What are the main export markets for Sri Lanka Coconut & Coconut-based Products?

Sri Lanka is one of the world’s leading producers of coconuts, and the country’s coconut and coconut-based products industry is a significant contributor to the country’s economy. In this article, we will explore the main export markets for Sri Lanka’s coconut and coconut-based products.

The main export market for Sri Lanka’s coconut-based products in India. According to the Coconut Development Authority of Sri Lanka, India is the largest market for Sri Lankan coconut-based products, accounting for around 40% of total exports. The main products exported to India are fresh coconuts and desiccated coconut. The two countries share a long-standing trade relationship, and India’s large population and growing demand for coconut-based products make it an attractive market for Sri Lankan exporters.

Another major export market for Sri Lanka’s coconut-based products in Pakistan. According to the Department of Commerce, Pakistan is the second-largest market for Sri Lankan coconut-based products, accounting for around 20% of total exports. The main products exported to Pakistan are fresh coconuts and coconut oil. Pakistan’s large population and growing demand for coconut-based products make it an attractive market for Sri Lankan exporters.

Another important market for Sri Lanka’s coconut-based products in Saudi Arabia. The country is one of the largest importers of coconut-based products in the Middle East and accounts for around 10% of total exports. The main products exported to Saudi Arabia are fresh coconuts and desiccated coconut. The country’s large population and growing demand for coconut-based products make it an attractive market for Sri Lankan exporters.

Other important export markets for Sri Lanka’s coconut-based products include the United Arab Emirates, the United States, and the United Kingdom. The UAE is a major importer of coconut-based products in the Middle East and accounts for around 5% of total exports. The United States is also a significant market for Sri Lanka’s coconut-based products, particularly for coconut oil and other value-added products. The United Kingdom is also a significant market for Sri Lanka’s coconut-based products, particularly for organic and fair trade products.

In conclusion, the main export markets for Sri Lanka’s coconut and coconut-based products are India, Pakistan, and Saudi Arabia. These countries account for the majority of exports, but other important markets include the United Arab Emirates, the United States, and the United Kingdom. The growing demand for coconut-based products in these markets presents significant opportunities for the industry in Sri Lanka to grow and increase revenue.

Notes:

• The main export markets for Sri Lanka’s coconut and coconut-based products are India, Pakistan, and Saudi Arabia.
• These countries account for the majority of exports, with India being the largest market.