The Democratic Socialist Republic of Sri Lanka is one of the globally thriving economies of the world with an import trade value of 21 billion US dollars in 2023. The import trade rate of the nation has recorded itself as the 84th largest importer among all other global trade holders. The nation’s land area of 65,610 square kilometers leads to the Bay of Bengal from the Indian Peninsula towards the Gulf of Mannar and the Palk Strait. The rising demands of the 21 million people residing in the region is one of the attributing factors accompanying the Srilankan imports along with the increased government investments.
The globally thriving economy of the nation majorly relies on the agricultural trades, the main traded products include tea, rubber, and precious mined stones. The relatively strong output of the agricultural trades along with the tremendous growth rate of the tourism sector and well-developed infrastructure has contributed to an increased GDP of more than 100 billion US dollars for the first time in 2023. The three main geographical regions of the nation the central highlands, the lowland plains, and the coastal areas account for the majority of the production of agricultural trades says the Sri Lanka Customs Data.
