Sri Lanka is currently one of the most biodiverse nations of the entire world accounting for the majority of agricultural exports accompanying the industrial ones. The nation's globally thriving export industry can be attributed to its coastline with the Indian Ocean, rising consumer demand, and increased government investment rates. The country has an overall population of around 22 million among which the majority practice Sinhala and Tamil as their official language followed by some other native languages. The rapidly evolving industries of the nation have recorded a total export trade value of 11 billion US dollars in 2023 making it record a rank of 71 among all the other global trade holders.
Apart from the trade rate the country has gained stability because of its textiles and garments industry accounting for more than half of the total export trade value of the nation in 2023. The rapid industrial growth of the industrial and agricultural sectors altogether has recorded a GDP of 100 billion US dollars in 2023 representing an impactful boost in both the trade rates. The better trade agreements of the nation and the strategic geographical location make it an ideal destination for exports says the Sri Lanka Customs Data.