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Japan, traditionally Sri Lanka's largest supplier, was its fourth-largest in 2002 with exports of $355 million. Other important suppliers include Hong Kong, Singapore, Taiwan, and South Korea. The United States is the 10th-largest supplier to Sri Lanka; US imports amounted to $218 million in 2002, according to Central Bank trade data.
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
In Sri Lanka many farmers depend on animal husbandry for their livelihood, but not a large proportion. Therefore, many livestock products have to be imported. The main livestock products in Sri Lanka are milk, meat and eggs. Hides, wools and other products are still not produced within the country.
This is a list of countries by imports, based on the International Trade Centre, [1] except for the European Union. By merchandise imports ... Sri Lanka: 17,301
Sri Lanka Customs (Sinhala: ශ්රී ලංකා රේගුව, romanized: Shri Lanka Reguwa, Tamil: இலங்கை சுங்கச் சாவடி) is a ministerial government department in Sri Lanka. The main functions of the department are, Collection of revenue; Prevention of revenue leakages and other frauds
The annual per capita consumption of sugar in Sri Lanka is around 30 kg (66 lb) and the total annual requirement of sugar in the country is around 550,000 tons. In 2012, the country only produced 42,940 tons and imported 593,870 tons, [ 2 ] with only approximately 7% of the annual requirement produced locally.
In 2007 a two-way trade agreement was created between Australia and Sri Lanka valued at $232 million a year. The trade agreement includes exports from Australia such as vegetables and dairy products. Tea and other foods, textiles, clothing, rubber, iron and steel which are the main imports from Sri Lanka.
In 2015 alone, Sri Lanka’s spice exports amounted to USD 377 million, up from USD 264 million the previous year. Sri Lanka’s most famous export, cinnamon is the island’s premier spice export. Industry insiders classify the spice into two forms, Ceylon cinnamon (Cinnamomum Zeylanicum), and Cassia Cinnamon. Ceylon cinnamon is the costlier ...