Sea Food Industry is one of the industries which had become one of the great income generators for Sri Lanka. Sri Lanka having being an island blessed with a sea bed around the whole country has many varieties of fish which can be processed and exported to foreign countries.
Sea food exports comprises of many suppliers in Sri Lanka specially in the coastal belt of the country. The major exports of the country is done by few major exporters each specializing in one or two areas as shark fins, cut and clean crabs and crab meat, prawns, cuttle fish etc… The main markets for which Sri Lanka exports its production are the markets of Japan, USA and Europe.
Even though the exports of Sri Lanka generates good amount of i
ncome to the country there are a lot of other areas to which the country can specialize in such as the value added products specially to the up market client-tele in the European counties. The other countries specialize in this trade are the countries such as India, China, Thaiwan, Vietnam ect. but Sri Lanka holds a crucial competitive advantage over them in terms of the location advantage. In addition to that the quality maintained by the operators who supply the processed sea food to the foreign countries can be easily outclass any other competitor in the region. But the lack of interest and the support given by all the governments which ruled the country has resulted in the lack of technological adaptation in the country for this industry which the other competing countries have capitalized on. Due to these reasons if the countries governing bodies looks into these areas and try to get the right acts together Sri Lanka and its sea food processing suppliers can give Sri Lanka a big sum of Foreign Exchange and employment opportunities for many of the youth in the country in a very short period.
ncome to the country there are a lot of other areas to which the country can specialize in such as the value added products specially to the up market client-tele in the European counties. The other countries specialize in this trade are the countries such as 
2 Comments:
Sri Lanka total exports volume is 600 billion where 300 billion is garments, 150 billion is tea. But if you look at the garment sector 97% of the raw material is imported. So i feel tea industry is number 1 and sea food industry can be ranked 2 in terms of the total net profit. But this demand can be increased if Sri Lanka can create an image, that they have overcome the white spot disease. Because only the prawns total voulume of exports is 2 billion per annum. Sri lanka's main competitor in this industry is india but she has to pay a 15% duty when exporting to states whereas sri lanka enjoys that duty advantage if we can get their buyers and produce at a lesser price with good quality our foreign exchange inflow will increase.
i agree with u manesh... true since we are in an island surrended with a rich marine life, we an always focus on improving our fisheries.. we can leverage our selves in exporting final sea food products to the world market.
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