Sri Lanka’s Rubber and Rubber based product industry Impacting Export Industry?

Sri Lanka’s rubber and rubber-based product industry is a vital sector that has a significant impact on the country’s export industry. The industry is primarily focused on the production of natural rubber, which is grown on plantations across the island. Sri Lanka is one of the world’s leading producers of natural rubber, and the industry employs over one million people, making it a significant source of employment in the country.

The rubber and rubber-based products industry in Sri Lanka is a major contributor to the country’s exports. Rubber products such as gloves, tires, and other rubber-based accessories are significant contributors to the exports of rubber-based products. The exports of rubber-based products are valued at billions of dollars, making them a significant contributor to the country’s economy.

The rubber industry in Sri Lanka is primarily focused on the production of three types of rubber: Latex, Ribbed Smoked Sheet (RSS), and Crepe. Latex is the most commonly produced type of rubber in Sri Lanka, accounting for around 70% of total rubber production. RSS and Crepe rubber are also produced in significant quantities, with RSS accounting for around 25% of total production and Crepe accounting for the remaining 5%.

Sri Lanka’s rubber and rubber-based product industry also export a wide range of other rubber-based accessories. These include rubber seals, gaskets, and hoses, which are used in a variety of industrial and commercial applications. These exports are also valued in billions of dollars, making it a significant contributor to the country’s export industry.

In conclusion, Sri Lanka’s rubber and rubber-based product industry is a vital sector that has a significant impact on the country’s export industry. The industry is primarily focused on the production of natural rubber, and it employs over one million people. Rubber products such as gloves, tires, and other rubber-based accessories are significant contributors to the exports of rubber-based products, which are valued at billions of dollars, making it a significant contributor to the country’s economy. The exports of other rubber-based accessories such as seals, gaskets, and hoses are also valued at billions of dollars, making it a significant contributor to the country’s export industry.

Key takeaways:

• The rubber and rubber-based product industry in Sri Lanka is a significant contributor to the country’s export industry.
• Rubber products such as gloves, tires, and other rubber-based accessories are significant contributors to the exports of rubber-based products from Sri Lanka.
• The industry primarily produces latex, ribbed smoked sheet (RSS) and crepe rubber.
• Sri Lanka also exports other rubber-based accessories such as seals, gaskets and hoses.
• Exports of rubber-based products are valued in billions of dollars, making it a significant contributor to the country’s economy.