What are the main export markets for Sri Lanka’s Rubber and Rubber based product Industry?

Sri Lanka is one of the world’s leading producers and exporters of rubber and rubber-based products, with a total export value of over $1 billion in 2019. The country’s rubber and rubber-based products are exported to a wide range of countries, with the main markets being the European Union, the United States, and Japan.

The European Union is Sri Lanka’s largest export market for rubber and rubber-based products, accounting for over 30% of the country’s total exports. The main countries that import rubber and rubber-based products from Sri Lanka in the EU are Germany, the United Kingdom, Italy, and France. This is due to the high demand for rubber products in these countries, such as tires, hoses, and seals, for various industrial and consumer applications.

The United States is the second-largest export market for Sri Lanka’s rubber and rubber-based products, accounting for over 20% of the country’s total exports. This is due to the high demand for rubber products in the US, such as tires, seals, and hoses, for the automotive, construction, and aerospace industries.

Japan is the third-largest export market for Sri Lanka’s rubber and rubber-based products, accounting for over 10% of the country’s total exports. This is due to the high demand for rubber products in Japan, such as tires, seals, and hoses, for the automotive and construction industries. Japan is also a major market for Sri Lanka’s natural rubber, which is used in various industrial applications such as manufacturing of tires and other rubber products.

In addition to these main markets, Sri Lanka’s rubber and rubber-based products are also exported to other countries such as China, India, and South Korea. These countries have a strong demand for rubber and rubber-based products for various industrial and consumer applications.

In conclusion, the main export markets for Sri Lanka’s rubber and rubber-based product industry are the European Union, the United States, and Japan. These countries have a high demand for rubber products, such as tires, hoses, and seals, for various industrial and consumer applications.

Note:

• The European Union is Sri Lanka’s largest export market for rubber and rubber-based products, accounting for over 30% of the country’s total exports.
• The United States is the second-largest export market for Sri Lanka’s rubber and rubber-based products, accounting for over 20% of the country’s total exports.
• Japan is the third-largest export market for Sri Lanka’s rubber and rubber-based products, accounting for over 10% of the country’s total exports.
• Sri Lanka’s rubber and rubber-based products are also exported to other countries such as China, India, and South Korea.