations for the NES design
process, including priority sector selection.
On the sector selection, the results for the top 8 sectors that were shortlisted by the
participants in the 1st symposium based on quantitative and qualitative information are:
(ITC used two different ranking methodologies to draw the list and are in the process of
elaborating the narrative to guide the final selection).
Top 6 sectors:
Processed Food and Beverages (further shortlisting required)
ICT (further shortlisting required)
EASL Annual Report 2016/2017 Page 18
Wellness Tourism (Medical Tourism)
Boat Building
Spices and Essential Oils
Fisheries
Extra 2 sectors for Core Team discussion:
Coconut Products
Rubber and Rubber-Based Products
v) Sri Lanka Standards Institute
Issues faced by Exporters when exporting fast moving consumer goods to India
Request for MRA to be established between SLSI and the Exporters and other statutory
bodies in order to have reciprocity between Authorising Agencies.
Import Inspection Scheme
EASL suggested that Import and Export Control Department and Sri Lanka Standards
Institution shall take into consideration to include products such as Chili powder, Curry
Powder under the Import Inspection Scheme of SLSI.
vi) Department of Commerce
Addressing Non-Tariff Barriers (NTBs) faced by Sri Lankan exporters when exporting to
India in the form of standards, testing and inspection requirements.
The EASL was invited to participate in a preparatory meeting for the 12th
Joint Council
Meeting (JCM) under the USA – Sri Lanka Trade and Investment Framework Agreement
(TIFA) 2016 on the 01st April at Department of Commerce.
vii) Board of Investment of Sri Lanka
Request to revisit the approval procedures adopted by the BOI with respect to investments
into export of primary products such as spices without any value addition which is
detrimental to local exporters.
Request to extend the tax and other incentives given for new foreign investors to the
existing local companies who want to add value, expand and upgrade their operations.
EASL’S AFFILIATION WITH OTHER ORGANIZATIONS ON EXPORT RELATED
MATTERS
i) The Ceylon Chamber of Commerce
Participation in monthly Chamber Committee meetings:
ii) Employers Federation of Ceylon
As an Affiliated Association of the EFC, EASL participated in EFC regular meetings, where
employee related matters were discussed.
EASL Annual Report 2016/2017 Page 19
AWARENESS BUILDING ACTIVITIES
A) Dissemination of Information
The membership was alerted on various issues affecting exporters, as well as matters of interest, by
way of Circulars issued by EASL as well as the Ceylon Chamber of Commerce and various other
affiliated bodies of the relevant local Chamber. This included information on matters of business
interest to members, notices of topical seminars/workshops organized by the Ceylon Chamber of
Commerce and affiliated Associations/Councils.
B) Seminars/Interactive forum
During the year under review, there was no seminars organised.
C) Website
The site has proved to be an extremely useful information tool. http://www.exporterssrilanka.net.
D) Publicity
Several Press releases and interviews were given by EASL to create awareness of developments and
issues in the Sector, and the future outlook.
E) Membership
The Membership as at 31st March 2017 consisted of 82 individual Exporter members and 11 Product
Associations.
F) Auditors and Annual Accounts
The Auditors of the Exporters Association of Sri Lanka for the period 2016/2017 were Messrs. HLB
Edirisinghe & Co. The Audited Accounts of the Association is attached.
G) Secretariat
The Ceylon Chamber of Commerce continued to provide Secretarial Services to the Association during
the period under review.
BY ORDER OF THE COMMITTEE
Sgd.
Manori Dissanayaka
For Secretary
EASL Annual Report 2016/2017 Page 20
EXPORT SECTOR PERFORMANCE IN 2016/2017
AND FUTURE EXPORT CHALLENGES
OVERVIEW OF THE ECONOMY
Economic Growth
Following a period of uncertainty, the Sri
Lankan economy showed early signs of
stabilisation during the year 2016 in response to
corrective actions adopted by the government
and the Central Bank. Unfavourable weather
conditions and sluggish global economic
recovery caused the economy to grow at a
slower rate of 4.4 per cent in 2016 in real
terms, in comparison to 4.8 per cent in the
previous year, although a steady acceleration in
quarterly growth was observed from the second
quarter of the year amidst tightened fiscal and
monetary policies. Increased investment
expenditure, especially in the construction
sector, drove economic growth during the year,
while consumption expenditure slowed in
response to the policy environment in place.
Inflation, which remained low in the first four
months of the year, increased thereafter to
record an annual average of 4.0 per cent in
2016 (both National Consumer Price Index
(NCPI, 2013=100) and Colombo Consumer
Price Index (CCPI, 2013=100) based). The
high levels of inflation observed during some
months in 2016 as well as in the first quarter of
2017 were mainly due to the adverse impact of
weather related disruptions, tax adjustments
and rising international commodity prices, but
the increasing demand pressures of the
economy were evident in core inflation
remaining at elevated levels. Movements in
external sector balances reflected the continued
domestic demand for imports from certain
sectors of the economy, weak external demand
for the limited basket of domestic products,
persistent failure of the country to attract
increased direct investment flows as well as the
impact of rising global interest rates
particularly on the government securities
market. These developments resulted in the
balance of payments (BOP) recording a deficit
for the second consecutive year in spite of
improvements in earnings from tourism and
other service exports as well as workers’
remittances. The Central Bank’s heavy
intervention in the foreign exchange market
continued in the first four months of the year
resulting in a broadly stable exchange rate
during this period. However, the exchange rate
was increasingly allowed to reflect market
conditions thereafter by limiting Central Bank
intervention to dampen the pressure on the
exchange rate arising from outflows of foreign
investments from the government securities
market. Considering the possible rise in
demand driven inflationary pressures, the
Central Bank continued to tighten monetary
policy and monetary conditions throughout the
year. Accordingly, in addition to increasing the
Statutory Reserve Ratio (SRR) applicable on
rupee deposit liabilities of licensed commercial
banks (LCBs) in December 2015 to be effective
from January 2016 and the continued
application of the loan-to-value (LTV) ratio as
a selective macroprudential demand
management tool, the Central Bank raised its
key policy interest rates by a total of 100 basis
points in two steps during 2016, the first in
February 2016 and the second in July 2016.
Open market operations of the Central Bank
also guided the short term market interest rates
to move to the upper bound of the policy
interest rate corridor, resulting in a considerable
increase in the market interest rate structure. In
response to tightened monetary conditions, the
acceleration of broad money growth subsided
while the growth of credit extended to the
private sector by LCBs that peaked at 28.5 per
EASL Annual Report 2016/2017 Page 21
cent in July 2016, on a yearon-year basis, also
decelerated to 21.9 per cent by end 2016.
However, the deceleration of monetary and
credit expansion was below expectations, and
the Central Bank again adjusted its policy
interest rates upwards by 25 basis points in
March 2017 with the view of signalling to the
market the intent of the Central Bank in
maintaining inflation in mid single digits in the
medium term, within its increasingly forward
looking monetary policy framework in which
the management of inflation expectations plays
a vital role. The financial sector, in the
meantime, continued to expand during the year
whilst exhibiting resilience amidst challenging
market conditions both globally and
domestically. Meanwhile, fiscal operations
registered a notable improvement in both
revenue and expenditure fronts, resulting in the
containment of the overall budget deficit at the
envisaged level of 5.4 per cent of Gross
Domestic Product (GDP). In spite of these
achievements, central government debt as a
percentage of GDP increased, illustrating the
narrowing fiscal manoeuvrability within the
overall macroeconomic policy framework and
highlighting the necessity of continued efforts
to sustain the fiscal consolidation process.
The performance of the Sri Lankan economy in
2016 reconfirmed the necessity of addressing
the deep rooted structural issues if the country
is to progress steadily towards a higher growth
trajectory, as envisaged. While the
government’s recent efforts, with the support of
multilateral agencies including the International
Monetary Fund (IMF), to formulate policy
frameworks required to address these issues as
well as emerging challenges are commendable,
it is essential that such policies are
implemented swiftly with consistency in order
to improve productivity and efficiency of the
economy and to attract much needed foreign
direct investments (FDIs) and boost
investments from the domestic private sector,
while seamlessly integrating with the global
production networks.
The Sri Lankan economy is projected to grow
at a moderate rate of around 5.0 per cent in
2017 amidst the adverse impact of
unfavourable weather conditions, and is
expected to improve gradually thereafter to
record an annual growth rate of 7.0 per cent by
2020.
Earnings from exports contracted for the
second consecutive year in 2016 with a
contraction in earnings from agricultural and
industrial exports. Low commodity prices in
the international market, modest economic
recovery of Sri Lanka’s major export
destinations and disruptions in the domestic
supply of export oriented agricultural products
mainly contributed to the decline in export
earnings by 2.2 per cent to US dollars 10,310
million. However, the removal of sanctions
imposed on Iran by the USA in January, and
the lifting of the EU’s ban on seafood exports
from Sri Lanka in June, cushioned the overall
negative performance of exports resulting in a
reversal of the year-on-year declining trend of
exports towards end 2016. Despite the
improvements in earnings from the export of
textiles and garments (1.3 per cent) and base
metals and articles (60.5 per cent), overall
export earnings declined as a result of the
decline in earnings from transport equipment (-
46.0 per cent), petroleum products (-23.3 per
cent), tea (-5.3 per cent) and spices (-16.0 per
cent). The top ten export destinations remained
unchanged with the USA continuing to be the
main export destination, accounting for 27.3
per cent of total export earnings, followed by
the United Kingdom (UK), India, Germany and
Italy. Meanwhile, the overall export volume
index declined marginally by 0.7 per cent in
2016, while the export price index, in US dollar
terms, declined by 1.5 per cent.
EASL Annual Report 2016/2017 Page 22
Global Economic Environment and Outlook
According to the World Economic Outlook of
the IMF,1 the global economy gained
momentum in the second half of 2016 with
advanced economies registering a stronger than
expected pick-up, while slackened economic
activity persisted in emerging market and
developing economies. While many advanced
economies continued their efforts to stimulate
demand, emerging market and developing
economies exhibited diverse growth and
exchange rate outcomes depending on BOP
positions, fiscal situations and investment
activities in each country, despite being
affected in general by tighter conditions in
global financial markets. The agreement to
limit oil production by a number of major
producers led to a gradual increase in oil prices
during the year. However, the general
consensus is that prices are unlikely to rise
above US dollars 60 per barrel, as it is expected
that an aggressive supply response will be
triggered through fracking, particularly in the
USA, at this price. Prices of most commodities
including food commodities and base metals
displayed an increasing trend, particularly
towards the latter part of the year. Continued
uncertainties in the global economy as well as
volatility in international politics shrouded
economic decision making for policymakers as
well as private investors.
The slow economic growth, particularly in the
first half of 2016, as well as low levels of
inflation called for accommodative monetary
policy to remain in force in advanced
economies throughout most of the year.
However, with the US economy increasingly
showing signs of sustained growth and
employment generation, the US Federal
Reserve increased the Federal Funds target rate
in December 2016 and March 2017, following
its initial rate adjustment in December 2015.
The referendum in the UK to leave the EU too
created uncertainties in financial markets and
the global economic outlook. Economic
activity in oil producing countries including
Russia, showed some improvement, with oil
prices stabilising at higher levels in the second
half of the year. Policy stimulus to rebalance
growth in China towards improving domestic
demand and lesser reliance on investment
continued, creating uncertainty in global
commodity markets in which China is a major
buyer of key commodities such as petroleum
and base metals. In the face of these
developments and expectations, global interest
rates moved upwards, leading to portfolio
outflows from many emerging market
economies during this period. During the year,
the US dollar appreciated vis-à-vis other major
currencies. The currencies of commodity
exporting countries including those of oil
producers appreciated, while the pound
sterling, euro and the Japanese yen depreciated.
The momentum in the global economy is
expected to persist in 2017 and 2018 with the
ongoing cyclical recovery in investment,
manufacturing and trade. For the first time
since the onset of the great recession, the first
quarter of 2017 has seen a synchronised upturn
in the USA, Europe, Japan and some key
emerging markets. Such growth will be
propelled by the effects of broadly
accommodative monetary policy and
expansionary fiscal policy measures of
advanced economies that are expected to
spillover to emerging market and developing
economies. Fiscal policy is expected to be more
expansionary in the USA in 2017.
Expansionary fiscal and monetary policies in
other advanced economies including the UK,
the EU and Japan are expected to support
growth in the next one to two years as well,
while rising commodity prices are likely to lift
global inflation and reduce deflationary
pressures experienced by some of these
economies.
EASL Annual Report 2016/2017 Page 23
However, current global growth projections are
highly contingent on the effects of the
protectionist stance on international trade that
the new US administration has pledged to
introduce. Therefore, global growth in the next
two years will be marked by the responses that
are unfolding amongst the trading partners of
the USA as they search for new markets
domestically and internationally and new
growth stimulants. In the meantime, prospects
for the UK have been clouded by the effects of
Brexit while Japan will explore avenues to
regain market access lost by the USA’s
withdrawal from the TransPacific Partnership
(TPP) agreement. China’s high growth is
expected to be supported by policy stimulus,
though its effects on credit expansion and
budgetary constraints may require abrupt policy
adjustments in the period ahead. India’s
growth, which at present is considered the
highest amongst large economies, is forecast to
be somewhat lower than expected in 2017 due
to the impact of the withdrawal of high
denomination currency notes from circulation.
Growth rates in economies that are dependent
on oil incomes, particularly those in the Middle
East, are also expected to slowdown due to
lower levels of oil production, in spite of the
expected increase in oil prices.
The acceleration in global growth and the
resultant increase in global interest rates could
have diverse effects on the Sri Lankan
economy. The increase in oil prices as well as
prices of other commodities in the global
markets will weigh negatively in aggregate on
the BOP and domestic price indices, while
stagnant growth in the Middle East could
reduce the income from tea exports and
remittances by migrant workers. Tourist
arrivals may pick up with high economic
growth in Europe, China, India and Russia,
which are Sri Lanka’s major sources of
tourism. Sri Lanka, along with other small
economies in Asia, could experience higher
direct investment inflows, given the rising
levels of South-South FDIs. The proposed trade
and economic partnership arrangements in the
region could enable Sri Lanka to gain access to
larger regional markets with higher income
levels. The tightening of financial markets,
however, pose numerous challenges to Sri
Lanka, in relation to borrowing in international
financial markets that are necessary to rollover
previous borrowings, and in relation to
payment of interest on floating rate US dollar
denominated instruments that are being used to
finance the budget deficit
Direction of Trade
Main destinations for Sri Lankan exports and
the type of goods exported to such destinations
broadly unchanged in 2016 in comparison to
2015, while China became the main source of
imports in 2016, surpassing India which was
the main import source since 2001. The USA
and the UK continued to be the two main
export destinations accounting for 37 per cent
of total export earnings in 2016. China, India
and the USA were the main trading partners of
Sri Lanka as total trade with China and India
exceeded US dollars 4 billion, while trade with
the USA exceeded US dollars 3 billion
contributing 14.9 per cent, 14.7 per cent and
11.3 per cent, respectively to total external
trade. Meanwhile, the trade with UAE,
Singapore, Japan and the UK exceeded US
dollars 1 billion each. Trade with India and
Japan declined substantially in 2016 compared
to 2015 with a reduction in both imports from
and exports to these two countries, while trade
with China, Singapore, Germany, Italy and the
USA increased significantly.
The USA remained the main export destination
in 2016, accounting for 27.3 per cent of total
EASL Annual Report 2016/2017 Page 24
export earnings. Exports to the USA totalled
US dollars 2,810 million, of which 74.9 per
cent was derived from garment exports and 8.7
per cent from rubber products. Earnings from
garment exports to the USA remained broadly
unchanged in 2016, accounting for 45.7 per
cent of total garment exports. The UK
continued to be the second largest export
destination, registering 10.1 per cent of total
export earnings and one third of export
earnings from the EU. Garments and rubber
products were the main export items,
accounting for 79.1 per cent and 2.8 per cent,
respectively, of receipts from the UK. Total
earnings from garment exports to the EU in
2016 amounted to US dollars 1,905 million,
accounting for 41.4 per cent of total export
earnings from garments. The main export
destinations within the EU, other than the UK,
were Germany, Italy, Belgium, Netherlands
and France. Garments, rubber products, tea,
food, beverages and tobacco, and spices were
the main exports to Germany and Italy, which
were the fourth and fifth largest export
destinations. Total exports to India, which is
the third largest export destination, declined to
US dollars 554 million in 2016 from US dollars
643 million in 2015, due to the reduction in
export earnings from tea, minor agricultural
products, spices, transport equipment and
animal fodder. Iran emerged as the top buyer of
Sri Lankan tea in 2016 surpassing Russia.
Other major buyers for tea were Iraq, Turkey
and the UAE. These countries together
contributed to 45.2 per cent of earnings from
the export of tea in 2016.
China became the main import origin of Sri
Lanka in 2016, accounting for 21.7 per cent of
the total expenditure on imports. Expenditure
incurred on Chinese imports increased by 13.6
per cent to US dollars 4,215 million in 2016,
with increased expenditure on textiles and
articles, machinery and equipment, building
material, transport equipment and chemical
products. India, the second largest import
origin in 2016, accounted for only 19.7 per cent
of total imports, registering a decline of 10.6
per cent, due to the reduction in import
expenditure on petroleum products and
vehicles, such as auto-trishaws and motor cars.
Singapore, the third largest import origin
accounted for 6.1 per cent of total imports.
Imports from Singapore mainly comprised
petroleum products, machinery and equipment,
and diamonds and precious stones. The UAE
was the fourth largest import source with
imports from UAE, consisting of petroleum
products, diamonds and precious stones and
base metals. Expenditure incurred on imports
from Japan, which is the fifth largest import
origin, declined by 31.6 per cent due to a
reduction in the imports of vehicles, despite
higher expenditure incurred for the import of
vehicle and machinery parts and machinery and
equipment from Japan.
Export Performance
Earnings from exports contracted in 2016 for
the second consecutive year, mainly owing to
the downward movement in commodity prices
in the international market and modest
economic recovery in Sri Lanka’s major export
destinations. Despite the positive growth
recorded in the latter part of 2016, earnings
from exports at US dollars 10,310 million
reflected a decline of 2.2 per cent, from US
dollars 10,546 million in 2015, led by the
declines in agricultural and industrial exports
during the first seven months of the year.
Export earnings declined mainly due to lower
agricultural exports, which account for around
one fourth of total exports. Earnings from
agricultural exports declined by 6.3 per cent to
US dollars 2,326 million in 2016, reflecting
EASL Annual Report 2016/2017 Page 25
lower exports of many categories under
agricultural products. Earnings from tea
exports, which declined by 17.7 per cent in
2015, reduced further by 5.3 per cent in 2016 to
US dollars 1,269 million, recording the lowest
level since 2009. The total volume of tea
exported declined by 5.9 per cent to 289
million kilograms, due to lower production and
lower demand. Tea production declined in 2016
due to adverse weather conditions and trade
union activities in the plantation sector. The
demand for tea contracted mainly due to the
lower demand by major tea export destinations,
especially Middle East and Russia, as a result
of lower income levels experienced by these
countries due to relatively low oil prices and
increased geopolitical tensions. However, the
average export price of tea increased
marginally by 0.6 per cent to US dollars 4.39
per kilogram in 2016, despite the 6.3 per cent
(year-on-year) decline recorded during the first
half of the year. The reduction in export
earnings from spices and minor agricultural
products also contributed significantly to the
lower earnings from agricultural exports.
Export earnings from spices declined by 16.0
per cent to US dollars 317 million in 2016, as
against an increase of 42.7 per cent recorded in
2015, due to significant reduction in export
volumes of pepper and cloves, by 50.8 per cent
and 66.6 per cent, respectively. However, both
export volumes and prices of cinnamon, and
nutmeg and mace increased during the year.
Earnings from minor agricultural products
declined by 28.9 per cent to US dollars 114
million, as export volumes of arecanuts and
rice decreased substantially by 54.4 per cent
and 54.2 per cent, respectively.
Export earnings from coconut, rubber and
seafood increased during the year partly
offsetting the contraction in agricultural
exports. Earnings from the exports of coconut
products increased by 4.0 per cent to US dollars
366 million due to increased nonkernel
products, such as fresh nuts, fibre and coconut
shells and ekels, despite a significant decline in
earnings from coconut oil exports, under kernel
products, owing to lower prices. Despite the
decline recorded in rubber export prices,
earnings from rubber exports, which declined
continuously since 2012, increased by 25.0 per
cent to US dollars 33 million in 2016, reflecting
an increase in export volumes, by 55.8 per cent
to 16 million kilograms. Export earnings from
seafood, which declined significantly in 2015
due to restrictions on market access to the EU
since January 2015, increased by 4.0 per cent to
US dollars 170 million in 2016, after the lifting
of the ban on seafood exports from Sri Lanka to
the EU in June 2016.
Earnings from industrial exports, which
account for around three fourths of total export
earnings, contracted by 1.0 per cent to US
dollars 7,940 million in 2016 in comparison to
the previous year. Lower export earnings on
transport equipment, petroleum products, and
gems, diamonds and jewellery largely
contributed to this decline. Export earnings
from transport equipment recorded a 46.0 per
cent decline to US dollars 131 million in 2016,
mainly due to the significantly higher level of
exports recorded in 2015, owing to the export
of two dredger vessels that were imported in
2013 and 2014 for the use of the Colombo Port
City Development Project. Export earnings
from petroleum products, which mainly
comprise bunker and aviation fuel, declined by
23.3 per cent to US dollars 287 million in 2016,
partly due to higher competition from other
regional players, such as Singapore and India.
Export earnings from gems, diamonds and
jewellery declined by 17.4 per cent to US
dollars 274 million in 2016 in comparison to
the previous year, reflecting lower global
demand. Further, export earnings from animal
fodder, printing industry products, ceramic
products and chemical products also declined
during the year.
Earnings from textiles and garments exports,
which account for 47 per cent of total exports,
increased by 1.3 per cent to US dollars 4,884
EASL Annual Report 2016/2017 Page 26
million in 2016, mitigating the impact of lower
industrial exports to some extent. The USA and
the EU continued to be the two largest buyers
of Sri Lankan garments, in both volume and
value terms. Earnings from these two markets
in 2016 amounted to US dollars 2,104 million
and US dollars 1,905 million, respectively, that
jointly contributes to 87.1 per cent of total
earnings from garments. Meanwhile, garment
exports to nontraditional markets including
Canada, China, Australia and the UAE
increased by 7.9 per cent in comparison to a 4.6
per cent growth recorded in 2015. Export
earnings from base metals and articles
increased significantly by a 60.5 per cent in
2016 due to higher earnings from articles of
iron and steel, aluminium and copper. Global
prices for base metals, including aluminium
and copper, were on an increasing trend in
2016 although their average price levels
remained lower compared to 2015. Export
earnings from leather products also increased
by 22.0 per cent, mainly due to a significant
increase in the export earnings of footwear.
Export earnings from rubber products increased
marginally by 0.9 per cent as a result of higher
earnings from rubber gloves and rubber tyres.
Machinery and mechanical appliances, and
food and beverages were the other industrial
goods that recorded higher export earnings.
Earnings from the export of minerals rose
marginally by 2.1 per cent in 2016, contributing
to only 0.3 per cent of the total export earnings
in 2016. Earnings from the export of earth and
stones increased, while earnings from ores, slag
and ash decreased.
SECTORAL EXPORT PERFORMANCE 2016/2017
Tea
Tea production in 2016 witnessed a substantial
decline due to both supply and demand factors.
Total tea production in 2016 declined by 11.0
per cent to 292.6 million kilogrammes from
328.8 million kilogrammes in 2015. Low
grown tea production, which accounted for
around 63.0 per cent of the total tea production,
declined by 9.3 per cent to 183.6 million
kilogrammes, whilst high grown and medium
grown tea recorded declines of 14.6 per cent
and 12.7 per cent, respectively, to 64.4 million
kilogrammes and 44.5 million kilogrammes,
respectively. Both supply side and demand side
factors contributed to this decline. On the
supply side, the prolonged drought in tea
growing areas during early 2016, the changes
in weather patterns with overcast conditions in
mid-2016 and the severe drought condition
experienced during the third quarter of 2016
had an adverse impact on the production of tea.
On the demand side, low global commodity
prices and the decline in oil and gas revenues of
EASL Annual Report 2016/2017 Page 27
key tea importing countries adversely affected
the demand for tea in 2016. Meanwhile, the tea
smallholder sector continued to play a major
role, contributing 74.5 per cent to the total tea
production of the country in 2016.
The prices of high, medium and low grown teas
at the Colombo Tea Auction (CTA) throughout
the year were above the corresponding prices
recorded in 2015. Accordingly, the average
price of tea at the CTA increased by 17.8 per
cent to Rs. 473.15 per kilogramme in 2016,
from Rs. 401.46 per kilogramme recorded in
the previous year. The highest year-on-year
increase in average tea prices at CTA was
recorded for medium grown tea (17.6 per cent),
followed by low grown tea (17.4 per cent) and
high grown tea (16.5 per cent). The average
export price (FOB) increased marginally by 0.6
per cent to US dollars 4.39 per kilogramme in
2016 from US dollars 4.37 per kilogramme in
2015. However, local tea exporters benefitted
from the depreciation of the Sri Lankan Rupee
against the US Dollar by 3.8 per cent during
2016, whereby the export price in rupees
registered an increase of 7.9 per cent, from Rs.
593.08 per kilogramme in 2015 to Rs. 639.88
per kilogramme in 2016. The average price
received by smallholders for a green leaf
increased to Rs. 68.53 per kilogramme in 2016
from Rs. 58.80 per kilogramme in 2015. Even
if global market conditions improve, rigidities
in the domestic supply and rising costs of
production could make it challenging for the
domestic tea industry to reap the full benefit of
such an improvement in 2017
Rubber
The decline in production of rubber in 2016
was due to the reduction of both the extent
under tapping and the number of tapping days,
in response to lower prices mainly in the
smallholder sector. Rubber production at 79.1
million kilogrammes in 2016 declined by 10.7
per cent to record the lowest production volume
reported in the past 50 years. The production of
sheet rubber, which accounts for nearly 50 per
cent of the total production, declined by 10.4
per cent to 39.8 million kilogrammes, while the
production of crepe increased by 35.1 per cent
to 15.0 million kilogrammes and other
categories of rubber decreased by 25.6 per cent
to 24.6 million kilogrammes in 2016. The
extent under tapping has declined over the
years as a result of competition for land for
more lucrative agricultural crops such as oil
palm and for real estate development. The low
prices over a considerable period of time has
led to the abandonment of tapping in marginal
lands, as proceeds could not even cover the cost
of tapping. Although local rubber prices
improved during the latter part of the year,
production did not respond immediately to
improved prices owing to the degraded
condition of some rubber lands. However, yield
per hectare increased by 3.9 per cent to 851
kilogrammes in 2016, mainly due to the
reduction of the extent under tapping in
marginal lands. Domestic consumption of
rubber in the industrial sector, which has
stagnated during the last few years, increased
marginally to reach 69 million kilogrammes,
accounting for 87.2 per cent of the domestic
rubber production. Natural rubber exports
declined by 55.8 per cent to 16.2 million
kilogrammes and the cost of production of
rubber increased by 5.9 per cent to Rs 180.00
per kilogramme in 2016. Prices at the Colombo
Rubber Auction decreased during the year, as a
result of a slowdown in global demand owing
to high inventories in major consuming
countries, including China and Japan, and the
subdued global prices caused mainly by low
international crude oil prices. The average price
of Ribbed Smoked Sheet 1 (RSS1) at Rs.
239.28 per kilogramme at the Colombo Rubber
Auction in 2016 witnessed a 3.6 per cent
EASL Annual Report 2016/2017 Page 28
decline over the average price recorded in
2015. Meanwhile, the price of latex rubber also
decreased by 13.0 per cent to Rs. 262.31 per
kilogramme during the year. The average price
of natural rubber per kilogramme declined by
30.1 per cent to US dollars 1.6 in 2016 from
US dollars 2.2 recorded in 2015. As a result of
the decrease in prices, the profit margin
available to the producer remained low, making
rubber cultivation less attractive. The rubber
and plastic products subsector, which is the
third largest subsector in FIPI, indicated a
healthy performance throughout 2016 in
comparison to the previous year. The subsector
reported a growth of 5.4 per cent, improving
significantly from a contraction of 2.2 per cent
observed in 2015. Increased export demand
mainly from the USA, Germany, Brazil etc, for
solid tyres and air tyres contributed to this
growth. The countervailing duty that was
imposed in 2016 on Sri Lanka’s rubber exports
to the USA is not expected to cause a
significant impact on export volumes, as the
current profit margins are adequate for the
industry to compete amidst countervailing duty
being imposed. The global demand for tyres is
expected to be driven by rising focus on fuel
efficiency leading to increased demand for
ultra-fuel-efficient tyres. As a result, an
increase in investments in Research and
Development and innovation in tyre technology
is warranted. Nevertheless, the countervailing
duty may discourage new investors who are
willing to setup new tyre factories in Sri Lanka.
Thus, there remains a potential for local tyre
manufactures to capture these emerging market
opportunities. Manufacturing of rubber gloves
also expanded considerably with higher exports
to markets in the USA and Europe, thereby
supporting the growth in the rubber and plastic
subsector.
Coconut
The supply of coconut and coconut products
experienced a slowdown during the year.
Coconut production in 2016, estimated at 3,011
million nuts, declined by 1.5 per cent over the
output recorded last year. The decrease in the
coconut production was mainly due to the low
rainfall received in main coconut growing areas
in High domestic prices for coconut, amidst the
low production, were partly attributed to the
increased demand from coconut based
industries and high export prices. In 2016, the
average retail price of fresh nuts decreased by
8.3 per cent to Rs. 45.82 per nut. During the
year, domestic prices for desiccated coconut
decreased by 8.7 per cent, from Rs. 290.65 per
kilogramme in 2015 to Rs. 265.27 per
kilogramme in 2016. The average FOB price of
kernel products declined by 25.4 per cent to Rs.
328.30 per kilogramme, against Rs. 439.94 per
kilogramme in the previous year. In the local
market, the price of coconut oil increased by
4.3 per cent to Rs. 215.34 per bottle of 750
millilitres. The three kernel product exports,
namely, desiccated coconut, copra and coconut
oil, increased by 38.5 per cent, with export
earnings from these products increasing by 4.5
per cent. Exports of fresh nuts increased by
130.5 per cent, coconut cream increased by
27.1 per cent, coconut milk exports increased
by 38.9 per cent while exports of coconut milk
powder decreased by 32.5 per cent
EASL Annual Report 2016/2017 Page 29
Minor Export Crops
According to Department of The production of
minor export crops recorded a decline due to
adverse weather conditions and cyclical
seasonal patterns. According to the provisional
estimates provided by the Department of
Export Agricluture, the production of minor
export crops in 2016 contracted by 9.5 per cent,
compared to 12.9 per cent growth that was
recorded in 2015. The production of cinnamon,
cardamom, coffee, cocoa and nutmeg registered
a growth in 2016, while the production of
pepper, clove and arecanut declined.
Production of cinnamon increased considerably
by 7.0 per cent to 18,945 metric tons in 2016
from 17,707 metric tons in 2015. Production of
cocoa grew by 42.2 per cent to 650 metric tons,
nutmeg by 51.1 per cent to 4,155 metric tons
and coffee by 7.0 per cent to 2,824 metric tons.
Severely affected by the continuous drought
during the flowering and fruiting seasons, the
pepper harvest declined by 34.4 per cent in
comparison to the previous year. Farm gate
prices of pepper increased by 14.3 per cent,
reflecting the high demand in 2016.
Meanwhile, the significant decline of 65.3 per
cent in clove production was mainly due to the
cyclical harvesting patterns, which produces a
bumper harvest every other year. The export
volumes of cloves and pepper declined
significantly by 71.2 per cent and 52.7 per cent,
respectively, in 2016. Cashew kernel
production increased by 4.9 per cent to 3,192
metric tons and the extent cultivated increased
by 7.6 per cent to 20,102 hectares in 2016. The
increase in production was achieved amidst the
unexpected heavy rainfall experienced during
the flowering and fruiting season in cashew
growing areas. Despite the increase in
production, the farm gate prices of cashew
increased by 5.3 per cent during the year.
Vegetables Supply of vegetables continued to increase in
2016. Total vegetable production increased
marginally by 1.3 per cent to 1,648,501 metric
tons in 2016, compared to 1,627,592 metric
tons in 2015. Although this was mainly due to
the impact of the increase in vegetable
production in 2016 Yala season by 10.4 per
cent over the corresponding period in 2015, the
4.9 per cent decline in the 2015/16 Maha
production, as a result of the prolonged dry
weather conditions in the first four months of
the year, reflected the marginal increase
observed during the year. The increased
production during 2016 Yala season is mainly
due to the increase in the extent of land used
for vegetable cultivation, following the failing
of paddy cultivation in the Yala season, due to
the drought that prevailed during the end of
2016. Responding to the reduced vegetable
supply in the Maha season, both up-country
and low-country vegetable prices increased in
May 2016. In addition, crop damages and
interruptions of supplies caused by the heavy
rain and flood in May 2016 further aggravated
the level of vegetable prices. Meanwhile,
vegetable cultivation in the intermediate season
also declined due to weather related setbacks.
Nevertheless, the supply of vegetables
increased considerably in the Yala harvesting
period, resulting in prices decreasing from
August onwards. Further, the significant
improvement of vegetable supply from the
Northern Province, as a result of increased
extent under cultivation, helped reduce price
pressures in the vegetable market throughout
the year. Towards the end of the year, however,
following the seasonal pattern, vegetable prices
increased again. During 2016, 21.1 million
kilogrammes of vegetables with a value of Rs.
3.9 billion were exported. To protect farmers
and consumers, strong policy measures are
necessary to educate farmers on Good
Agricultural Practices (GAP) at the nurseries,
and popularise improved technologies on crop
EASL Annual Report 2016/2017 Page 30
cultivation and processing, which can help
increase the productivity of the sector.
Fruits
Fruit production continued to decline in 2016
although it was in high demand by exporters.
Fruit production declined further by 6.0 per
cent in 2016 following the 15.6 per cent decline
observed in the previous year. Variety wise,
orange, lime, mango, avocado and passion fruit
production increased during the year, while
banana, papaw, pineapple, rambutan, guava and
melon registered a decline. Sri Lanka imported
54,107 metric tons of fresh fruits, incurring a
cost of Rs. 7.3 billion during 2016. This was an
increase of 19.8 per cent over the quantity
imported in 2015. As in the preceding year,
apples, oranges, mandarins and grapes were the
main varieties of fresh fruit imported.
Meanwhile, Sri Lanka exported 33,300 metric
tons of fresh fruits worth Rs. 5.0 billion during
2016, resulting in a trade deficit of Rs. 2.3
billion in 2016. Even though there is a good
export demand for local fruits and vegetables,
the inability to supply large quantities on a
continuous basis is a major constraint.
Establishing direct links between producers and
exporters, and further development of the
contract farming system are important to
improve the fruit and vegetable export market.
Textile The output of the textile subsector grew by
around 2.6 per cent during 2016. The growth of
this subsector was mainly fuelled by the
increase in domestic market demand for
textiles. In 2016, around US dollars 2.7 billion
was spent on textiles and textile articles imports
into Sri Lanka. This highlights the need for
exploring the possibility of improving capacity
in both the manufacture of domestic handlooms
and factories producing textiles. Given the fact
that some garment exporters require specific
materials, the industry may focus on producing
high value-added textiles helping the garment
industry to benefit from backward linkages in
the industrial sector. Such initiatives, while
enhancing domestic industrial activities, would
contribute to save the country’s foreign
exchange as well.
Apparel
The wearing apparel subsector, which is the
second largest subsector in FIPI, also witnessed
a slight contraction, reporting a decline of 2.4
per cent during 2016. Decline in export demand
from traditional markets in the USA and EU
was the key reason for the poor performance in
this subsector. However, a growth in garment
exports to non-traditional markets, such as
Canada, China, Australia and the United Arab
Emirates (UAE) was observed during 2016. It
is expected that the potential restoration of the
GSP+ facility would make a significant
contribution towards the development of the
apparel industry of the country with increased
exports to EU. However, once a country attains
and remains in the upper middle income
country category for three years, the GSP+
facility is terminated. Given the current
projected growth rates, Sri Lanka may reach
this status in the medium term. Therefore, it is
imperative that industry should gear to exploit
the full potential of GSP+ benefits within this
short period. Simultaneously, it is necessary to
consider an expansion of trade agreements with
EASL Annual Report 2016/2017 Page 31
potential partner countries to help local apparel
exporters diversify export destinations for
existing products. Further, it is necessary to
promote industrial relocation into more remote
areas, in particular the North and East
provinces, to address the labour shortages faced
by the industry. Moreover, given Sri Lanka’s
niche positioning as a high-quality supplier, Sri
Lanka should consider to position itself as a
regional apparel trade hub, taking advantage of
logistics infrastructure, geographical location
and the highly skilled labour force.
Fisheries
The fisheries sector expanded moderately in
2016. Fish production in 2016 increased by 2.1
per cent over 2015 to 530,920 metric tons. The
marine sector production, consisting of coastal
and off shore sub sectors, which accounted for
86.0 per cent of total fish production, increased
by 0.9 per cent to 456,990 metric tons. The
production of coastal fish marginally increased
by 1.9 per cent to 274,160 metric tons, while
the off shore fish production recorded a 0.6 per
cent decline to 182,830 metric tons. Fish
production of the inland fishery and
aquaculture sector, which accounts for the
balance 14.0 per cent of the total production,
increased significantly by 9.9 per cent
compared to 2015. Growth in the inland fishery
and aquaculture sectors was due to the increase
in the release of fingerlings to inland reservoirs
as well as improvements in the aquaculture
sector. Total fish imports decreased by 3.6 per
cent to 115,693 metric tons, while dried or
salted fish imports increased by 5.8 per cent to
34,978 metric tons during the year. Meanwhile,
canned fish imports decreased considerably by
24.3 per cent to 37,089 metric tons. With the
lifting of the European Union (EU) ban on Sri
Lankan sea food exports, with effect from 21
June 2016, the demand from the EU for Sri
Lankan fish varieties expanded. Accordingly,
fish exports to the EU increased significantly
by 23.1 per cent to 2,540 metric tons in 2016.
Going forward, addressing the large scale post
harvest losses in the fisheries sector due to poor
handling, estimated at around 25 per cent of the
catch, is vital in harnessing the full potential of
the industry.
Mining and Quarrying
Mining and quarrying activities grew by 14.4
per cent in 2016 in value added terms
recovering from 5.2 per cent contraction
recorded in 2015. The significant recovery in
construction activities stimulated the expansion
in mining and quarrying activities. Further, this
recovery was reflected in the mineral exports
volume index which increased by 7.9 per cent
in 2016 recovering from 48.1 per cent
contraction in 2015. Moreover, gem exports
increased by 8.4 per cent in quantity during the
year against 17.1 per cent decline in 2015. The
production of rutile and zircon expanded during
the year, while that of ilmenite contracted. On
the other hand, phosphate production
contracted during the year mainly driven by the
low demand for fertiliser manufacturing.
Table: 06
Code Product 2012 2013%
Growth2014
%
Growth2015
%
Growth2016
%
Growth
% Contributution
to Total Exports
to 2016
2012-2016 %
Avg. Growth
1 Agricultural Products 2,248.40 2,479.90 10.30 2,698.99 8.83 2,463.75 -8.72 2,316.49 -5.98 20.67 0.53
1.1 Tea 1,397.92 1,526.74 9.22 1,609.71 5.43 1,324.51 -17.72 1,252.25 -5.46 11.17 -3.62
1.2 Natural Rubber 125.09 71.60 -42.76 45.60 -36.31 26.37 -42.17 32.87 24.65 0.29 -36.72
1.3 Coconut 360.51 360.14 -0.10 537.52 49.25 522.69 -2.76 547.64 4.77 4.89 12.09
1.3.1 Coocnut Kernel Products 127.53 127.20 -0.26 271.17 113.18 285.24 5.19 293.15 2.77 2.62 24.72
1.3.2 Coconut Fibre Products 150.15 146.79 -2.24 175.65 19.66 157.14 -10.54 175.35 11.59 1.56 3.78
1.3.3 Coconut Shell Products 82.83 86.15 4.01 90.70 5.28 80.31 -11.46 79.14 -1.46 0.71 -1.61
1.4 Other Agricultural Products 364.88 521.41 42.90 506.15 -2.93 590.18 16.60 483.73 -18.04 4.32 6.88
1.4.1 Spices 235.53 329.42 39.86 234.22 -28.90 339.17 44.81 263.94 -22.18 2.35 2.57
1.4.2 Vegetables 15.06 19.69 30.74 24.77 25.80 25.32 2.22 23.74 -6.24 0.21 11.61
1.4.3 Fruits 18.13 29.19 61.00 44.32 51.83 38.11 -14.01 34.77 -8.76 0.31 15.69
1.4.4 Cut Flowers & Foliage 10.41 14.17 36.12 14.86 4.87 13.91 -6.39 13.63 -2.01 0.12 5.21
1.4.5 Essential Oils 17.42 23.25 33.47 26.08 12.17 33.94 30.14 47.60 40.25 0.42 23.88
1.4.6 Othes of Other Export Crops 68.32 105.68 54.68 161.91 53.21 139.73 -13.70 100.05 -28.40 0.89 10.42
2 Fisheries Products 205.17 244.43 19.14 265.23 8.51 180.58 -31.92 182.30 0.95 1.63 -5.39
2.1 Ornamental Fish 7.57 10.70 41.35 12.53 17.10 17.52 39.82 12.69 -27.57 0.11 15.25
2.2 Crutaceans 29.20 44.12 51.10 54.68 23.93 35.18 -35.66 39.34 11.82 0.35 3.70
2.3 Edible Fish 168.39 189.61 12.60 198.02 4.44 127.88 -35.42 130.27 1.87 1.16 -9.07
3 Industrial Exports 6,697.31 7,231.47 7.98 8,025.11 10.97 7,534.69 -6.11 7,672.81 1.83 68.45 3.13
3.1 Diamonds. Gems & Jewellery 558.90 437.60 -21.70 393.60 -10.05 331.70 -15.73 273.90 -17.43 2.44 -20.27
3.2 Textiles & Garments 3,964.63 4,492.20 13.31 4,908.30 9.26 4,801.99 -2.17 4,866.40 1.34 43.41 4.77
3.3 Manufactures 2,275.39 2,239.44 -1.58 2,439.56 8.94 2,305.81 -5.48 2,427.92 5.30 21.66 1.59
Food, Feed, Beverages & Tobacco 359.93 278.25 -22.69 317.10 13.96 302.18 -4.71 427.17 41.36 3.81 4.25
Leather Products 18.95 21.61 14.04 22.96 6.25 23.66 3.05 22.00 -7.02 0.20 3.89
Wooden Products 64.98 64.09 -1.37 63.85 -0.37 55.28 -13.42 60.11 8.74 0.54 -3.04
Paper & Paper Products 89.95 72.67 -19.21 79.94 10.00 76.89 -3.82 85.92 11.74 0.77 -0.35
Rubber Finished Products 856.68 887.42 3.59 889.40 0.22 760.92 -14.45 767.69 0.89 6.85 -3.73
Chemical Products 35.34 33.94 -3.96 47.60 40.25 50.25 5.57 48.54 -3.40 0.43 10.27
Plastic Products 56.87 60.11 5.70 70.49 17.27 65.83 -6.61 70.35 6.87 0.63 5.16
Non - Metallic Mineral Products 116.31 118.93 2.25 125.11 5.20 117.84 -5.81 109.44 -7.13 0.98 -1.31
Electronic, Electrical, Machinery- products & parts 296.85 312.32 5.21 343.40 9.95 293.86 -14.43 317.75 8.13 2.83 0.75
Transport Equipment & Parts 99.09 50.13 -49.41 56.69 13.09 55.04 -2.91 58.18 5.70 0.52 -9.71
Boat Building 56.59 82.00 44.90 86.26 5.20 181.61 110.54 64.76 -64.34 0.58 10.65
Footwear 12.24 29.27 139.13 86.57 195.76 86.31 -0.30 117.63 36.29 1.05 56.06
Other Manufactures 87.89 89.23 1.52 105.78 18.55 102.57 -3.03 108.67 5.95 0.97 5.64
3.4 Petroleum Products 463.00 428.00 -7.56 369.59 -13.65 373.90 1.17 286.90 -23.27 2.56 50.42
4 Products Unclassified 58.08 72.73 25.22 54.85 -24.58 88.69 61.70 1.26 -98.58 0.01 7.45
Total- Merchandise Exports 9,773.59 10,394.34 6.35 11,130.09 7.08 10,546.50 -5.24 10,309.70 -2.25 91.97 2.20
5 Communication, Computer & Information Technology 673.00 719.00 6.84 748.00 4.03 847.00 13.24 900.00 6.26 8.03 7.45
Grand Total 10,446.59 11,113.34 6.38 11,878.09 6.88 11,393.50 -4.08 11,209.70 -1.61 100.00 1.66
Export Performance of Major Product Sectors- Annual Growth & Average Growth 2012-2016Value in Millions of US Dollars
Sources: Sri Lanka Customs, Central Bank of Sri Lanka / Sri Lanka Export Development Board
11
Sec. No. Product 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016%
Contribution
2015-2016
% Growth
2007-2016
Av. GrowthS.01 Tea
S.0101 Tea Packets 254.49 349.36 327.45 549.32 718.17 666.14 715.34 781.41 593.84 594.86 5.31 0.17 9.95
S.0102 Tea Bags 145.81 174.98 183.79 131.46 9.66 4.19 6.99 15.28 9.98 7.97 0.07 -20.14 -41.38
S.0103 Tea in Bulk 509.15 615.29 588.03 651.14 697.41 700.42 784.94 790.42 705.51 633.35 5.65 -10.23 3.01
S.0104 Instant Tea 8.92 11.39 9.78 11.28 0.45 0.06 0.06 0.02 - 0.01 0.00 - -99.98
S.0105 Green Tea 1.29 1.84 2.56 3.40 4.02 4.09 4.61 6.82 5.46 5.12 0.05 -6.23 15.67
S.0199 Other Tea nes 105.45 118.19 73.81 92.55 46.47 23.01 14.81 15.76 9.73 10.93 0.10 12.33 -31.39
Total 1025.11 1271.05 1185.42 1439.15 1476.18 1397.91 1526.75 1609.71 1324.52 1252.24 11.17 -5.46 2.27
S.02 Natural Rubber
S.020101 Latex Rubber 9.59 16.86 0.76 1.78 0.28 0.06 0.58 0.55 - 0.13 0.00 - -76.77
S.020102 Sheet Rubber 36.32 42.34 42.34 68.50 62.77 38.30 13.59 4.49 1.61 2.66 0.02 65.22 -38.18
S.020103 Technically Specified Rubber 9.94 10.94 8.97 8.50 14.40 12.31 6.02 2.33 1.02 1.75 0.02 71.57 -24.37
S.020104 Crepe Rubber 48.59 50.29 29.78 72.58 116.20 63.80 47.21 34.86 22.56 25.74 0.23 14.10 -7.53
S.020105 Block Rubber 1.91 1.90 1.92 0.78 2.07 0.54 1.05 0.01 0.04 0.08 0.00 100.00 -48.98
S.020199 Other Natural Rubber nes 3.00 3.02 15.08 21.61 11.28 10.08 3.16 3.36 1.15 2.52 0.02 119.13 -13.16
Total 109.35 125.35 98.85 173.75 207.00 125.09 71.61 45.60 26.38 32.88 0.29 24.64 -17.43
S.03 Coconut
S.0301 Coconut Kernel Products
S.030101 Coconut Oil 1.76 3.93 4.42 5.20 7.73 9.94 17.14 58.42 121.16 93.96 0.84 -22.45 46.37
S.030102 Desiccated Coconut 54.34 64.68 50.05 49.05 126.46 68.85 68.54 148.94 99.79 120.41 1.07 20.66 9.72
S.030103 Copra 10.90 13.71 3.72 0.65 2.47 0.68 0.11 6.90 0.74 1.71 0.02 131.08 -24.68
S.030104 Coconut Fresh Nuts 11.66 12.44 16.29 11.93 6.40 7.81 0.40 1.21 2.26 3.07 0.03 35.84 -28.45
S.030105 Coconut Milk Powder 9.54 16.20 15.58 14.73 22.84 20.12 21.82 27.60 26.05 28.63 0.26 9.90 10.38
S.030106 Coconut Cream 1.83 3.97 3.11 3.13 6.03 5.18 4.08 6.00 8.91 9.42 0.08 5.72 14.74
S.030107 Liquid Coconut Milk 6.25 5.97 5.05 8.73 10.20 8.46 10.45 13.99 18.27 24.17 0.22 32.29 15.42
S.030108 Poonac 1.27 1.04 3.44 2.70 1.82 2.14 0.06 0.71 1.07 4.58 0.04 328.04 -4.43
S.030109 Defatted Coconut 2.85 4.16 2.63 3.27 7.45 4.36 4.61 7.41 6.99 7.19 0.06 2.86 10.69
Sub Total- Coconut Kernel Products 100.40 126.10 104.29 99.39 191.40 127.54 127.21 271.18 285.24 293.14 2.62 2.77 12.40
S.0302 Coconut Fibre Products
S.030201 Bristle Fiber 17.45 32.64 4.92 2.77 3.26 2.25 3.04 4.78 3.88 4.35 0.04 12.11 -16.76
S.030202 Mattress Fiber 12.37 18.49 31.09 31.21 36.33 25.38 23.36 26.19 18.42 15.33 0.14 -16.78 -0.11
S.030203 Mixed Coir Fiber 15.92 14.42 4.94 5.92 9.59 16.09 10.54 19.16 12.17 11.10 0.10 -8.79 2.78
S.030204 Coir Yarn 1.04 1.25 1.61 2.91 0.61 1.22 1.40 1.69 1.90 0.97 0.01 -48.95 0.64
S.030205 Coco Peat & Fiber Pith 14.48 1.07 36.14 52.00 66.04 68.35 74.46 82.15 84.33 104.93 0.94 24.43 32.49
S.030206 Brooms & Brushes 10.07 11.32 9.85 10.10 13.25 11.35 11.82 13.02 11.93 11.64 0.10 -2.43 2.05
S.030207 Carpets, Mats, Floor Coverings 7.15 5.66 3.62 3.78 6.35 5.27 5.41 6.09 5.11 3.56 0.03 -30.33 -2.12
S.030208 Coconut Husk Chips 4.00 5.27 9.57 5.93 6.10 6.82 5.43 6.78 7.66 10.08 0.09 31.59 5.49
S.030209 Coir Pads 2.07 2.35 2.24 2.16 2.23 2.27 2.04 2.84 1.44 0.94 0.01 -34.72 -5.76
S.030210 Coir Twine & Ropes 3.24 4.36 5.45 4.34 7.86 8.15 5.56 8.97 6.66 8.04 0.07 20.72 8.74
S.030211 Geo Textiles 3.01 3.09 1.90 2.77 4.00 3.00 3.73 3.98 3.63 4.42 0.04 21.76 5.40
Sub Total- Coconut Fibre Products 90.80 99.92 111.33 123.89 155.62 150.15 146.79 175.65 157.13 175.36 1.56 11.60 7.18
S.0303 Coconut Shell Products
S.030301 Activated Carbon 27.60 34.31 42.79 51.07 71.65 76.92 81.18 84.12 74.09 74.99 0.67 1.21 11.65
S.030302 Coconut Shell Pieces 0.13 0.09 0.07 0.08 0.08 0.21 0.08 0.11 0.08 0.12 0.00 50.00 1.33
S.030303 Coconut Shell Powder 0.26 0.23 0.15 0.20 0.13 0.06 0.10 0.07 0.10 0.04 0.00 -60.00 -17.65
S.030304 Coconut Shell Charcoal 0.80 0.98 1.13 1.31 2.52 3.70 3.34 4.74 4.82 2.60 0.02 -46.06 19.48
S.030305 Coconut Ekels 0.81 0.97 1.00 1.10 1.51 1.94 1.46 1.66 1.23 1.38 0.01 12.20 6.11
Sub Total- Coconut Shell Products 29.60 36.58 45.14 53.76 75.89 82.83 86.16 90.70 80.32 79.13 0.71 -1.48 11.73
Total Coconut Products 220.80 262.60 260.76 277.04 422.91 360.52 360.16 537.53 522.69 547.63 4.89 4.77 10.45
Table: 9 (Continued Pages 15-20)
Disaggregated Export Performance 2007-2016
Value in Millions of US Dollars
15
Sec. No. Product 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016%
Contribution
2015-2016
% Growth
2007-2016
Av. Growth
Value in Millions of US Dollars
S.04 Other Export Crops
S.0401 Spices
S.040101 Pepper 31.95 26.39 20.58 44.95 30.76 67.93 126.67 69.17 144.07 72.18 0.64 -49.90 17.68
S.040102 Cinnamon 75.50 82.70 74.18 91.44 121.18 129.53 132.39 132.28 131.18 159.07 1.42 21.26 8.49
S.040103 Cloves 9.24 33.12 12.02 37.93 35.47 18.13 49.44 13.85 47.89 13.46 0.12 -71.89 4.12
S.040104 Nutmeg & Mace 7.61 8.98 8.09 16.52 25.61 19.69 20.76 18.62 14.96 13.48 0.12 -9.89 8.07
S.040105 Cardamoms 0.13 0.27 0.24 0.34 0.59 0.25 0.17 0.30 1.08 5.75 0.05 432.41 25.46
Sub Total- Spices 124.43 151.46 115.11 191.18 213.61 235.53 329.43 234.22 339.18 263.94 2.35 -22.18 10.72
S.0402 Vegetables
S.040201 Onions 0.15 0.02 0.02 0.08 0.24 0.06 0.14 0.05 0.04 0.06 0.001 50.00 -0.02
S.040202 Tomato 0.01 0.02 0.01 ... ... 0.10 0.03 0.02 - 0.01 - - 0.20
S.040203 Garlic 0.01 0.01 0.03 0.03 0.04 0.01 0.03 0.05 0.02 0.10 0.001 400.00 16.41
S.040205 Carrots 0.01 - - 0.01 - - 0.03 - - 0.01 0.00 - 18.11
S.040206 Potatoes 0.01 0.01 - 0.01 0.01 0.07 - - - - - - -17.43
S.040207 Sweat Potatoes - - - 0.01 0.01 0.01 - 0.01 0.01 0.03 0.00 200.00 45.28
S.040208 Gherkins 0.95 0.90 0.55 0.52 0.46 0.49 0.90 1.36 0.93 0.89 0.01 -4.30 3.59
S.040209 Mushroom 0.03 0.19 0.58 0.78 0.51 0.94 2.51 1.76 1.49 1.42 0.01 -4.70 35.48
S.040210 Manioc 1.08 1.36 2.05 1.29 2.89 1.39 1.66 2.49 2.88 3.26 0.03 13.19 9.80
S.040211 Kiri Ala 0.41 0.44 0.53 0.38 0.51 0.43 0.37 0.44 0.36 0.33 0.00 -8.33 -2.81
S.040212 Chilies - 0.41 0.72 0.68 0.87 0.86 0.87 1.00 0.95 1.28 0.01 34.74 -
S.040213 Turmeric 0.12 0.37 0.12 0.11 0.28 0.19 0.31 0.45 0.40 0.50 0.00 25.00 13.60
S.040214 Ginger 0.33 0.39 0.34 0.42 1.38 0.95 0.22 0.54 0.54 0.89 0.01 64.81 6.71
S.040299 Other Vegetables nes 8.41 9.63 7.09 12.00 11.35 9.56 12.63 16.57 17.70 14.96 0.13 -15.48 8.28
Sub Total- Vegetables 11.52 13.75 12.04 16.32 18.55 15.06 19.70 24.74 25.32 23.74 0.21 -6.24 8.92
S.0403 Fruits
S.040301 Pineapples 2.76 3.80 1.69 1.83 1.80 1.52 2.96 4.91 5.06 3.96 0.04 -21.74 7.18
S.040302 Tamarind 0.25 0.29 0.11 0.20 0.20 0.57 0.10 0.55 0.08 0.18 0.00 125.00 -2.74
S.040303 Goraka (Garzenia) 0.92 1.59 1.44 1.90 1.98 2.55 7.42 8.07 4.29 2.33 0.02 -45.69 17.13
S.040304 Bananas 0.46 0.81 1.11 1.95 4.08 6.38 8.45 16.50 15.86 16.33 0.15 2.96 43.20
S.040305 Lemons 0.74 1.30 1.27 1.34 0.97 0.35 0.36 0.64 0.76 0.13 0.00 -82.89 -16.98
S.040306 Melons & Papayas 0.33 0.93 0.47 0.62 0.74 0.80 1.16 1.87 1.93 2.54 0.02 31.61 19.58
S.040399 Other Fruits nes 5.75 5.27 6.19 8.36 7.60 5.97 8.74 11.77 10.14 9.31 0.08 -8.19 7.28
Sub Total- Fruits 11.21 13.99 12.28 16.20 17.37 18.14 29.19 44.31 38.12 34.78 0.31 -8.76 15.41
S.0404 Cut Flowers & Foliage 12.04 14.18 11.45 13.49 14.76 10.41 14.17 14.86 13.91 13.63 0.12 -2.01 1.26
S.0405 Essential Oils 8.88 7.81 4.83 14.92 18.18 17.42 23.25 26.08 33.94 47.60 0.42 40.25 21.29
S.0406 Others of Other Export crops
S.040601 Unmanufactured Tobacco 40.18 39.58 33.55 32.23 38.41 42.10 47.62 41.32 31.80 31.17 0.28 -1.98 -0.92
S.040602 Betel Leaves 4.08 6.65 5.99 6.48 6.86 5.05 10.60 10.54 9.13 7.74 0.07 -15.22 7.26
S.040603 Cashew Nuts 1.05 1.43 1.17 2.28 2.64 1.71 1.42 1.83 1.57 0.98 0.01 -37.58 0.26
S.040604 Oil Seed 0.64 0.37 1.63 9.72 0.53 2.51 10.43 6.19 4.70 4.46 0.04 -5.11 26.51
S.040605 Coffee 0.14 0.24 0.13 0.13 0.08 0.06 0.12 0.23 0.18 0.14 0.00 -22.22 0.02
S.040606 Areca Nuts 0.90 3.40 1.38 2.30 2.49 3.84 16.64 64.66 69.85 34.08 0.30 -51.21 48.18
S.040607 Black Gram 0.02 0.03 0.02 0.03 0.04 - 0.12 0.01 0.29 0.02 0.00 -93.10 6.84
S.040608 Cowpea - 0.01 - 0.03 0.01 - 2.28 2.02 1.12 1.67 0.01 49.11 83.15
S.040609 Green Gram 0.03 0.03 0.04 0.62 0.20 0.03 0.05 0.06 1.61 1.76 0.02 9.32 34.16
S.040610 Lentils 0.12 12.41 19.83 16.52 7.77 7.45 7.81 21.85 8.81 5.51 0.05 -37.46 18.13
S.040699 Other Export Crops nes 3.12 3.88 3.74 3.79 5.41 5.57 8.60 13.20 10.68 12.54 0.11 17.42 17.21
Sub Total- Others of Other Export Crops 50.28 68.03 67.48 74.13 64.44 68.32 105.69 161.91 139.74 100.07 0.89 -28.39 10.14
Total - Other Export Crops 218.36 269.22 223.19 326.24 346.91 364.88 521.43 506.12 590.21 483.76 4.32 -18.04 11.03
S.05 Fisheries Products
S.0501 Edible Fish Products
S.050101 Frozen Fish 83.32 84.55 80.47 83.86 60.56 69.79 123.31 136.93 78.20 69.14 0.62 -11.59 1.0516
Sec. No. Product 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016%
Contribution
2015-2016
% Growth
2007-2016
Av. Growth
Value in Millions of US Dollars
S.050102 Fish Fresh or Chilled 39.29 51.13 57.73 61.23 72.10 79.67 42.34 43.69 36.42 46.81 0.42 28.53 -1.94
S.050103 Prawns 22.38 10.00 14.14 14.24 16.28 13.12 19.46 25.85 14.43 16.87 0.15 16.91 2.28
S.050104 Lobsters 3.20 3.72 2.79 7.82 5.39 2.80 8.61 8.79 5.72 4.48 0.04 -21.68 6.93
S.050105 Crabs 4.66 5.99 9.09 8.92 14.51 13.29 16.05 20.04 15.04 17.99 0.16 19.61 14.68
S.050199 Other Edible Fish nes 9.63 9.23 6.37 16.09 16.41 18.93 23.96 17.41 13.25 14.32 0.13 8.08 7.56
Sub Total- Edible Fish Products 162.48 164.62 170.59 192.16 185.25 197.60 233.73 252.71 163.06 169.61 1.51 4.02 1.78
S.0502 Ornamental Fish 8.20 8.98 8.52 10.08 10.06 7.57 10.70 12.53 17.52 12.69 0.11 -27.57 6.32
Total- Fish Products 170.68 173.60 179.11 202.24 195.31 205.17 244.43 265.24 180.58 182.30 1.63 0.95 2.09
S.06 Diamonds. Gems & Jewellery
S.0601 Diamonds 348.50 420.58 316.82 321.52 414.33 416.73 293.40 198.30 148.40 104.50 0.93 -29.58 -12.04
S.0602 Gems 106.80 101.01 68.92 70.25 95.24 117.93 122.60 173.00 164.10 149.30 1.33 -9.02 -5.42
S.0603 Jewellery 19.61 17.32 13.55 17.00 22.00 24.24 21.60 22.30 19.20 20.10 0.18 4.69 -0.09
Total 474.91 538.91 399.29 408.77 531.57 558.90 437.60 393.60 331.70 273.90 2.44 -17.43 -8.93
S.07 Textiles & Garments
S.0701 Woven Fabrics 70.30 74.37 68.91 86.13 98.18 104.01 115.55 115.86 128.72 128.59 1.15 -0.10 7.76
S.0702 Apparel 3144.31 3282.44 3119.89 3178.21 3985.78 3776.13 4264.89 4681.50 4554.75 4602.08 41.05 1.04 5.20
S.0703 Made-Up Textile Articles 58.10 49.08 36.71 47.26 47.82 41.94 47.10 53.87 62.97 70.11 0.63 11.34 3.16
S.0799 Other Textile Articles nes 34.09 32.83 23.29 30.18 40.37 42.57 64.66 57.07 55.55 65.62 0.59 18.13 9.94
Total- Textiles & Garments 3306.80 3438.72 3248.80 3341.78 4172.15 3964.65 4492.20 4908.30 4801.99 4866.40 43.41 1.34 5.28
S.08 Manufactures
S.0801 Food, Feed, Beverages & Tobacco
S.080101 Processed Vegetables, Fruits & Juices 4.15 3.49 3.20 5.90 6.02 8.99 13.13 16.85 21.63 24.99 0.22 15.53 24.27
S.080102 Confectionary & Bakery Products 9.15 14.25 17.43 34.84 44.68 38.71 33.18 32.09 26.52 25.48 0.23 -3.92 9.89
S.080103 Processed Food 205.73 84.55 47.23 67.14 94.84 73.44 67.04 90.40 64.75 190.22 1.70 193.78 0.25
S.080104 Rice & Cereals 51.24 65.59 45.28 80.09 156.69 104.46 47.33 50.54 43.39 30.69 0.27 -29.27 -5.42
S.080105 Beverages 3.86 4.39 2.80 6.42 5.96 5.61 9.33 15.19 21.19 26.64 0.24 25.72 22.98
S.080106 Manufactured Tobacco 23.42 27.53 24.27 25.52 40.90 47.12 49.09 55.72 57.71 73.13 0.65 26.72 13.14
S.080107 Animal Feed 37.52 58.57 62.93 67.22 58.47 81.61 59.15 56.31 67.00 56.02 0.50 -16.39 2.39
Sub Total-Food, Feed, Beverages & Tobacco 335.07 258.37 203.14 287.13 407.56 359.94 278.25 317.10 302.19 427.17 3.81 41.36 3.21
S.0802 Leather & Leather Products
S.080201 Raw Hides & Skins 1.07 0.59 0.34 0.65 0.43 0.47 0.31 0.56 0.60 0.61 0.01 1.67 -2.80
S.080202 Travel Goods, Bags etc. 7.27 4.94 3.28 2.86 2.26 2.85 2.37 2.03 2.71 2.59 0.02 -4.43 -9.85
S.080203 Industrial Gloves, Belts etc. of Leather 8.44 11.11 9.92 12.41 17.04 15.64 18.93 20.37 20.36 18.80 0.17 -7.66 9.83
Sub Total- Leather & Leather Products 16.78 16.64 13.54 15.92 19.73 18.96 21.61 22.96 23.67 22.00 0.20 -7.06 5.10
S.0803 Wood & Wooden Products
S.080301 Furniture & Seats 13.37 13.75 10.78 15.26 17.32 15.12 17.97 18.85 18.15 26.83 0.24 47.82 6.89
S.080302 Jewellery Boxes, Cloth Hangers and Handicraft 8.18 7.90 7.48 9.68 11.31 10.30 9.15 11.24 9.47 10.31 0.09 8.87 3.10
S.080304 Fuel Wood & Charcoal 0.82 0.16 0.79 0.36 0.41 0.65 0.43 0.38 0.46 0.57 0.01 23.91 0.98
S.080305 MDF Boards 28.21 25.28 9.66 20.89 27.54 30.50 30.58 25.14 19.59 15.98 0.14 -18.43 -0.53
S.080306 Plywood, Densified/Particle Boards 0.48 0.49 0.83 0.69 1.05 2.26 0.56 0.40 0.17 0.41 0.00 141.18 -7.45
S.080307 Builders Joinery, Flooring Panels 1.36 0.32 0.13 0.33 0.07 0.05 0.06 0.39 0.16 0.22 0.00 37.50 -12.69
S.080399 Other Wooden Products nes 6.71 7.50 5.63 6.31 7.51 6.10 5.34 7.44 7.27 5.80 0.05 -20.22 -0.51
Sub Total- Wood & Wooden Products 59.13 55.40 35.30 53.52 65.21 64.98 64.09 63.84 55.27 60.12 0.54 8.78 2.20
S.0804 Paper & Paper products
S.080401 Waste & Scrap of Paper /Paper Boards 15.33 19.07 13.12 19.38 29.41 24.79 26.37 32.90 31.73 32.04 0.29 0.98 9.42
S.080402 Stationery
S.08040201 Envelopes, Letter Cards, Post Cards 0.93 0.71 0.71 0.69 1.17 1.19 1.54 1.45 2.17 1.31 0.01 -39.63 10.28
S.08040202 Registers, Account Books, Diaries 3.58 3.25 3.47 2.69 2.44 2.53 2.78 2.45 1.65 2.36 0.02 43.03 -6.10
S.08040203 Labels Printed or Not 7.40 8.65 7.55 10.17 10.70 8.51 11.27 10.31 10.34 10.05 0.09 -2.80 3.42
S.08040301 Books & Printed Matter 5.83 7.11 6.92 11.38 11.20 32.53 7.40 7.52 6.81 5.40 0.05 -20.70 -0.4917
Sec. No. Product 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016%
Contribution
2015-2016
% Growth
2007-2016
Av. Growth
Value in Millions of US Dollars
S.08040302 Cartoons, Boxes & Bags 6.16 7.33 6.07 8.47 11.31 14.63 17.18 19.06 17.85 24.88 0.22 39.38 16.30
S.08040399 Other Paper Products nes 1.98 2.90 2.27 3.80 5.35 5.78 6.13 6.26 6.35 9.88 0.09 55.59 16.08
Sub-Sub Total- Stationery 25.88 29.95 26.99 37.20 42.17 65.17 46.30 47.05 45.17 53.88 0.48 19.28 8.08
Sub Total- Paper & Paper products 41.21 49.02 40.11 56.58 71.58 89.96 72.67 79.95 76.90 85.92 0.77 11.73 8.60
S.0805 Rubber Finished Products
S.080501 Rubber Plates, Sheets Rods of Vulcanized or Unhardened 10.91 10.14 12.21 17.21 39.25 59.65 54.83 47.76 32.54 21.63 0.19 -33.53 15.17
S.080502 Pneumatic & Retreated Rubber Tyres & Tubes 310.33 337.97 214.27 337.78 571.40 541.22 554.60 567.59 470.58 479.46 4.28 1.89 7.60
S.080503 Industrial & Surgical Gloves of Rubber 110.55 117.22 113.87 136.92 180.98 176.34 195.40 175.93 164.67 175.99 1.57 6.87 5.93
S.080504 Gaskets, Washers, Seals etc. of Hard Rubber 48.40 71.89 41.47 62.84 89.53 76.71 79.87 95.56 90.86 88.40 0.79 -2.71 7.15
S.080599 Other Rubber Products nes 2.72 2.69 2.50 2.06 2.99 2.76 2.72 2.57 2.27 2.21 0.02 -2.64 -1.33
Sub Total- Rubber Finished Products 482.91 539.91 384.32 556.81 884.15 856.68 887.42 889.41 760.92 767.69 6.85 0.89 7.36
S.0806 Chemical & Plastic Products
S.080601 Chemical Products
S.08060101 Inorganic Chemicals 12.23 11.88 6.39 11.11 13.31 12.40 9.74 11.99 9.82 8.17 0.07 -16.80 -1.38
S.08060102 Organic Chemicals 1.23 0.77 0.74 1.29 1.38 0.86 0.33 0.52 0.47 0.69 0.01 46.81 -9.13
S.08060103 Wadding Gauze, Bandages & Similar Pharmaceutical Articles 2.23 2.25 2.02 2.20 2.34 2.14 2.57 4.40 3.92 2.90 0.03 -26.02 6.37
S.08060104 Fertilizer 0.27 0.54 0.35 0.35 0.46 0.65 0.60 1.51 0.90 1.11 0.01 23.33 15.53
S.08060105 Paints, Varnishes and Dyeing Extracts 3.19 3.23 3.00 3.14 3.33 2.29 4.05 7.95 7.53 7.40 0.07 -1.73 11.37
S.08060106 Perfumes, Cosmetics, Shampoos & Makeup Preparations 5.30 6.04 6.32 9.56 9.82 7.15 5.79 8.18 9.46 7.08 0.06 -25.16 3.17
S.08060107 Soap, Washing Preparations, Waxes, Candles etc. 3.99 3.66 3.95 5.18 4.91 3.59 4.22 7.58 11.73 14.98 0.13 27.71 13.57
S.08060199 Other Chemical Products nes 6.30 3.76 3.32 4.64 6.88 6.25 6.64 5.47 6.42 6.20 0.06 -3.43 4.30
Sub- Sub Total- Chemical Products 34.74 32.13 26.09 37.47 42.43 35.33 33.94 47.60 50.25 48.53 0.43 -3.42 5.25
S.080602 Plastic Products
S.08060201 Starches, Glues, Enzymes 4.84 4.61 5.10 4.68 4.48 4.49 5.20 3.77 3.39 4.04 0.04 19.17 -3.03
S.08060202 Gloves, Mitts & Mittens 0.01 2.17 6.28 6.76 4.45 4.69 6.43 12.20 12.79 8.93 0.08 -30.18 50.10
S.08060203 Sacs & Bags of Plastics 32.11 32.26 21.58 25.29 31.42 28.90 30.06 35.49 31.83 31.54 0.28 -0.91 1.62
S.08060204 Other Products of Plastics nes 24.70 22.39 11.64 14.67 18.92 18.78 18.41 19.03 17.83 25.84 0.23 44.92 1.18
Sub-Sub Total- Plastic Products 61.66 61.43 44.60 51.40 59.27 56.86 60.10 70.49 65.84 70.35 0.63 6.85 2.65
Sub Total- Chemical & Plastic Products 96.40 93.56 70.69 88.87 101.70 92.19 94.04 118.09 116.09 118.88 1.06 2.40 3.66
S.0807 Non-Metallic Mineral Products
S.080701 Natural Sands
S.08070101 Silica & Quarts 4.41 5.80 3.93 4.99 5.73 8.62 9.63 10.44 8.67 10.00 0.09 15.34 10.58
S.08070102 Mica & Mica Waste 1.12 0.87 0.93 0.82 1.27 1.26 0.95 1.34 0.72 0.74 0.01 2.78 -1.68
S.08070103 Graphite 1.75 1.88 1.16 1.30 1.37 4.31 4.32 4.66 3.90 4.52 0.04 15.90 15.35
S.08070199 Other Natural Sands nes 6.03 4.70 3.43 7.13 9.01 0.94 2.03 1.54 1.75 3.10 0.03 77.14 -13.91
Sub-Sub Total- Natural Sands 13.31 13.25 9.45 14.24 17.38 15.13 16.93 17.98 15.04 18.36 0.16 22.07 4.47
S.080702 Articles of Stones
S.08070201 Worked Monumental Stones 16.11 6.92 3.60 5.66 18.11 16.74 16.45 17.88 16.47 17.11 0.15 3.89 10.76
S.08070299 Other Articles of Stones nes 1.22 1.13 1.26 1.13 4.35 6.50 8.32 11.63 11.45 12.74 0.11 11.27 33.25
Sub-Sub Total- Articles of Stones 17.33 8.05 4.86 6.79 22.46 23.24 24.77 29.51 27.92 29.85 0.27 6.91 16.08
S.080703 Ceramic & Porcelain Products
S.08070301 Wall Tiles 11.27 11.45 7.87 8.00 5.55 6.28 7.96 8.76 7.10 6.82 0.06 -3.94 -4.37
S.08070302 Tableware & Kitchenware 30.31 30.20 24.14 26.77 27.53 25.26 28.76 28.96 24.78 23.15 0.21 -6.58 -1.68
S.08070303 Ornaments 4.91 7.14 4.33 4.91 4.92 3.72 3.42 3.17 2.74 3.74 0.03 36.50 -7.31
S.08070399 Other Ceramic Products nes 0.36 0.21 0.13 0.26 0.33 0.45 0.30 0.43 0.54 0.69 0.01 27.78 11.69
Sub- Sub Total- Ceramic & Porcelain Products 46.85 49.00 36.47 39.94 38.33 35.71 40.44 41.32 35.16 34.40 0.31 -2.16 -2.73
S.080704 Other Non- Metallic Mineral Products
S.08070401 Glass & Glassware 4.16 6.57 13.54 12.21 16.48 14.60 29.59 25.91 26.25 15.97 0.14 -39.16 16.72
S.08070402 Mineral Sands 10.48 8.12 6.85 9.99 15.48 27.57 7.14 10.30 13.37 10.75 0.10 -19.60 3.23
S.08070403 Natural Salt 0.76 0.05 0.16 0.04 0.04 0.05 0.05 0.08 0.09 0.08 0.00 -11.11 -11.17
Sub- Sub Total- Other Non- Metallic Mineral Products 15.40 14.74 20.55 22.24 32.00 42.22 36.78 36.29 39.71 26.80 0.24 -32.51 10.0318
Sec. No. Product 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016%
Contribution
2015-2016
% Growth
2007-2016
Av. Growth
Value in Millions of US Dollars
Sub Total- Non-Metallic Mineral Products 92.89 85.04 71.33 83.21 110.17 116.30 118.92 125.10 117.83 109.41 0.98 -7.15 4.66
S.0808 Base Metal Products
S.080801 Structures of Iron & Aluminum 3.87 4.94 4.93 4.49 4.55 1.89 1.94 3.56 3.04 8.69 0.08 185.86 -0.68
S.080802 Standard Wire of Aluminum, Copper & Iron 3.96 6.45 7.49 16.24 12.11 10.01 4.96 3.39 5.84 10.56 0.09 80.82 0.25
S.080803 Nails, Screws, Bolts & Nuts of Metal 4.99 4.16 0.77 0.98 0.73 0.35 0.30 0.38 0.51 4.38 0.04 758.82 -14.38
S.080804 Refined Copper & Lead Alloys 42.99 22.01 7.41 16.86 13.22 11.16 18.43 13.62 11.00 13.25 0.12 20.45 -7.46
S.080805 Tools, Implements, Cutlery & Parts 4.13 4.93 3.10 8.98 11.67 13.23 6.91 8.67 7.46 7.62 0.07 2.14 7.81
S.080806 Scrap of Ferrous, Aluminum, Copper & Other Metals 1.64 2.41 1.11 1.19 1.70 4.19 1.82 1.07 1.61 3.31 0.03 105.59 3.32
S.080899 Other Products of Base Metal nes 19.22 12.15 11.30 14.50 12.28 15.30 25.02 31.76 26.35 41.77 0.37 58.52 11.78
Sub Total- Base Metal Products 80.80 57.05 36.11 63.24 56.26 56.13 59.38 62.45 55.81 89.58 0.80 60.51 2.01
S.0809 Engineering Products
S.080901 Electronic, Electrical & Machinery- Products & Parts
S.08090101 Electrical Transformers 43.80 47.49 31.87 56.20 43.65 32.42 39.54 34.31 42.09 32.48 0.29 -22.83 -2.74
S.08090102 Telephone Sets, Audio/Video Equipments & Parts 3.01 23.12 3.36 6.96 4.83 5.55 6.03 6.52 7.59 6.07 0.05 -20.03 0.94
S.08090103 Printed Circuits 55.92 29.98 12.10 23.31 28.68 26.49 16.93 10.91 6.86 5.13 0.05 -25.22 -20.23
S.08090104 Switches, Lamp Holders Boards & Panels 14.43 17.02 13.32 15.83 17.92 13.57 28.34 39.65 33.08 36.32 0.32 9.79 12.05
S.08090105 Discharge Lamps 60.89 44.82 29.96 40.28 55.65 45.53 34.16 45.79 41.67 45.30 0.40 8.71 -1.06
S.08090106 Electronic Circuits, Transistors, Valves, Cathode Tubes etc. 1.34 1.21 0.90 0.64 0.49 0.99 1.11 0.71 0.46 0.93 0.01 102.17 -5.36
S.08090107 Insulated Wires and Cables 47.75 54.57 35.62 48.97 53.07 56.87 53.82 55.04 45.10 53.36 0.48 18.31 1.33
S.08090108 Boilers, Piston Engines, Pumps & Vacuum Pumps 1.44 1.27 0.39 0.67 1.42 1.32 3.36 2.04 2.15 1.44 0.01 -33.02 10.14
S.08090109 Air-Condition Machines 3.30 0.62 0.01 ... ... 0.04 0.15 0.50 0.45 0.69 0.01 53.33 16.63
S.08090110 Refrigerators & Freezers 4.73 17.10 25.82 20.58 26.49 31.30 29.63 14.68 5.22 1.74 0.02 -66.67 -11.45
S.08090111 Tea Bagging, Packing, Cleaning, Weighing Machines 4.00 7.43 6.99 10.87 9.63 9.13 15.28 15.58 12.80 17.54 0.16 37.03 13.39
S.08090112 Automatic Data Processing Machines 24.75 7.89 3.77 0.54 0.23 0.24 1.14 1.56 1.73 3.54 0.03 104.62 -18.36
S.08090199 Other Electrical & Electronic Products nes 105.77 69.70 23.40 34.15 70.55 73.40 82.84 116.09 94.67 113.21 1.01 19.58 8.16
Sub- Sub Total- Electronic, Electrical & Machinery- Products 371.13 322.22 187.51 259.00 312.61 296.85 312.33 343.38 293.87 317.75 2.83 8.13 0.90
S.080902 Transport Equipment & parts
S.08090201 Motor Vehicles & Parts 28.99 19.60 5.75 8.73 13.29 13.69 16.05 13.43 10.61 11.11 0.10 4.71 -4.14
S.08090202 Bicycles Not Motorized 21.28 36.58 47.66 54.15 43.16 40.36 24.39 32.55 34.23 36.13 0.32 5.55 -0.04
S.08090299 Other Transport Equipments nes 14.12 20.96 8.69 11.13 10.14 45.04 9.69 10.71 10.20 10.94 0.10 7.25 -3.16
Sub- Sub Total- Transport Equipment & parts 64.39 77.14 62.10 74.01 66.59 99.09 50.13 56.69 55.04 58.18 0.52 5.70 -2.72
S.080903 Other Engineering Products
S.08090301 Boat Building 37.34 21.54 57.81 58.53 149.25 56.59 82.00 86.26 181.61 64.76 0.58 -64.34 13.29
S.08090302 Aircrafts & Parts 49.01 8.85 6.94 11.33 9.16 9.08 14.17 8.38 6.99 8.42 0.08 20.46 -9.64
S.08090303 Toys Games & Sport Requisites 39.11 42.08 38.02 45.16 49.74 55.50 62.50 68.40 65.72 65.58 0.59 -0.21 7.15
S.08090304 Metal Furniture & Seats 3.79 5.41 4.82 5.49 3.38 3.00 3.42 5.19 5.05 6.12 0.05 21.19 1.61
Sub- Sub Total- Other Engineering Products 129.25 77.88 107.59 120.51 211.53 124.17 162.09 168.23 259.37 144.88 1.29 -44.14 7.29
Sub Total-Engineering Products 564.77 477.24 357.20 453.52 590.73 520.11 524.55 568.30 608.28 520.81 4.65 -14.38 2.18
S.0810 Footwear 24.11 21.63 17.22 19.73 16.71 12.24 29.27 86.57 86.31 117.63 1.05 36.29 19.94
S.0811 Other Manufactures
S.081101 Mattresses & Mattress Supporters 9.83 11.45 5.17 6.01 6.78 6.07 5.41 5.16 5.16 9.65 0.09 87.02 -3.75
S.081102 Brooms & Brusher of Other Fibers 17.20 19.71 16.83 17.46 19.70 17.91 19.58 24.37 23.50 26.70 0.24 13.62 4.42
S.081103 Buttons, Studs, Fasteners & Similar Products 1.37 1.76 1.52 1.35 1.93 1.59 1.68 1.40 1.10 1.62 0.01 47.27 -1.02
S.081104 Synthetic Rubber 0.07 1.44 0.21 0.19 0.05 0.01 0.05 0.05 - - - - -59.62
S.081199 Other Manufactures nes 55.99 56.45 44.95 54.51 69.93 62.32 62.51 74.80 72.81 25.25 0.23 -65.32 4.07
Sub Total- Other Manufactures 84.46 90.81 68.68 79.52 98.39 87.90 89.23 105.78 102.57 63.22 0.56 -38.36 3.34
Total- Manufacturing Products 1878.53 1744.67 1297.64 1758.05 2422.19 2275.39 2239.43 2439.55 2305.84 2382.43 21.25 3.32 4.90
S.09 Petroleum Products 168.00 255.00 130.00 263.00 553.00 463.00 428.00 369.59 373.90 286.90 2.56 -23.27 56.30
S.10 Products Unclassified 67.45 31.93 60.94 435.70 231.58 58.08 72.73 54.85 88.69 1.26 0.01 -98.58 -23.9719
Sec. No. Product 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016%
Contribution
2015-2016
% Growth
2007-2016
Av. Growth
Value in Millions of US Dollars
Total Merchindise Exports 7639.99 8111.05 7084.00 8625.72 10558.80 9773.59 10394.34 11130.09 10546.50 10309.70 91.97 -2.25 4.12
S.11 Communication, Computer & Information Technology 244.00 311.00 325.00 348.00 440.00 673.00 719.00 748.00 847.00 900.00 8.03 6.26 15.47
Grand Total 7883.99 8422.05 7409.00 8973.72 10998.80 10446.59 11113.34 11878.09 11393.50 11209.70 100.00 -1.61 4.99
- Indicates Export value, % Growth is insignificant.
Sources: Sri Lanka Customs / Central bank of Sri Lanka / Sri Lanka Export Development Board
20
EASL Annual Report 2016/2017 Page 33
EXPORTERS’ ASSOCIATION OF SRI LANKA
FINANCE STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2017