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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 variety and is considered to be a much more upmarket product by those in the West.
In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was slightly reduced to 338 million kg. [ 3 ]
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
A box of 100% Pure Ceylon Tea sold in Japan. In order for the Lion Logo to appear on a tea pack, it must meet four criteria. The logo should only appear on a consumer pack, the pack should contain 100 percent pure Ceylon tea, it should be packed in Sri Lanka, and the brand should conform to the quality standards set out by the Sri Lanka Tea Board. [4]
The United States is the main importer of textile goods from Sri Lanka, accounting for 76% of total exports from Sri Lanka. As of 2009, Sri Lanka ranked 12th among apparel exporters to the United States in terms of value. [15] Sri Lanka's partnership was advanced in 2000 in part by setting up logistics centres at key US ports to smooth the ...
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. The balance requirement has to be ...
Dilmah Ceylon Tea Company PLC, trading as Dilmah, is a Sri Lankan beverage company that is headquartered in Peliyagoda, Western Province, Sri Lanka. While MJF Teas is the parent company of Dilmah, MJF Holdings is the ultimate parent. The company is best known for its brand of Ceylon tea, sold internationally.
Ceylon Tobacco Company PLC (CTC) is a Sri Lankan tobacco company engaged in the manufacture, marketing and export of cigarettes. [2] It is a subsidiary of British American Tobacco. [3] [4] CTC holds the monopoly of cigarette and tobacco sales in Sri Lanka. British Tobacco started selling cigarettes in 1904-1911.