Total export of ships, boats and floating structures amounted to US$ 65million in 2016. The highest contribution in exports is derived from “Vessels for the transport of goods and passengers” which reflects an annual average value of about 78% of the total export value. Sri Lanka has a proven capacity in building the following classes of ships and boats for the export market, as illustrated in the two graphs below.
The main export destinations for ships and boats have been India, UAE, Seychelles, Netherlands, UK, Norway, Maldives, France, Singapore, Comoros, Somalia, Nigeria and Mauritius. Export destinations for boats also include Bangladesh, Iran, Yemen, Gambia and Pakistan.
India (58%) and Singapore (36%), comprise the major markets with an aggregate average share of around 94% of the total exports during the last five years.