The performance of Export in Sri Lanka

Abstract

Exports are the goods and services that are made in one country and transmitted to foreigners. When consider about the Sri Lankan economy, Export is playing a major role with international trade. Since 1977, Sri Lankan Closed economy had move to the Open economy and began to deals with the international trade. Considering Sri Lanka’s export markets, a few important trends are visible. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. Main export partners are United States, United Kindom, Germany, Belgium and Italy. According to annual report of Central bank, Sri Lanka, the country’s export performance during the four decades that have ensued has been disappointing. But in September of 2016, the exports in Sri Lanka increased 5.7 percent year-on-year to USD Million. The purpose of this paper is to present exposition and explanation of the performance of Export in Sri Lanka. And it is expected to discuss how exports effect for the Sri Lankan economy. We referred secondary data such as Central bank reports, Magazines, and internet for this analysis.