India and Sri Lanka enjoy a vibrant and growing economic and commercial partnership, which has witnessed considerable expansion over the years. The entry into force of the India-Sri Lanka Free Trade Agreement (ISFTA) in 2000 contributed significantly towards the expansion of trade between the two countries.
India has traditionally been among Sri Lanka’s largest trade partners and Sri Lanka remains among the largest trade partners of India in the SAARC. India was Sri Lanka’s largest trading partner with an overall bilateral merchandise trade of US$ 5.45 billion in 2021. Merchandise trade between India and Sri Lanka stood at US$ 3.6 billion in 2020. The significant increase (about 48 %) in bilateral trade in 2021 as compared to 2020 reflects the deepening of the comprehensive commercial engagement between India and Sri Lanka. Interestingly, only about 5% of India’s total exports to Sri Lanka in the past few years have used the ISFTA provisions, thereby indicating their overall competitiveness in the Sri Lankan market.
Sri Lanka is the highest user of agro-chemicals in the world. It uses 287 units of agro-chemicals per hectare. There is a growth in exports of Herbicides, Weedicides, Herbicides from India to Sri Lanka.
The exports of top 15 products to Sri Lanka for the last 3 years with Quantity in Metric Tons and amount in USD is attached for your ready reference. Request you to kindly go through it and similar Organic products can be replaced with the Chemical products as the maximum imports by Sri Lanka is Agri and Bio Inputs.
Whether you're a seasoned industry leader or a pioneering entrepreneur in the field of Organic Agrochemicals or farm technology,