Sri Lanka’s export sector has continued to show resilience, with total exports surpassing US$ 7.3 billion in the first five months of 2026, according to the Export Development Board of Sri Lanka (EDB).

Combined merchandise and services exports reached an estimated US$ 7,393.39 million between January and May, marking a 7.56% year‑on‑year growth compared to the same period in 2025, underscoring the sector’s sustained momentum. 

Further analysis indicates that cumulative merchandise export earnings for the period January to May 2026 amounted to US$ 5,758.44 million, reflecting a 7.63% increase compared to the same period in 2025, highlighting steady performance across key export categories.

Meanwhile, services exports continued their upward trajectory, recording an estimated 7.31% growth during the cumulative January–May period to reach US$ 1,634.95 million, further reinforcing the sector’s expanding contribution to Sri Lanka’s overall export earnings.

According to provisional data released by Sri Lanka Customs, supplemented by estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports in May 2026 amounted to US$ 1,223.49 million, reflecting a significant 18.25% increase compared to May 2025.

The services export sector continued its positive contribution to Sri Lanka’s export earnings, generating an estimated US$ 347.15 million in May 2026, an increase of 18.67% compared to the same period last year. The continued expansion of services exports highlights the growing importance of this sector in strengthening Sri Lanka’s overall export performance and foreign exchange earnings.

In total, Sri Lanka’s exports for May 2026 reached US$ 1,570.64 million, recording an impressive 18.34% year-on-year growth compared to May 2025. The broad-based growth across merchandise and services sectors reflects the improving competitiveness and adaptability of Sri Lankan exporters amid evolving global market conditions.

The broad-based expansion across both merchandise and services sectors reflects the improving competitiveness and adaptability of Sri Lankan exporters amid evolving global market conditions. Overall performance during the first five months of 2026 underscores the resilience of Sri Lanka’s external sector and its steady progress towards sustainable export-led economic growth.

This continued expansion also highlights the growing importance of Sri Lanka’s knowledge-based economy. The services sector, encompassing ICT/BPM, construction, financial services, and transport and logistics, is playing an increasingly vital role in diversifying the export base, enhancing value addition, and generating high-skilled employment opportunities across the economy.

“Sri Lanka’s export sector has demonstrated strong resilience and sustained growth momentum in 2026, surpassing the US$ 7 billion milestone within the first five months of the year. The estimated export earnings of US$ 7,393.39 million, recording a 7.56% growth compared to the corresponding period in 2025, reflect the strength, adaptability, and determination of Sri Lankan exporters. The outstanding performance in May 2026, with total exports reaching US$ 1,570.64 million and achieving an 18.34% year-on-year growth, further highlights the positive trajectory of the country’s export sector, supported by the steady performance of both merchandise and services exports.

The launch of the National Export Development Plan (NEDP) 2026–2030 marks a significant milestone in Sri Lanka’s journey towards building a more competitive, diversified, and sustainable export economy. The continued growth in merchandise exports and the expanding contribution of services exports demonstrate the potential of Sri Lanka’s export ecosystem. Through the strategic implementation of the newly launched NEDP, strengthening market access, promoting innovation, and enhancing exporter capabilities, the EDB is committed to supporting Sri Lankan businesses in achieving higher export growth and advancing the country’s vision of becoming a globally competitive export hub,” Mangala Wijesinghe, Chairman and Chief Executive Officer of the EDB, said, commenting on the export performance in May 2026.

Major Exports in May 2026

1. Products and Services with Positive Growth (Increases)

The Apparel & Textiles sector continued its positive performance in May 2026, with export earnings increasing by 6.66% year-on-year to reach US$ 414.72 million. This growth was primarily supported by a notable 14.51% increase in exports to the United States, which remained a key market contributing to the sector’s overall expansion. The performance reflects the continued resilience, competitiveness, and global positioning of Sri Lanka’s apparel industry.

The Coconut-based Products sector recorded a strong performance in May 2026, with export earnings increasing by 17.13% compared to May 2025. All major product segments within the sector recorded positive growth, with Coconut Kernel products, Coconut Fibre products, and Coconut Shell products increasing by 6.13%, 32.95%, and 29.18%, respectively. This growth reflects sustained international demand, improved value addition, and the sector’s ability to cater to evolving global market requirements.

Within the Coconut Kernel products category, export earnings from Coconut Oil and Liquid Coconut Milk increased by 22.99% and 18.53%, respectively, compared to May 2025, contributing significantly to the sector’s overall performance. Meanwhile, Coconut Fibre-based products such as Coco Peat, Fibre Pith, and Moulded Products, which represent major contributors to Sri Lanka’s coconut-based exports, recorded a notable growth of 21.7% to reach US$ 22.83 million in May 2026. This performance highlights the growing global demand for Sri Lanka’s environmentally sustainable and value-added coconut fibre products.

Similarly, Activated Carbon, a key value-added product derived from coconut shells, recorded a significant growth of 22.78% to reach US$ 20.05 million in May 2026, further demonstrating the increasing contribution of high-value coconut-based exports to national export earnings.

Export earnings from Rubber and Rubber-Based Products increased by 24.31% year-on-year to reach US$ 91.49 million in May 2026, supported by improved performance across key product segments. In particular, exports of Industrial and Surgical Rubber Gloves recorded a significant growth of 17.5%, contributing positively to the sector’s overall expansion.

The Food & Beverages sector also maintained strong growth momentum, recording a 12.02% year-on-year increase to reach US$ 55.44 million in May 2026. This growth was largely driven by processed food exports, which account for nearly half of the sector’s total export earnings and recorded a 13.25% increase, reflecting rising global demand for Sri Lanka’s value-added food products.

The Electrical and Electronic Components sector recorded exceptional growth, with export earnings increasing by 79.77% to reach US$ 68.35 million in May 2026. This performance was mainly supported by a significant increase in Insulated Wires and Cables exports, which grew by 135.07% compared to May 2025, highlighting the sector’s expanding potential in global supply chains.

Exports of Mineral and Mineral-Based Products increased by 25.19% during May 2026, supported by improved demand in international markets. Meanwhile, the Diamonds, Gems & Jewellery sector is estimated to have recorded a notable growth of 11.63%, reaching US$ 38.29 million during the same period.

In addition, ornamental fish exports recorded a positive performance, increasing by 16.28% year-on-year to reach US$ 1.0 million in May 2026, further contributing to the diversification of Sri Lanka’s export portfolio.

On the services export front, ICT/BPM exports are estimated to have maintained steady growth, reaching US$ 158.21 million in May 2026. The continued expansion of this knowledge-intensive sector highlights the resilience of Sri Lanka’s services-driven economy and its increasing contribution to overall export earnings, while reinforcing the country’s position as an emerging destination for technology-enabled services.

Products with Negative Growth (Decreases)

Tea export earnings recorded a marginal decline of 1.12% year-on-year, reaching US$ 130.33 million in May 2026, mainly due to a slight reduction in earnings from Tea Packets, which declined by 1.32%. The decline was primarily attributed to lower export performance in key markets, particularly in the Middle East region, where exports decreased by 42.32%. Within this region, shipments to the United Arab Emirates, Iran, and Iraq recorded significant declines of 76.92%, 82.23%, and 61.43%, respectively. Despite these challenges, Sri Lanka’s tea sector continues to remain a key contributor to export earnings, supported by its strong global reputation and established market presence.

Exports of Spices and Essential Oils declined marginally by 2.51% to reach US$ 29.87 million in May 2026, primarily driven by the weak performance of Pepper exports, which recorded a significant contraction of 33.69% during the month.

Seafood exports also recorded a notable decline of 10.32% year-on-year, amounting to US$ 12.16 million in May 2026. The contraction was largely driven by reduced performance in key product categories, particularly frozen fish exports, which declined by 14.81%, reflecting weaker demand conditions in selected international markets.

Exports during the period of January – May 2026

Cumulative export performance during January–May 2026 remained positive, with total exports reaching US$ 7,393.39 million, reflecting a 7.56% year-on-year growth. Merchandise exports increased by 7.63% to an estimated US$ 5,758.44 million, supported by key sectors including Gems & Jewellery and Petroleum Products, while services exports grew by 7.31% to US$ 1,634.95 million. The steady expansion across both merchandise and services segments highlights broad-based resilience within the export sector. Overall, the performance underscores the strengthening contribution of services exports to Sri Lanka’s export earnings and the continued stability of the external sector.

1. Products & Services with Positive Growth (Increases)

Cumulative export earnings from key sectors recorded strong growth during the first five months of 2026, with Coconut-based products, Rubber-based products, Processed Food & Beverages, and Electrical & Electronic Components increasing by 20.45%, 4.84%, 26.63%, and 51.79% respectively compared to the corresponding period in 2025.

Export earnings from Coconut-based products increased significantly by 20.45% to US$ 515.17 million, supported by broad-based growth across all major categories, including Coconut Kernel products (15.29%), Fibre products (11.19%), and Shell products (49.89%). This performance was driven by strong demand for value-added products such as Coconut Oil (26.10%), Desiccated Coconut (30.47%), Coconut Cream (15.86%), Liquid Coconut Milk (12.5%), and Activated Carbon (45.53%), reflecting continued global demand and increased value addition within the sector.

The Rubber sector generated export earnings of US$ 404.7 million, reflecting a 4.84% increase, largely driven by improved performance in Pneumatic and Retreaded Rubber Tyres and Tubes, which recorded growth of 7.62%.

Export earnings from Food & Beverages increased by 26.63 % year-on-year to US$ 293.16 million during the period January to May 2026, supported by strong performance in processed food exports, which grew by 49.32 % to reach US$ 141.14 million.

Meanwhile, Electrical and Electronic Components (EEC) exports surged by 51.79% to US$ 253.88 million, supported by strong performance in Electrical Transformers (43.84%), Insulated Wires and Cables (58.08%), and Switches, Boards & Panels (21.64%). 

Seafood exports also grew by 19.2% to US$ 105.49 million, driven by higher exports of frozen fish (13.3%) and fresh fish (46.69%), reflecting improved volumes and stronger international demand.

In addition, ICT exports are estimated to have increased by 21.74% to US$ 751.53 million during the period, highlighting the continued expansion of Sri Lanka’s digital and knowledge-based economy and its growing contribution to overall export earnings.

Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles declined by 4.84% to US$ 2,033.39 million during January–May 2026 compared to the corresponding period in 2025. The contraction was primarily driven by subdued demand in key export markets, particularly the United States and the European Union, which together account for more than 50% of the sector’s total exports. During the period, exports to the United States decreased by 2.13%, while shipments to the European Union and the United Kingdom declined by 6.25% and 7.95%, respectively, contributing to the overall downturn in the sector.

Tea export earnings also recorded a decline of 4.62% year-on-year, reaching US$ 581.91 million during the same period. This reduction was mainly attributed to weaker performance in key product categories, with Bulk Tea exports falling by 6.97% and Tea Packet exports decreasing by 5.04% compared to the corresponding period in 2025.

In addition, export earnings from Spices and Essential Oils declined by 3.28% to US$ 167.95 million during January–May 2026. This decrease was largely driven by the sharp contraction in Pepper exports, which fell by 45.56%, significantly affecting overall sector performance. Notably, Pepper exports to India declined by 52.58% during the period, further contributing to the downturn in this segment.

Table 1 shows a comparative analysis of merchandise export performance for May 2025–2026, along with the cumulative figures for the January–May period.

Sri Lanka’s Export Performance in Major Markets

Among the top fifteen export markets, several key destinations including the USA, India, Italy, China, Australia, Belgium, Turkey, Japan, and Mexico recorded positive year-on-year growth in both May 2026 and cumulatively for the January–May period, reflecting emerging resilience across major international markets.

The United States, Sri Lanka’s largest single export destination accounting for approximately 22% of total merchandise exports, recorded a strong year-on-year increase of 10.87% to US$ 240.23 million in May 2026. Meanwhile, cumulative exports for January–May 2026 reflected a marginal increase of 0.28%, reaching US$ 1,185.99 million compared to the corresponding period in 2025, indicating stable but relatively subdued overall growth in exports to the US market.

India strengthened its position as Sri Lanka’s second-largest export destination, surpassing the United Kingdom, with cumulative exports increasing by 7.95% to US$ 442.33 million during January–May 2026. In May 2026, exports to India also recorded a positive year-on-year growth of 3.78%. In contrast, exports to the United Kingdom increased modestly by 3.51% to US$ 70.77 million in May 2026, while cumulative exports declined by 5.96% over the January–May period compared to 2025.

The United Arab Emirates (UAE), one of Sri Lanka’s key export destinations, recorded a notable increase of 35.54% in export earnings in May 2026, reflecting a positive recovery in monthly trade performance. Meanwhile, cumulative exports to the UAE during January–May 2026 declined by 6.27% compared to the corresponding period in 2025. This variation reflects short-term fluctuations in export patterns, influenced by evolving regional market conditions and broader external factors affecting trade flows in the Gulf region.

Turkey recorded exceptional growth of 187.56% in May 2026, reaching US$ 30.74 million, while cumulative exports for January–May 2026 also increased significantly by 106.28% year-on-year, reflecting a strong expansion in bilateral trade performance.

Notably, exports of Tea to Turkey surged by 235.35% in May 2026, while cumulative tea exports for the January–May period increased by 150.17%, highlighting a sharp upward trend in demand for Sri Lankan tea in this market.

Table 2 shows a comparative analysis of merchandise export performance across the top 15 export markets for May 2025–2026, along with the cumulative figures for the January– May period.

Exports to FTA Partners (India & Pakistan)

1. May 2026

Exports to India and Pakistan collectively accounted for 8.74% of Sri Lanka’s total merchandise exports in May 2026, amounting to US$ 85.07 million, reflecting a year-on-year growth of 5.27%.

Exports to India increased by 3.78% to US$ 78.18 million, mainly driven by higher demand for base metal products. In parallel, exports to Pakistan grew significantly by 25.73% to US$ 6.89 million, supported by increased shipments of other articles of stone and desiccated coconut.

2. January – May 2026

During the cumulative period January–May 2026, exports to India recorded a notable increase of 7.95%, reaching US$ 442.33 million, primarily driven by higher exports of petroleum oils, animal feed, and base metal products.

Meanwhile, exports to Pakistan grew strongly by 35.45% to US$ 38.67 million, supported by improved performance in other textile articles, betel leaves, desiccated coconut, and other articles of stone.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region wise exports for May 2025 – 2026, along with the cumulative figures for the January–May period.

Table 3: Comparison of Region wise Merchandise Export Performance

Exports to the European Union (EU), which represent 25.5% of Sri Lanka’s total merchandise exports, increased by 6.62 % in May 2026. Similarly, during the cumulative period from January to May 2026, increased by 13.36 %.

Exports to the top five EU markets were recoded as; Italy US$ 282.9 Mn (increased by 10.18 %), Germany US$ 274.98 Mn (decreased by 1.2 %), Netherlands US$ 174.67 Mn (decreased by 2.56 %), France US$ 108.89 Mn (increased by 1.09 %) and Belgium US$ 100.83 Mn (increased by 7.49 %) during the cumulative period of January to May 2026 in comparison to the corresponding period in 2025. (Newswire)

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Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,467.31 million in March 2026, reflecting a year-on-year decline of 5.2 % compared to March 2025, according to the Export Development Board (EDB) of Sri Lanka. 

The EDB said in a statement that, however, on a month-on-month basis, exports increased by 9.0% compared to February 2026 (US$ 1,346.2 million), indicating a recovery in export momentum during the month.

Provisional data from Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, show that merchandise exports for March 2026 decreased by 4.94% to US$ 1,180.39 million.

Earnings from services exports were estimated at US$ 286.92 million in March 2026. While this represents a moderate decline of 6.26% compared to March 2025, the services sector continues to demonstrate its growing importance to Sri Lanka’s export portfolio.

On a cumulative basis, total exports for the period January to March 2026 are estimated at US$ 4,308.11 million, recording a growth of 1.59 % over the corresponding period in 2025.

The EDB further states that overall, the positive performance recorded during the first quarter underscores the resilience of Sri Lanka’s external sector. Despite the temporary setback in March, sustained export earnings supported by stable merchandise trade and the increasing contribution of services signal a steady recovery trajectory for 2026.

Commenting on this achievement, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Sri Lanka Export Development Board (EDB), stated:

“While Sri Lanka’s export earnings experienced a temporary moderation in March 2026, reaching US$ 1,467.31 million, the overall performance for the first quarter reflects continued resilience and stability in the export sector. The cumulative growth recorded during January to March 2026 demonstrates the sector’s ability to navigate evolving global market conditions. This is supported by sustained demand in key export categories, the gradual strengthening of services exports, and ongoing export promotion and market diversification efforts. Looking ahead, a series of key policy decisions to be taken by the Export Development Council of Ministers (EDCM) will further strengthen the export ecosystem. These include measures to enhance trade facilitation, streamline regulatory processes, support market diversification, and improve access to finance for exporters. With these strategic interventions, alongside the continued implementation of the National Export Development Plan, Sri Lanka is well-positioned to sustain export growth momentum and achieve its annual export targets in 2026.”

Further analysis indicates that cumulative merchandise export earnings amounted to US$ 3,387.0 million during January–March 2026, reflecting a 1.18 % increase compared to the corresponding period in 2025.

Meanwhile, services exports maintained a strong upward trajectory, recording an estimated 3.13 % growth during the same period, reaching US$ 921.11 million.

This robust expansion highlights the increasing importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings. 

The services sector, comprising ICT/BPM, Construction, Financial Services, and Transport & Logistics, continues to play a pivotal role in diversifying the country’s export base while generating high-value employment opportunities across the economy, the EDB added. 

Full statement:

Major Exports in March 2026

• Products and Services with Positive Growth (Increases)

Coconut-based products recorded a strong performance in March 2026, with export earnings increasing by 9.64 % year-on-year. Within the sector, Coconut Fibre Products expanded by 12.59 %, while Coconut Shell Products surged by 44.31%, reflecting robust global demand and increased value addition.

Notably, among coconut shell-based exports, Activated Carbon, a key value-added product registered a significant increase of 36.46%, reaching US$ 23.43 million. This underscores the sector’s growing contribution to Sri Lanka’s export earnings through higher-value product segments.

The Food & Beverages sector also demonstrated notable growth, recording an 18.51% year-on-year increase to reach US$ 65.75 million. This expansion was largely driven by processed food exports, which grew by 20.24%, indicating rising demand for value-added food products in international markets.

Seafood exports recorded a significant increase of 31.92% year-on-year, reaching US$ 22.4 million in March 2026. This growth was driven by strong performance in key product categories, particularly frozen fish, which increased by 33.36%, and shrimp exports, which surged by 111.76%.

Export earnings from Electrical and Electronic Components showed remarkable growth, increasing by 31.83% to US$ 50.78 million. This performance was supported by strong gains in Insulated Wires and Cables and Electrical Transformers, which grew by 54.79% and 33.94%, respectively, compared to March 2025.

Meanwhile, the Diamonds, Gems & Jewellery sector is estimated to have recorded a substantial increase of 26.56%, reaching US$ 33.94 million in March 2026.

On the services, ICT/BPM services are estimated to have achieved steady growth, reaching US$ 169.46 million, while Financial Services expanded significantly by 74.53% to US$ 6.82 million. This continued upward trend highlights the resilience and expanding role of Sri Lanka’s knowledge-based and services-driven economy, further strengthening its contribution to overall export performance.

Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles declined by 11.22% year-on-year to US$ 440.32 million in March 2026. This downturn was primarily driven by a 12.78% reduction in shipments to the United States, alongside a 2.01% contraction in exports to the European Union. Exports to the United Kingdom also recorded a notable decline of 15.7%, further contributing to the overall decrease in the sector’s performance.

Tea exports declined by 17.34% year-on-year to US$ 114.75 million in March 2026, primarily due to reduced earnings from Bulk Tea (-29.2%) and Tea Packets (-9.79%). Export volumes also contracted by 15.8%, reflecting weakened demand in key markets. Notably, exports to Iraq, Russia, and the UAE declined significantly by 37.66%, 36.36%, and 92.64%, respectively, exerting substantial downward pressure on overall sector performance.

Export earnings from Rubber and Rubber-Based Products declined marginally by 0.64% year-on-year to US$ 92.48 million in March 2026, primarily due to contractions in key product segments. Notably, exports of Industrial and Surgical Rubber Gloves decreased by 11.09%, exerting downward pressure on overall sector performance.

Exports of Spices and Essential Oils declined by 14.56% to US$ 35.97 million during the period, primarily due to weaker performance in key product categories. Notably, pepper exports fell sharply by 55.12%, while cloves exports recorded a significant decline of 77.19%, contributing to the overall downturn in the sector.

Similarly, ornamental fish exports also registered a decline of 13.29%, falling to US$ 1.5 million in March 2026.

Exports during the period of January – March 2026

Cumulative total exports, including both merchandise and services, are estimated at US$ 4,308.11 million for the period January–March 2026, reflecting a growth of 1.59 % compared to the same period in 2025.

Merchandise exports during the first quarter of 2026 are estimated to have increased by 1.18 % to US$ 3,387.0 million, based on provisional data from Sri Lanka Customs together with estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, earnings from services exports are estimated to have grown significantly by 3.13 % to US$ 921.11 million compared to the corresponding period in 2025.

• Products & Services with Positive Growth (Increases)

Earnings from Coconut-based products, Processed Food and Beverages, and Electrical & Electronic Components increased by 20.85%, 26.05%, and 44.18%, respectively, during the first quarter of 2026 compared to the corresponding period in 2025.

Export earnings from Coconut and Coconut-based products rose significantly by 20.76 % to US$ 314.09 million during January–March 2026 compared to the same period last year. This performance was supported by growth across all major coconut product categories, including Coconut Kernel products (21.05 %), Fibre products (0.04%), and Shell products (52.68%).

The sector’s strong performance was primarily driven by increased export earnings from Coconut Oil (34.97%), Desiccated Coconut (35.07%), Coconut Cream (37.27%), Liquid Coconut Milk (12.63%), and Activated Carbon (46.8%), reflecting sustained global demand and continued value addition within the industry.

Export earnings from Food & Beverages increased by 26.05% year-on-year to US$ 174.5 million during the period January to March 2026, supported by strong performance in processed food exports, which grew by 35.85% to reach US$ 78.44 million.

Meanwhile, earnings from exports of Electrical and Electronic Components (EEC) increased by 44.18% to US$ 142.02 million during January–March 2026 compared to the corresponding period in 2025. This growth was driven by strong performance across key product categories, including Electrical Transformers (+41.73%), Insulated Wires and Cables (+35.9%), and Switches, Boards & Panels (+22.22%).

In addition, exports of Boilers and piston engines also contributed to the upward trend, reaching US$ 16.28 million, reflecting a notable increase during the first quarter of 2026.

Further, export earnings from Seafood increased by 30.93% to US$ 63.16 million during January–March 2026 compared to the same period in 2025. This growth was driven by strong performance in key product categories, including frozen fish (+17.56%) and fresh fish (+106.27%), reflecting improved export volumes and stronger market demand.

Furthermore, the estimated value of ICT exports is expected to increase by 31.15 % to US$ 468.72 Mn during the period of January to March 2026 when compared to the corresponding period of 2025. 

Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles declined by 8.06% to US$ 1,271.98 million during the January–March 2026 period compared to the corresponding period in 2025. This contraction was largely driven by weaker demand in key export markets, particularly the United States and the European Union, which together account for over 50% of total market share. Exports to the United States declined by 6.37%, while shipments to the European Union fell by 7.28%. In addition, exports to the United Kingdom also decreased by 7.93%, further contributing to the overall sectoral downturn.

Earnings from tea exports decreased year-on-year by 5.22% to US$ 351.58 million during January–March 2026. This decline was mainly driven by weaker performance in key product categories, with Bulk Tea exports falling by 9.3% and Tea Packets decreasing by 4.98%, compared to the corresponding period in 2025.

Export earnings from Rubber and Rubber Finished Products recorded a marginal decline of 0.96% to US$ 248.86 million during January–March 2026 compared to the same period in 2025. This slight decrease was primarily attributed to reduced exports of Industrial and Surgical Rubber Gloves, which fell by 9.2%, exerting downward pressure on overall sector performance.

In addition, export earnings from Spices and Essential Oils recorded a marginal year-on-year decline of 5.38%, to US$ 112.63 million during January–March 2026. This decrease was mainly driven by the weak performance of key product categories, particularly Pepper (-45.9%) and Cloves (-77.36%), which significantly impacted overall sector earnings.

Table 1 shows a comparative analysis of merchandise export performance for March 2025–2026, along with the cumulative figures for the January–March period.

Table 1: Comparison of Product-wise Merchandise Export Performance

Sri Lanka’s Export Performance in Major Markets

Among the top fifteen export markets, the India, China, Italy, Belgium and Japan demonstrated positive year-on-year growth both in March 2026 and cumulatively for the January–March period, indicating emerging market resilience.

Meanwhile, the United States the largest single export destination for Sri Lanka, accounting for approximately 22% of total merchandise exports recorded a decline of 8.42%, reaching US$ 251.74 million in March 2026. Cumulative exports for the period January to March 2026 also registered a marginal decrease of 3.38%, amounting to US$ 749.38 million compared to the corresponding period in 2025.

India consolidated its position as Sri Lanka’s second-largest export destination, surpassing the United Kingdom, with exports growing by 12.02% to US$ 287.49 million during January–March 2026, despite a marginal increment in March 2026. Meanwhile, exports to the United Kingdom declined by 5.84 % to US$ 235.73 million over the same period, reflecting weaker performance in this key European market.

The United Arab Emirates, which has consistently ranked among the top 15 export destinations in recent years, recorded a notable decline of 11.83% during the period from January to March 2026. This negative trend further intensified in March 2026, with a year-on-year contraction of 72.60% in monthly export performance, primarily attributable to geopolitical tensions between the United States and the Gulf region.

Table 2 shows a comparative analysis of merchandise export performance across the top 15 export markets for March 2025–2026, along with the cumulative figures for the January– March period.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations

Exports to FTA Partners (India & Pakistan)

• March 2026

Exports to India and Pakistan together accounted for 8.74% of Sri Lanka’s total merchandise exports in March 2026, totaling US$ 103.11 million, a year-on-year growth of 7.53%

Exports to India increased by 4.44% to US$ 95.47 million, primarily driven by higher demand for key export categories such as petroleum products, animal feed, and selected industrial raw materials, supported by strengthened bilateral trade ties under the Indo-Sri Lanka Free Trade Agreement. 

Exports to Pakistan gradually increased by 70.54 % to US$ 7.64 million, supported by higher shipments of other textile articles, desiccated coconut, and chemical products.

• January – March 2026

Over the cumulative January – March period, exports to India expanded significantly by 12.02 % to US$ 287.49 million. The growth was driven primarily by higher shipments of Petroleum oils, Animal feed, and Areca nuts.

Meanwhile, exports to Pakistan surged by 41.39% to US$ 22.41 million, reflecting robust performance in other textile articles, betel leaves, desiccated coconut, woven fabrics, and base metal products.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region wise exports for March 2025 – 2026, along with the cumulative figures for the January–March period.

Table 3: Comparison of Region wise Merchandise Export Performance

Exports to the European Union (EU), which represent 25.5% of Sri Lanka’s total merchandise exports, increased by 8.73% in March 2026. Similarly, during the cumulative period from January to March 2026, they increased by 5.07%.

Exports to the top five EU markets were recoded as; Italy US$ 175.21 Mn (increased by 14.67 %), Germany US$ 168.38 Mn (decreased by 7.24%), Netherlands US$ 105.16 Mn (decreased by 7.10 %), France US$ 64.59 Mn (decreased by 0.83%) and Belgium US$ 62.43 Mn (increased by 5.46 %) during the cumulative period of January to March 2026 in comparison to the corresponding period in 2025. (Newswire)

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The Export Development Board (EDB) says Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,401.78 million in February 2026, reflecting a notable year-on-year growth of 4.22% compared to February 2025.

According to provisional data from Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports for February 2026 increased by 1.32% to US$ 1,066.88 million.

Meanwhile, services exports demonstrated strong momentum, with earnings estimated at US$ 334.9 million, marking a significant 14.68% increase over the corresponding month in 2025. This robust performance underscores the growing contribution of the services sector to the country’s export portfolio.

On a cumulative basis, total exports for the period January to February 2026 are estimated at US$ 2,896.31 million, recording a notable growth of 7.56% compared to the same period in 2025.

The continued expansion in export earnings highlights the resilience of Sri Lanka’s external sector, supported by steady merchandise performance and accelerated growth in services exports.

Commenting on this achievement, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Sri Lanka Export Development Board (EDB), stated:

“Sri Lanka’s export earnings for February 2026 reached US$ 1,401.78 million, recording a solid year-on-year growth of 4.22% and signalling a positive trajectory toward achieving our annual export targets.

This performance reflects the resilience and increasing competitiveness of Sri Lanka’s export sector, underpinned by the gradual recovery in key international markets, sustained industrial capacity, and the continued implementation of targeted export development initiatives.

Looking ahead, with strengthened policy support, enhanced value addition, and proactive market diversification, Sri Lanka is poised to build on this momentum throughout 2026, even amid ongoing geopolitical tensions and energy market volatility”

Further analysis indicates that cumulative merchandise export earnings amounted to US$ 2,215.63 million during January–February 2026, reflecting a 5.22% increase compared to the corresponding period in 2025.

Meanwhile, services exports maintained a strong upward trajectory, recording an estimated 15.95% growth during the same period, reaching US$ 680.68 million.

This robust expansion highlights the increasing importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings. 

The services sector, comprising ICT/BPM, Construction, Financial Services, and Transport & Logistics, continues to play a pivotal role in diversifying the country’s export base while generating high-value employment opportunities across the economy.

Full statement: 

Major Exports in February 2026

1. Products and Services with Positive Growth (Increases)

Coconut-based products also recorded a strong performance, with export earnings increasing 25.22 % year-on-year in February 2026. Within this sector, earnings from Coconut Kernel Products increased by 33.07 %, while Coconut Shell Products grew by 69.96%, reflecting strong global demand and enhanced value addition.

Among Coconut Kernel Products, February 2026 exports showed substantial gains: Coconut Oil (+35.34%), Coconut Cream (+40.82%), and Liquid Coconut Milk (+25.73%) compared to February 2025. Meanwhile, earnings from Activated Carbon, a key Coconut Shell product, increased by 68.84 %, reaching US$ 21.73 million, underscoring the sector’s expanding contribution to Sri Lanka’s export earnings.

The Food & Beverages sector recorded a significant 36.36% year-on-year increase, reaching US$ 56.22 Mn, with processed foods contributing the largest share of growth (+72.95%).

Exports of Spices and Essential Oils recorded a growth of 3.98% to US$ 39.44 million during the same period, mainly supported by a strong performance in cinnamon exports, which surged by 41.88%.

Electrical and electronic components recorded remarkable growth, with export earnings surging by 54.37% to US$ 48.35 million. This growth was driven by strong increases in exports of electrical transformers and switches, boards and panels, which expanded by 42.56% and 67.03% respectively in February 2026 compared to the same period in 2025.

The estimated export value of Diamonds, Gems & Jewellery is expected to increase by 11.51%, reaching US$ 30.86 Mn in February 2026 compared to February 2025.

Meanwhile, except for construction services, other export services are estimated to record positive growth in February 2026 compared with February 2025: ICT/BPM (+36.66%, US$ 153.62 Mn), Financial Services (+18.91%, US$ 4.78 Mn), and Transport and Logistics (+0.86%, US$ 170.15 Mn). This performance underscores the continued expansion and resilience of Sri Lanka’s knowledge and services-driven economy, highlighting its growing contribution to national export earnings.

Products with Negative Growth (Decreases)

Tea exports, accounting for 12.8% of total merchandise exports, declined by 3.71% to US$ 114.98 million in February 2026, driven primarily by reduced earnings from Bulk Tea (-2.14%) and Tea Packets (-6.78%). Export volumes also fell by 2.34%, with key markets such as Russia registering a notable decline of 33.31%, exerting downward pressure on overall performance.

Export earnings from Rubber and Rubber-Based Products declined by 5.66% year-on-year to US$ 78.41 million in February 2026, primarily due to contractions in major product categories. Exports of Pneumatic and retreaded rubber tyres and tubes decreased by 4.44%, while Industrial and Surgical Rubber Gloves declined by 5.14%, weighing on overall sector performance

Export earnings from Apparel & Textiles declined by 10.03% year-on-year to US$ 384.44 million in February 2026, primarily due to a 3.09% reduction in shipments to the United States and a sharp 19.33% contraction in exports to the European Union.

Seafood exports also recorded a significant decline, falling by 16.84% year-on-year to US$ 11.31 million. This downturn was driven by decreases in key product categories, including frozen fish (-25.52%) and shrimps (-41.82%), while ornamental fish exports dropped by 29.33% to US$ 0.53 million.

Exports during the period of January – February 2026

Cumulative total exports, including both merchandise and services, are estimated at US$ 2,896.31 million for the period January–February 2026, reflecting a notable growth of 7.56% compared to the same period in 2025.

Merchandise exports during the first two months of 2026 are estimated to have increased by 5.22% to US$ 2,215.63 million, based on provisional data from Sri Lanka Customs together with estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, earnings from services exports are estimated to have grown significantly by 15.95% to US$ 680.68 million compared to the corresponding period in 2025.

1. Products & Services with Positive Growth (Increases)

Earnings from the export of Tea, Coconut products, and Food & Beverages increased by 2.04 %, 27.86 %, and 30.84%, respectively during the period of January – February 2026 in comparison to the corresponding period of 2025.

Earnings from the export of Tea increased y-o-y by 2.04 % to US$ 236.84 Mn in the period of January to February 2026. This increase was mainly due to the strong performance in the export of Bulk Tea (3.5 %).

Export earnings of Coconut & Coconut-based products increased by 27.86 % to US$ 203.01 Mn during January – February 2026 compared to the last year. Earnings from all the major categories of Coconut based products increased in the period of January – February 2026 compared with the corresponding period of 2025 due to the strong performance in export of Coconut Oil (53.98 %), Desiccated Coconut (48.62 %), Coconut Milk Powder (16.54 %), Coconut Cream (44.17 %), Liquid Coconut Milk (24.37 %), and Activated Carbon (53.26 %).

Export earnings from Food & Beverages have increased by 30.84 % y-o-y to US$ 108.56 Million in the period of January to February 2025, with the positive performance in exports of Processed food (49.39 %).

Further, export earnings from Seafood increased by 30.28 % to US$ 40.74 Mn during the period of January to February 2026 compared to 2025 due to the strong performance in frozen fish (+9.77%) and Fresh Fish (+103.09%).

Meanwhile, earnings from export of Electrical and Electronic Components (EEC) increased by 52.74 % to US$ 91.28 Mn in the period of January to February 2026 compared to the corresponding period of 2025. This increase was due to the strong performance in exports of Insulated Wires and Cables (+37.12%), Printed Circuits (+14.71%), Switches, Boards & Panels (+39.32%).

Furthermore, the estimated value of ICT exports is expected to increase by 37.25 % to US$ 306.62 Mn during the period of January to February 2026 when compared to the corresponding period of 2025. 

In addition, the estimated value of Logistics & transport services is expected to increase by 5.31 % to US$ 354.59 Mn during the period of January to February 2026 when compared to the corresponding period of 2025. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 1.14 % to US$ 156.38 Mn in January – February 2026 compared to the same period in 2025 attributed to decreased exports of Industrial & Surgical Gloves of Rubber (-8.17 %). 

Export earnings from Apparel & Textiles declined by 6.29% to US$ 831.67 million during the January–February 2026 period, compared to the same period in 2025. This contraction was largely influenced by reduced demand in key markets, with exports to the United States and the European Union, together accounting for more than 50% of total market share, declining by 2.9% and 2.8%, respectively.

In addition, export earnings from Spices and Essential Oils slightly decreased y-o-y by 0.35 % to US$ 76.65 Mn in the period of January to February 2026. This decrease was due to the poor performance in exports of Pepper (-40.88 %), Cloves (-77.36 %).

Table 1 shows a comparative analysis of merchandise export performance for February 2025–2026, along with the cumulative figures for the January–February period.

Sri Lanka’s Export Performance in Major Markets

Among the top ten export markets, the United Arab Emirates, China, Australia, and Mexico demonstrated positive year-on-year growth both in February 2026 and cumulatively for the January–February period, indicating emerging market resilience.

Meanwhile, the United States, the largest single export destination for Sri Lanka, accounting for around 22% of total merchandise exports, recorded a marginal decline of 0.3% to US$ 239.8 million in February 2026, with cumulative exports for January–February 2026 also marginal down by 0.61% to US$ 497.65 million compared to the same period in 2025

India consolidated its position as Sri Lanka’s second-largest export destination, surpassing the United Kingdom, with exports growing by 16.21% to US$ 192.01 million during January–February 2026, despite a temporary dip in February. Meanwhile, exports to the United Kingdom declined by 1.86% to US$ 149.44 million over the same period, reflecting weaker performance in this key European market.

Table 2 shows a comparative analysis of merchandise export performance across the top 15 export markets for February 2025–2026, along with the cumulative figures for the January–February period.

Exports to FTA Partners (India & Pakistan)

1. February 2026

Exports to India and Pakistan together accounted for 7.8% of Sri Lanka’s total merchandise exports in February 2026, totaling US$ 84.7 million, a year-on-year decline of 4.07%.

Exports to India decreased by 7.35% to US$ 78.44 million, mainly due to lower shipments of pepper and certain textile and apparel items.

Exports to Pakistan increased by 1.28% to US$ 6.25 million, supported by higher shipments of other textile articles, desiccated coconut, and chemical products.

1. January – February 2026

Over the cumulative January–February period, exports to India expanded significantly by 16.21% to US$ 192.01 million. The growth was driven primarily by higher shipments of Petroleum oils, Animal feed, and Areca nuts.

Meanwhile, exports to Pakistan surged by 29.9% to US$ 14.77 million, reflecting robust performance in other textile articles, betel leaves, desiccated coconut, woven fabrics, and base metal products.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region wise exports for February 2025–2026, along with the cumulative figures for the January–February period.

Exports to the European Union (EU), which represent 24% of Sri Lanka’s total merchandise exports, increased by 2.86% in February 2026. However, during the cumulative period from January to February 2026, they declined by 6.42%

Exports to the top five EU markets were recoded as; Italy US$ 104.89 Mn (increased by 10.17 %), Germany US$ 104.29 Mn (decreased by 5.93 %), Netherlands US$ 66.82 Mn (decreased by 4.67 %), France US$ 40.47 Mn (decreased by 4.39 %) and Belgium US$ 38.67 Mn (increased by 1.5 %) during the cumulative period of January to February 2026 in comparison to the corresponding period in 2025. (Newswire)

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The Sri Lanka Export Development Board (EDB) has announced that Sri Lanka Expo 2026, a premier international trade exhibition, will take place from 18–21 June 2026 at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo. 

Designed to connect local exporters and businesses with global buyers and investors, the four‑day event will showcase Sri Lanka’s export potential while fostering new trade and investment opportunities. 

Sri Lankan exporters, export-oriented businesses, and companies with export potential are eligible to apply. As the number of exhibition booths is limited, a screening process will be conducted to select qualified exhibitors.

Applications are open until 31 March 2026, with selected exhibitors to be notified in early April.

For further information and registration, the following officers may be contacted. 

• Industrial Products: Indika Sugathadasa (0718246762 | indikas@edb.gov.lk)
• Agro-Industrial Products: Jayani Galagedara (0710391184 | jayani@edb.gov.lk), 
• Services Sector: Dishant Yapa (0772953717 | dishant@edb.gov.lk). 
• For general inquiries, contact the Sri Lanka Export Development Board via email at expo@edb.gov.lk or by phone at 0772 255 647, 0777 788 313, 0718 220 152.

Local exporters participating in this exhibition will have the opportunity to meet over 1,500 global buyers and investors. Additionally, exhibitors will have the opportunity to arrange pre-scheduled business meetings with potential buyers.

A total of 650 exhibition booths have been allocated for Sri Lankan exporters, export-oriented businesses, and companies with export potential across various sectors, showcasing the diversity of Sri Lanka’s export economy.

Industrial Products include Apparel, Textiles and Fashion, Rubber, Plastic and Chemical Products, Gems and Jewelry, Engineering and Automotive Components, Boat & Shipbuilding, Marine Services, Electrical and Electronic Products, Minerals and Mineral-based Products, Giftware, Lifestyle & Handicrafts, Pharmaceutical & Medical Devices, Printing and Packaging.

Agro-Industrial Products include Tea, Spices & Concentrates, Coconut-based Products, Seafood/Edible Fish Products, Processed Foods and Beverages, Ayurveda, Herbal & Cosmetic Products, Cut Flowers and Foliage, Ornamental Fish, Fruits & Vegetables.

Export Services include Information and Communication Technology/Business Process Management, Tourism, Logistics Services, Construction & Renewable Energy, Wellness & Healthcare Services, and Other Services. (Newswire)

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Sri Lanka’s export sector began 2026 on a strong momentum, recording a robust year-on-year growth of 13.71%, signalling renewed momentum in external trade performance, the Export Development Board of Sri Lanka (EDB) said in a statement. 

According to statistics released by Sri Lanka Customs, together with estimated export figures for gems and jewellery, petroleum products, and services, total export earnings reached US$ 1,532.6 Mn. 

The encouraging performance reflects broad-based growth across key export sectors, improving global demand conditions, and sustained national efforts to enhance export competitiveness at the outset of the year. 

“Sri Lanka’s export earnings for January 2026 reached US$ 1,532.6 Mn, reflecting a strong year-on year growth of 13.71% and a promising start toward achieving our annual export targets. This performance highlights the resilience and growing competitiveness of the country’s export sector, supported by the gradual recovery of key international markets, sustained industrial capacity, and the continued implementation of strategic export development initiatives. We remain confident that, with focused policy support and market diversification efforts, Sri Lanka is well positioned to maintain this positive momentum throughout 2026,” Mangala Wijesinghe, Chairman and Chief Executive Officer of the EDB said. 

In January 2026, merchandise exports recorded a year-on-year growth of 10.66 %, reaching US$ 1,165.02 Mn, according to provisional data released by Sri Lanka Customs, including estimated figures for gems and jewellery and petroleum products. This steady expansion reflects improved demand across key product categories and the strengthening performance of the industrial export sector. 

Meanwhile, services export earnings for January 2026 are estimated to have increased significantly by 24.59%, reaching US$ 367.55 million. This strong growth highlights the rising importance of Sri Lanka’s knowledge-based economy and its expanding contribution to overall national export earnings. 

The services sector, comprising ICT/BPM, construction, financial services, and transport and logistics, continues to play a pivotal role in diversifying the country’s export basket while generating high-value employment opportunities nationwide, further reinforcing Sri Lanka’s transition toward a more innovation-driven and services-oriented economy. 

Full statement: 

Major Exports in January 2026 

a) Products and Services with Positive Growth (Increases) 

Most export sectors recorded notable year-on-year increases in January 2026. Tea exports, which accounted for 12.8 % of total merchandise exports, increased by 8.11% to US$ 121.84 Mn, driven primarily by higher earnings from Bulk Tea (+ 9.72%) and Tea Packets (+ 2.3%). In terms of volume, tea exports grew by 6.9 %. Key markets such as Turkey, Russia, and Saudi Arabia recorded significant increases of 120.95 %, 8.84 %, and 11.24 %, respectively. 

Coconut-based products also recorded a strong performance, with export earnings increasing 30.69 % year-on-year in January 2026. Within this sector, earnings from Coconut Kernel Products increased by 43.32%, while Coconut Shell Products grew by 46.87%, reflecting strong global demand and enhanced value addition. 

Among Coconut Kernel Products, January 2026 exports showed substantial gains: Coconut Oil (+76.2%), Coconut Milk Powder (+60.71%), Coconut Cream (+47.94%), and Liquid Coconut Milk (+23.09%) compared to January 2025. Meanwhile, earnings from Activated Carbon, a key Coconut Shell product, increased by 39.51 %, reaching US$ 20.34 Mn, underscoring the sector’s expanding contribution to Sri Lanka’s export earnings. 

Export earnings from Rubber and Rubber-based products have increased by 3.88 % y-o-y to US$ 77.97 Mn in January 2026, driven by strong growth in Pneumatic & Retreated Rubber Tyres & Tubes, which increased by 18.61%. 

The Food & Beverages sector recorded a significant 25.29% year-on-year increase, reaching US$ 52.31 Mn, with processed foods contributing the largest share of growth (+28.7%). 

Electrical and electronics components showed remarkable growth, with earnings rising 50.79% to US$ 42.93 Mn, led by a 73.49% increase in exports of Insulated Wires and Cables. 

Seafood exports surged 66.55% year-on-year to US$ 29.43 Mn, boosted by higher shipments of frozen fish (+37.64%) and fresh fish (+135.39%). Ornamental fish exports also recorded a significant growth of 70.06% to US$ 2.67 Mn.

Meanwhile, exports across all major services sectors are estimated to record positive growth in January 2026 compared with January 2025: ICT/BPM (+60.21%, US$ 177.83 Mn), Construction (+5.48%, US$ 11.6 Mn), Financial Services (+5.71%, US$ 5.29 Mn), and Transport and Logistics (+2.88%, US$ 2 172.83 Mn). This performance underscores the continued expansion and resilience of Sri Lanka’s knowledge and services-driven economy, highlighting its growing contribution to national export earnings. 

b) Products with Negative Growth (Decreases) 

Export earnings from Apparel & Textiles decreased by 2.82 % y-o-y, reaching US$ 447.25 Mn in January 2026, compared to the same month in 2025. This decrease was primarily due to a 2.73% drop in exports to the United States and a 1.82% decline in shipments to the EU region. 

Spices and Essential Oils exports also declined by 4.57 % to US$ 37.21 Mn during the same period, largely driven by a significant 54.38% reduction in Pepper exports to India. 

The estimated export value of Diamonds, Gems & Jewellery is expected to decrease by 10.96 %, reaching US$ 33.58 Mn in January 2026 compared to January 2025. 

Table 1 shows a comparative analysis of merchandise export performance for the month of January across the years 2024, 2025, and 2026.

Sri Lanka’s Export Performance in Major Markets 

Sri Lanka’s key export destinations demonstrated resilient performance at the start of 2026. Among the top ten markets, India, the United Kingdom, Germany, Italy, the Netherlands, China, and Australia recorded positive year-on-year growth, reflecting steady demand recovery and strengthened trade engagement across both traditional and emerging markets. 

The United States, which remains Sri Lanka’s largest single export destination and accounts for approximately 22 % of total merchandise exports, recorded a marginal decline of 0.9% to US$ 257.85 Mn in January 2026 compared with the same period in 2025. 

India continued to rank as Sri Lanka’s second-largest export destination, surpassing the United Kingdom, with exports expanding significantly by 38.67 % to reach US$ 113.57 Mn in January 2026. Meanwhile, exports to the United Kingdom increased by 3.18%, reaching US$ 82.08 million compared with January 2025. 

Table 2 shows a comparative analysis of merchandise export performance across the top 15 export markets for the month of January in 2024, 2025, and 2026. 

Exports to FTA Partners (India & Pakistan) 

In January 2026, exports to India and Pakistan accounted for 10.5 % of Sri Lanka’s total merchandise exports, increasing 38.26 % y-o-y to US$ 122.08 Mn. 

Exports to India increased significantly by 38.67 %, driven mainly by higher shipments of Petroleum Oils, Apparel, Animal Feed and Electrical & Electronic Products. In parallel, exports to Pakistan increased by 32.97 %, reflecting higher shipments of Betel Leaves, Textile and Coconut Kernel Products. 

Sri Lanka’s Export Performance in Regions Table 3 shows the comparison of region wise exports for the month of January in 2024, 2025, and 2026. 

Exports to the European Union (EU), which account for 22 % of Sri Lanka’s merchandise exports, increased during January 2026 by 12.27 %. 

Exports to the top five EU markets were recoded as; Germany US$ 58.05Mn (increased by 7.76 %), Italy US$ 57.05 Mn (increased by 25.27 %), Netherlands US$ 39.02 Mn (increased by 6.52 %), France US$ 21.49 Mn (decreased by 3.02 %) and Belgium US$ 21.11 Mn (increased by 7.48 %) during the month of January 2026 in comparison to the corresponding period in 2025. (Newswire)

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Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 5.8 % y-o-y growth during the period from January to November 2025, according to the Export Development Board of Sri Lanka (EDB).

Based on Sri Lanka Customs statistics and estimated export figures for Gems & Jewellery, Petroleum Products and services, total exports reached US$ 15,776.36 Mn, the performance signalling sustained growth and improved external trade conditions.

In November 2025 alone, total exports, comprising both merchandise and services reached US$ 1,364.52 Mn, reflecting an impressive year-on-year growth of 5.56 % over November 2024. This performance highlights the strength of Sri Lanka’s export sector and the effectiveness of the strategies implemented to expand market access and enhance global competitiveness.

Commenting on this achievement, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Export Development Board (EDB), stated that Sri Lanka’s export earnings during the January–November 2025 period reached US$ 15,776.36 million, reflecting strong year-on-year growth.

He noted that this performance underscores the resilience and competitiveness of Sri Lanka’s export sector, supported by the recovery of key markets, sustained production capacity, and the effective implementation of export development strategies. 

He further emphasized that the encouraging growth reflects Sri Lanka’s deeper integration into global trade and the continued focus on enhancing export competitiveness and market diversification, with exporters demonstrating resilience and innovation in navigating evolving global challenges. 

He also highlighted that achieving over 86.3% of the annual export target by the end of November 2025 is a clear indication of the strength and commitment of Sri Lanka’s export community.

In November 2025 alone, merchandise exports grew by 5.95 % year-on-year, reaching US$ 1,053.22 Mn, according to provisional data of Sri Lanka Customs, including the estimates for Gems & Jewellery and Petroleum Products. For the period January to November 2025, merchandise exports totalled US$ 12,417.98 Mn, reflecting 6.41 % increase compared to the same period in 2024. 

In November 2025, earnings from services exports are estimated to have increased by 4.27% to US$ 311.3 Mn. Over the period of January to November 2025, services exports are estimated to have increased by 3.63 %, totalling US$ 3,358.38 Mn. This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island.

Full statement:

Major Exports in November 2025

• Products and Services with Positive Growth (Increases)

A monthly analysis reveals that export earnings from coconut-based products showed a significant increase of 47.25 % in November 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 57.45 %, Coconut fibre products by 27.76 %, and Coconut shell products by 42.14 %, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 79.89 %, 44.66 %, 97.44 % and 49.72 % respectively, in November 2025 compared to November 2024.

Being the largest contributor to the coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fibre products, increased by 22.01 % to US$ 19.96 Mn in November 2025 in comparison to November 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 37.79 % to US$ 18.96 Mn in November 2025 compared to November 2024.

Export earnings from Food & Beverages have increased by 24.83 % y-o-y to US$ 45.3 Mn in November 2025, with the positive performance in exports of Processed Food (24.1 %).

The estimated value of Diamonds, Gems & Jewellery is expected to increase by 34.73 % to US$ 37.56 Mn in November 2025 when compared to November 2024.

Export earnings from Electrical & Electronics Components increased by 38.37 % y-o-y to US$ 48.54 Mn in November 2025.

Export earnings from Seafood increased by 2.49 % to US$ 16.89 Mn in November 2025 compared to November 2024. This increase was mainly due to the positive performance in the export of Frozen Fish (16.4 %).

Meanwhile, ICT/BPM export earnings are expected to grow marginally by 0.13%, reaching US$ 129.15 Mn during the same period.

Similarly, the estimated export value of Logistics & Transport Services is expected to increase by 12.48 % to US$ 174.36 Mn in November 2025, compared to November 2024.

Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles declined by 2.12% year-on-year, totalling US$ 388.78 Mn in November 2025 compared to the same month in 2024.

Export earnings from tea, which made up 12.8% of merchandise exports, decreased by 5.4 % y-o-y to US$ 111.77 Mn in November 2025 compared to November 2024. This increase is mainly due to the poor performance in the export of Bulk Tea (-11.72 %) and Tea Packets (-4.52%).

Meanwhile, exports of Spices and Essential Oils decreased by 9.21 % to US$ 37.47 Mn in November 2025, largely driven by a sharp decline in pepper exports to India, which decreased by 50.57 %.

Export earnings from Ornamental fish decreased by 31.28 % to US$ 1.23 Mn in November 2025 compared to November 2024.

Exports during the period of January – November 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 15,776.36 Mn for the period January to November 2025, making a notable 5.8 % growth compared to the same period in 2024.

Merchandise exports during the period of January to November 2025 are estimated to increase by 6.41 %, reaching US$ 12,417.98 Mn, based on data from Sri Lanka Customs along with the estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, the estimated value of services exports is expected to increase by 3.62 % to US$ 3,358.35 Mn compared to the corresponding period in 2024.

Products & Services with Positive Growth (Increases)

Earnings from the export of Apparel, Tea, Coconut products, and Food & Beverages increased by 4.9 %, 7.44 %, 44.13 %, and 24.89 % respectively during the period of January to November of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 4.9 % to US$ 4,829.62 Mn during the period of January to November 2025 compared to the same period in 2024. 

Notably, exports to the United States, the United Kingdom and EU region increased by 2.05 %, 0.01 % and 12.84 % amounting to US$ 1,783.97 Mn, US$ 632.91 Mn and US$ 1,451.08 Mn, respectively.

Earnings from the export of Tea increased y-o-y by 7.44 % to US$ 1,401.36 Mn in the period of January to November 2025. This increase was mainly due to the strong performance in the export of Tea Packets (13.22 %).

Export earnings of Coconut & Coconut-based products increased by 44.13 % to US$ 1,136.92 Mn during January to November of 2025 compared to the last year. Earnings from all the major categories of Coconut based products increased in the period of January to November 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (81.41 %), Desiccated Coconut (36.92 %), Coconut Milk Powder (70.05 %), Coconut Cream (92.83 %), Liquid Coconut Milk (52.94 %), Cocopeat (24.29 %) and Activated Carbon (29.42%).

Export earnings from Food & Beverages have increased by 24.89 % y-o-y to US$ 545.24 Mn in the period of January to November of 2025, with the positive performance in exports of Processed food (42.96 %).

In addition, export earnings from Seafood increased by 1.87 % to US$ 216.81 Mn during the period of January to November of 2025, compared to year 202,4 due to the positive performance in Frozen Fish (17.93 %).

Meanwhile, earnings from export of Electrical and Electronic Components (EEC) increased by 5.46 % to US$ 403.26 Mn in the period of January to November of 2025 compared to the corresponding period of 2024. This increase was due to the positive performance in exports of Insulated Wires (6.11 %) and Electrical Transformers (7.44%).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 6.86 % to US$ 1,442.74 Mn during the period of January to November 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 7.54 % to US$ 1,760.65 Mn during the period of January to November 2025, when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 5.60 % to US$ 869.26 Mn in the period of January to November 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tube (-13.58 %). 

In addition, export earnings from Spices and Essential Oils increased y-o-y by 2.16 % to US$ 405.7 Mn in the period of January to November 2025. This increase was due to the negative performance in exports of Pepper (-38.81 %). 

In addition, export earnings from Ornamental fish decreased by 7.47 % to US$ 20.8 Mn in the period of January to November 2025, compared to the same period in 2024

Table 1 shows the comparison of Merchandise export performance during the month of November 2025 and the period of January to November 2025 compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                                          Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export destinations, the United States, India, Italy, Germany, the United Arab Emirates, the Netherlands, France and China recorded year-on-year growth in November 2025 as well as during the cumulative period from January to November 2025.

The United States, Sri Lanka’s largest single export market, accounting for 23% of the country’s merchandise exports, recorded a 3.97 % increase to US$ 236.2 Mn in November 2025 compared to November 2024. However, exports to the United States increased by 2.79 % during the period from January to November, reaching US$ 2,734.24 Mn.

India has continued as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India increased by 25.77 % to US$ 88.43 Mn in November 2025, while cumulative exports from January to November 2025 increased by 19.88 %, reaching US$ 955.32 Mn compared to the same period in 2024.

Exports to the United Kingdom decreased by 8.28 % to US$ 62.92 Mn in November 2025 compared to the same month in 2024. During the cumulative period from January to November 2025, exports to the UK recorded a growth of 2.49 %, reaching US$ 855.01 Mn compared to the corresponding period in 2024.

Table 2 shows the comparison of the Merchandise export performance of the top 15 export markets during the month of November 2025 and the period of January to November 2025, compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns

Exports to FTA Partners (India & Pakistan)

• November 2025

In November 2025, exports to India and Pakistan accounted for 7.86% of Sri Lanka’s total merchandise exports, recording a year-on-year increase of 25.06 % to US$ 94.23 Mn, compared with November 2024.

Exports to India increased by 25.77%, mainly driven by higher shipments of Animal Feed, while exports to Pakistan increased by 15.08%, supported primarily by stronger Desiccated Coconut exports.

• January – November 2025

During the period from January to November 2025, exports to India and Pakistan accounted for 8.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 18.21 % to reach US$ 1,024.61 Mn compared to the same period in the previous year.

Exports to India increased significantly by 19.88 %, driven mainly by higher shipments of Petroleum Oil, Animal feed and Animal or Vegetable Fats and Oils and their Products. In contrast, exports to Pakistan decreased slightly by 0.83 %, reflecting a decrease in Desiccated Coconut shipments.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of November 2025 and the period of January to November 2025 compared to 2024.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which account for 24% of Sri Lanka’s merchandise exports, increased during both November 2025 and the cumulative period of January to November 2025 respectively, by 10.08 % and 14.06 %.

Exports to the top five EU markets were recoded as: Germany US$ 644.04 Mn (increased by 13.33 %), Italy US$ 628.33 Mn (increased by 14.07 %), the Netherlands US$ 429.5 Mn (increased by 21.31 %), and France US$ 258.51 Mn. (increased by 6.61 %) and Belgium US$ 231.77 Mn (increased by 6.81 %) during the cumulative period of January to November 2025 in comparison to the corresponding period in 2024.

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The Export Development Board (EDB) has launched a rapid relief and recovery program following the severe impact of adverse weather conditions on Sri Lanka’s export sector. 

Accordingly, the EDB has already commenced comprehensive damage assessments of exporters most affected by the adverse weather conditions. 

The EDB further states that these assessments will guide the targeted relief interventions required for the export sector.

A discussion meeting was held recently at the EDB premises, with the participation of Secretary to the Ministry of Industry and Entrepreneurship Development Tilaka Jayasundara, EDB Chairman and CEO Mangala Wijesinghe, Erandika Dissanayake, Actg. Director General, Kumudinie Mudalige, Actg. Additional Director General, Sanjeewa Rathnasekara, Director Trade Facilitation & Trade Information along with senior officials and exporters.

The Chairman of the Export Development Board emphasized that strategic interventions are actively underway to tackle immediate challenges facing the export sector. These measures focus on minimizing disruptions to export operations to ensure a steady flow of goods and services to international markets. 

Additionally, efforts are being made to mitigate the adverse impact on production capacity, safeguarding the ability of exporters to maintain output levels. A key priority is also placed on reactivating disrupted supply chains, restoring the seamless connectivity essential for efficient production and export processes. Through these targeted actions, the EDB aims to sustain export growth and build resilience against short-term obstacles.

The EDB is currently working closely with customs, port authorities, and logistics providers to manage infrastructure delays caused by adverse weather conditions and expedite export-related clearances.

Special government attention has now been focused on assisting Small and Medium Enterprises (SMEs) in particular to rapidly reactivate their operational capacity during this recovery process.

The discussion highlighted the growing intensity and frequency of climate-related challenges in recent times, underscoring the urgent need for proactive and sustainable responses. It was emphasized that addressing these environmental issues is not only critical for mitigating risks but also essential for ensuring long-term economic resilience. 

By integrating sustainability into export practices and promoting green technologies, the EDB aims to strengthen the export sector’s competitiveness and sustainability. This approach seeks to support exporters in adapting to climate realities while fostering greener and more resilient trade pathways that align with global environmental goals. (Newswire)

The post EDB launches fast-track relief to support exporters affected by adverse weather appeared first on Newswire.

Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 6.0 % growth during the period from January to October 2025, the Sri Lanka Export Development Board (EDB) reported. 

According to data released by Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, total exports reached US$ 14,433.82 million, surpassing the performance of the corresponding period in 2024. 

This also marks the first time that exports have exceeded the 14 billion Dollar mark within the first ten months of a year. A key highlight is that exports of coconut-based products surpassed the US$ 1 billion mark during this period for the first time.

Commenting on this achievement, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Export Development Board (EDB), stated: “This is the highest-ever export figure recorded for the January–October period in Sri Lanka’s history. The continued recovery of key Western markets, along with the steady production capacity maintained by local industries, has played a pivotal role in driving this growth. I commend our exporters for their resilience and outstanding performance. Notably, 80% of the annual export target of US$ 18 billion has already been realized during this period.”

In October 2025 alone, total exports, comprising both merchandise and services, reached US$ 1,474.38 million, reflecting a month-on-month increase of 2.2 % compared with September 2025. However, this also represents a slight year-on-year increase of 0.16% compared with October 2024. 

Despite the marginal annual decrease, the October performance underscores the resilience of Sri Lanka’s export sector and the continued effectiveness of strategies aimed at expanding market access and strengthening global competitiveness.

Meanwhile, services exports have emerged as a key driver of overall export growth. In October 2025, earnings from services exports are estimated to be US$ 316.14 million. Over the first ten months of the year, services exports are estimated to have increased by 4.01 %, reaching US$ 3,060.21 million. This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island.

Full report: 

Major Exports in October 2025

• Products and Services with Positive Growth (Increases)

A monthly analysis reveals that export earnings from coconut-based products showed a significant increase of 60.46 % in October 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 75.05 %, Coconut fibre products by 19.84 %, and Coconut shell products by 77.56 %, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 111.36 %, 38.3 %, 185.07 % and 90.84 % respectively in October 2025 compared to October 2024.

Being the largest contributor to the coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fibre products, increased by 19.71 % to US$ 20.59 Mn in October 2025 in comparison to October 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 77.56 % to US$ 21.68 Mn in October 2025 compared to October 2024.

Export earnings from Food & Beverages have increased by 20.17 % y-o-y to US$ 71.25 Mn in October 2025, with the positive performance in exports of Processed Food (27.15 %).

The estimated value of Diamonds, Gems & Jewellery is expected to increase by 26.74 % to US$ 39.2 Mn in October 2025 when compared to October 2024.

Export earnings from Electrical & Electronics Components increased by 5.18 % y-o-y to US$ 38.76 Mn in October 2025.

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 26.71 % to US$ 154.5 Mn in October 2025 when compared to October 2024. 

Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles recorded a slight year-on-year decline of 0.24%, amounting to US$ 429.17 Mn in October 2025 compared with the same month in 2024.

Export earnings from tea, which made up 12.8% of merchandise exports, decreased by 0.21 % y-o-y to US$ 126.55 Mn in October 2025 compared to October 2024. This increase is mainly due to the poor performance in the export of Bulk Tea (-5.08 %).

Export earnings from Rubber and Rubber Finished products have decreased by 5.4 % y-o-y to US$ 80.12 Mn in October 2025, with the negative performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (-3.8 %) and Industrial & Surgical Gloves of Rubber (-6.33%).

Meanwhile, exports of Spices and Essential Oils decreased by 25.17 % to US$ 38.39 Mn in October 2025, largely driven by a sharp decline in pepper exports to India, which decreased by 73.6 %.

Export earnings from Seafood decreased by 9.54 % to US$ 15.36 Mn in October 2025 compared to October 2024. This increase was mainly due to the negative performance in the export of Fish Fresh or Chilled (-9.52 %) and Shrimps (-61.31 %).

Export earnings from Ornamental fish decreased by 18.78 % to US$ 1.6 Mn in October 2025 compared to October 2024.

Similarly, the estimated export value of Logistics & Transport Services is projected to decrease by 13.44 % to US$ 144.5 Mn in October 2025, compared to October 2024.

Exports during the period of January – October 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 14,433.82 Mn for the period January to October 2025, making a notable 5.99 % growth compared to the same period in 2024.

Merchandise exports during the period of January to October 2025 are estimated to increase by 6.53 %, reaching US$ 11,373.6 Mn, based on data from Sri Lanka Customs, along with the estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, the estimated value of services exports is expected to increase by 4.01 % to US$ 3,060.21 Mn compared to the corresponding period in 2024.

Products & Services with Positive Growth (Increases)

Earnings from the export of Apparel, Tea, Coconut products, and Food & Beverages increased by 5.56 %, 8.72 %, 43.83 %, and 24.89% respectively during the period of January to October of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 5.56 % to US$ 4,440.85 Mn during the period of January to October 2025 compared to the same period in 2024. Notably, exports to the United States, the United Kingdom and the EU region increased by 1.67 %, 1.19 % and 13.82 % amounting to US$ 1,630.51 Mn, US$ 588.72 Mn and US$ 1,330.6 Mn, respectively.

Earnings from export of Tea increased y-o-y by 8.72 % to US$ 1,289.58 Mn in the period of January to October 2025. This increase was mainly due to the strong performance in the export of Tea Packets (15.18 %).

Export earnings of Coconut & Coconut-based products increased by 43.83 % to US$ 1,033.09 Mn during the period January to October of 2025 compared to the last year. Earnings from all the major categories of Coconut based products increased in the period of January to October 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (81.56 %), Desiccated Coconut (36.93 %), Coconut Milk Powder (72.56 %), Coconut Cream (92.46 %), Liquid Coconut Milk (53.32 %), Cocopeat (24.48 %) and Activated Carbon (28.52%).

Export earnings from Food & Beverages have increased by 24.89 % y-o-y to US$ 499.9 Mn in the period of January to October of 2025, with the positive performance in exports of Processed food (44.72 %).

In addition, export earnings from Seafood increased by 1.81 % to US$ 199.92 Mn during the period of January to October of 2025, compared to 2024, due to the positive performance in Frozen Fish (18.08%).

Meanwhile, earnings from the export of Electrical and Electronic Components (EEC) increased by 2.14 % to US$ 354.73 Mn in the period of January to October of 2025 compared to the corresponding period of 2024. This increase was due to the positive performance in exports of Insulated Wires (6.29%) and Electrical Transformers (6.67 %).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 9.25 % to US$ 1,334.09 Mn during the period of January to October 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 6.07 % to US$ 1,572.19 Mn during the period of January to October 2025, when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 5.92 % to US$ 793.7 Mn in the period of January to October 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tube (-15.21%). 

In addition, export earnings from Spices and Essential Oils increased y-o-y by 1.38 % to US$ 368.24 Mn in the period of January to October 2025. This increase was due to the negative performance in exports of Pepper (-38.33 %). 

In addition, export earnings from Ornamental fish decreased by 5.41 % to US$ 19.57 Mn in the period of January to October 2025compared to the same period in 2024

Table 1 shows the comparison of Merchandise export performance during the month of October 2025 and the period of January to October 2025 compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                                          Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export destinations, Germany, Italy, the Netherlands, the United Arab Emirates, Canada, France and China recorded year-on-year growth in October 2025 as well as during the cumulative period from January to October 2025.

The United States, Sri Lanka’s largest single export market, accounting for 23% of the country’s merchandise exports, recorded a slight 0.46% decline to US$ 246.2 Mn in October 2025 compared to October 2024. However, exports to the United States increased by 2.68% during the period of January to October period, reaching US$ 2,498.04 Mn.

India has continued as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India decreased by 10.03 % to US$ 74.49 Mn in October 2025, while cumulative exports from January to October 2025 increased by 19.31 %, reaching US$ 866.9 Mn compared to the same period in 2024.

Exports to the United Kingdom decreased by 5.38 % to US$ 70.36 Mn in October 2025 compared to the same month in 2024. During the cumulative period from January to October 2025, exports to the UK recorded a growth of 3.45 %, reaching US$ 792.1 Mn compared to the corresponding period in 2024.

Table 2 shows the comparison of the Merchandise export performance of the top 15 export markets during the month of October 2025 and the period of January to October 2025, compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns

Exports to FTA Partners (India & Pakistan)

• October 2025

In October 2025, exports to India and Pakistan accounted for 7.86% of Sri Lanka’s total merchandise exports, recording a year-on-year decline of 8.52% to US$ 82.03 Mn, compared with October 2024.

Exports to India decreased by 10.03%, primarily due to a drop in Pepper and Petroleum products exports. In contrast, exports to Pakistan increased by 9.59%, driven mainly by higher shipments of desiccated coconut.

• January – October 2025

During the period from January to October 2025, exports to India and Pakistan accounted for 8.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 17.56 % to reach US$ 930.38 Mn compared to the same period in the previous year.

Exports to India increased significantly by 19.31 %, driven primarily by increased shipments of Petroleum Oil, Animal feed and Animal or Vegetable Fats and Oils and their Products. Meanwhile, exports to Pakistan decreased by 2.08 %, due to the decrease in exports of Betel Leaves.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of October 2025 and the period of January to October 2025 compared to 2024.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which account for 24% of Sri Lanka’s merchandise exports, increased during both October 2025 and the cumulative period of January to October 2025, respectively by 14.43 % and 12.56 %.

Exports to the top five EU markets were recoded as; Germany US$ 597.78 Mn (increased by 13.47 %), Italy US$ 572.9 Mn (increased by 13.4 %), Netherlands US$ 390.68 Mn (increased by 23.45 %), France US$ 236.53 Mn. (increased by 6.11 %) and Belgium US$ 210.32 Mn (increased by 6.98 %) during the cumulative period of January to October 2025 in comparison to the corresponding period in 2024. (Newswire)

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Sri Lanka’s export sector continued to demonstrate resilience and steady growth during the period of January to September 2025, recording total earnings of US$ 12,986.52 million. 

According to the Export Development Board of Sri Lanka (EDB), this reflects a strong 7 % increase compared to the corresponding period in 2024.

In September 2025 alone, total exports, comprising both merchandise and services, reached US$ 1,469.75 million, reflecting an impressive year-on-year growth of 12.33 % over September 2024. 

This performance highlights the strength of Sri Lanka’s export sector and the effectiveness of the strategies implemented to expand market access and enhance global competitiveness.

Commenting on the positive results, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Export Development Board (EDB), stated: “This encouraging growth reflects Sri Lanka’s deepening integration into global trade and the success of our continued efforts to enhance export competitiveness and diversify market opportunities. Our exporters have once again demonstrated remarkable resilience and innovation in navigating evolving global challenges.

Exceeding US$ 12.9 billion in cumulative export earnings by September 2025 is evidence of the strength and determination of our export community. With over 72% of our annual export target already achieved by the end of the third quarter, we remain confident that, through sustained collaboration and strategic action, Sri Lanka will successfully reach its 2025 export Target.”

According to provisional data of Sri Lanka Customs, including the estimates for Gems & Jewellery and Petroleum Products, in September 2025 alone, merchandise exports grew by 15.02 % year-on-year, reaching US$ 1,163.66 million.

For the period January to September 2025, merchandise exports totalled US$ 10,240.52 million, reflecting a 7.59 % increase compared to the same period in 2024. 

Meanwhile, services exports have emerged as a key driver of overall export growth.

In September 2025, earnings from services exports are estimated to be US$ 306.09 million. Over the first three quarters of the year, services exports are estimated to have increased by 4.48 %, totalling US$ 2,746.03 million. 

This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island. 

Full report:

Major Exports in September 2025

• Products and Services with Positive Growth (Increases)

Export earnings from Apparel & Textiles have increased by 1.53 % y-o-y to US$ 425.07 Mn in September 2025, compared to September 2024.

Export earnings from tea, which made up 12.8% of merchandise exports, increased by 17.06 % y-o-y to US$ 137.0 Mn in September 2025 compared to September 2024. This increase is mainly due to the strong performance in the export of Tea Packets (11.58%), Bulk Tea (19.36%) and Instant Tea (70.44%).

In addition, the volume of tea exports increased by 20.11 % in September 2025 compared to the same month in 2024. 

Notably, tea exports to Iraq, Turkey and Libya recorded significant increases of 28.86 %, 122.6 %, and 12.5 % respectively.

A monthly analysis reveals that export earnings from coconut-based products showed a significant increase of 72.03 % in September 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 100.34 %, Coconut fibre products by 44.43 %, and Coconut shell products by 33.7 %, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 92.66 %, 105.65 %, 167.87 % and 101.25 % respectively in September 2025 compared to September 2024.

Being the largest contributor to the coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fibre products, increased by 44.17 % to US$ 23.99 Mn in September 2025 in comparison to September 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 33.64 % to US$ 17.6 Mn in September 2025 compared to September 2024.

Export earnings from Food & Beverages have increased by 50.11 % y-o-y to US$ 49.85 Mn in September 2025, with the positive performance in exports of Processed Food (71.97 %).

Export earnings from Seafood increased by 53.07 % to US$ 22.7 Mn in September 2025 compared to September 2024. This increase was mainly due to the positive performance in the export of Fresh or Chilled Fish (108.16 %) and Frozen fish (53.9 %).

Export earnings from Ornamental fish increased by 10.14 % to US$ 2.39 Mn in September 2025 compared to September 2024.

The estimated value of Diamonds, Gems & Jewellery is expected to increase by 76.95 % to US$ 43.53 Mn in September 2025, when compared to September 2024.

Export earnings from Electrical & Electronics Components increased by 29.5 % y-o-y to US$ 36.39 Mn in September 2025.

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 27.05 % to US$ 157.76 Mn in September 2025 when compared to September 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber and Rubber Finished products have decreased by 6.55 % y-o-y to US$ 74.29 Mn in September 2025, with the negative performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (-16.27 %).

Meanwhile, exports of Spices and Essential Oils decreased by 10.18 % to US$ 43.15 Mn in September 2025, largely driven by a sharp decline in pepper exports to India, which decreased by 60.2 %.

Similarly, the estimated export value of Logistics & Transport Services is projected to decrease by 14.95 % to US$ 128.44 Mn in September 2025, compared to September 2024.

Exports during the period of January – September 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 12,986.52 Mn for the period January to September 2025, making a notable 6.92 % growth compared to the same period in 2024.

Merchandise exports during the first three quarters of 2025 are estimated to increase by 7.59 %, reaching US$ 10,240.52 Mn, based on data from Sri Lanka Customs, along with the estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, the estimated value of services exports is expected to increase by 4.49 % to US$ 2,746.03 Mn compared to the corresponding period in 2024.

Products & Services with Positive Growth (Increases)

Earnings from export of Apparel, Tea, Coconut products, Spices & Concentrates and Food & Beverages increased by 6.22 %, 9.8 %, 41.83 %, 2.41 % and 24.75 % respectively during the period of the first three quarters of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 6.22 % to US$ 4,011.66 Mn during the period of January to September 2025 compared to the same period in 2024. Notably, exports to the United States, the United Kingdom and the EU region increased by 2.03 %, 2.47 % and 14.08 % amounting to US$ 1,473.81 Mn, US$ 540.48 Mn and US$ 1,186.85 Mn respectively.

Earnings from the export of Tea increased y-o-y by 9.8 % to US$ 1,163.05 Mn in the period of January to September 2025. This increase was mainly due to the strong performance in export of Tea Packets (16.43 %) and Bulk Tea (0.36%).

Export earnings of Coconut & coconut-based products increased by 41.83 % to US$ 909.09 Mn during the first three quarters of 2025 compared to the last year. Earnings from all the major categories of Coconut based products increased in the period of January to September 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (77.84 %), Desiccated Coconut (39.5 %), Coconut Milk Powder (77.41 %), Coconut Cream (83.68 %), Liquid Coconut Milk (48.68 %), Cocopeat (25.02 %) and Activated Carbon (24.25 %).

In addition, export earnings from Spices and Essential Oils increased y-o-y by 2.41 % to US$ 329.84 Mn in the period of the first three quarters of 2025. This increase was due to the strong performance in exports of Cinnamon (21.83 %) and Cloves (172.82 %). 

Export earnings from Food & Beverages have increased by 24.75 % y-o-y to US$ 435.31 Mn in the first three quarters of 2025, with the positive performance in exports of Processed food (48.45 %).

In addition, export earnings from Seafood increased by 2.89 % to US$ 184.56 Mn during the first three quarters of 2025 compared to 2024 due to the positive performance in Frozen Fish (18.63%).

Meanwhile, earnings from export of Electrical and Electronic Components (EEC) increased by 1.77 % to US$ 315.96 Mn in the first three quarters of 2025 compared to the corresponding period of 2024. This increase was due to the positive performance in exports of Electrical Transformers (17.62 %).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 9.27 % to US$ 1,201.2 Mn during the period of January to September 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 6.67 % to US$ 1,403.0 Mn during the period of January to September 2025 when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 5.97 % to US$ 713.62 Mn in the first three quarters of 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tube (-16.3%). 

In addition, export earnings from Ornamental fish decreased by 3.96 % to US$ 17.97 Mn in the first three quarters of 2025 compared to the same period in 2024

Table 1 shows the comparison of Merchandise export performance during the month of September 2025 and the period of January to September 2025, compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                                          Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export destinations, India, Germany, Italy, the Netherlands, UAE, Canada, France and China recorded year-on-year growth in September 2025 as well as during the cumulative period from January to September 2025.

The United States, Sri Lanka’s largest single export destination accounting for 23% of country’s merchandise exports, decreased by 2.84 % to US$ 238.72 Mn in September 2025 compared to September 2024. However, exports to the United States increased by 3.04 % over the cumulative period from January to September 2025, reaching US$ 2,251.85 Mn.

India has continued as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India increased by 31.7 % to US$ 87.33 Mn in September 2025, while cumulative exports from January to September 2025 increased by 23.09 %, reaching US$ 2,251.85 Mn compared to the same period in 2024.

Exports to the United Kingdom decreased by 4.75 % to US$ 74.06 Mn in September 2025 compared to the same month in 2024. During the cumulative period from January to September 2025, exports to the UK recorded a growth of 4.4 %, reaching US$ 721.73 Mn compared to the corresponding period in 2024.

Table 2 shows the comparison of the Merchandise export performance of the top 15 export markets during the month of September 2025 and the period of January to September 2025 compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns

Exports to FTA Partners (India & Pakistan)

• September 2025

In September 2025, exports to India and Pakistan accounted for 7.86% of total merchandise exports, registering a y-o-y increase of 29.36 % to US$ 93.5 Mn, compared to September 2024.

Exports to India increased by 31.7 % primarily due to an increase in Petroleum and Animal feed exports. Meanwhile, exports to Pakistan increased by 3.18 % mainly as a result of increased shipments of Other Betel leaves

• January –September 2025

During the period from January to September 2025, exports to India and Pakistan accounted for 8.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 20.89 % to reach US$ 848.35 Mn compared to the same period in the previous year.

Exports to India increased significantly by 23.09 %, driven primarily by increased shipments of Petroleum Oil, Animal feed and Animal or Vegetable Fats and Oils and their Products. Meanwhile, exports to Pakistan decreased by 3.45 %, due to the decrease in exports of Desiccated Coconut.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of September 2025 and the period of January to September 2025 compared to 2024.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which account for 24% of Sri Lanka’s merchandise exports, increased during both August 2025 and the cumulative period of January to September 2025, respectively by 26.48 % and 14.66 %.

Exports to the top five EU markets were recoded as: Germany US$ 535.94 Mn (increased by 12.28 %), Italy US$ 506.77 Mn (increased by 14.68 %), Netherlands US$ 346.66 Mn (increased by 21.39 %), and France US$ 212.69 Mn. (increased by 6.75 %) and Belgium US$ 187.5 Mn (increased by 7.71 %) during the cumulative period of January to September 2025 in comparison to the corresponding period in 2024. (Newswire)

The post Sri Lanka’s Export Sector records nearly US$ 13 Bn in earnings by Q3 appeared first on Newswire.

Sri Lanka’s export sector continued to demonstrate resilience and steady growth during the first eight months of 2025, recording total earnings of US$11,554.32 million, according to the Export Development Board (EDB). 

Issuing a statement, the EDB states this reflects a strong 6.61% increase compared to the corresponding period in 2024.

In August 2025 alone, total exports, comprising both merchandise and services, reached US$ 1,607.58 million, recording a 2.57 % year-on-year growth over August 2024. This performance highlights the strength of Sri Lanka’s export sector and the effectiveness of strategies implemented to broaden market access and enhance global competitiveness.

Commenting on the positive results, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Export Development Board (EDB), stated: “This encouraging growth highlights Sri Lanka’s increasing integration into global trade and the success of our continued efforts to strengthen export competitiveness while diversifying market opportunities. Our exporters have once again demonstrated remarkable resilience and adaptability in navigating evolving global challenges.

“Exports exceeded US$ 1.6 billion in August alone, with cumulative earnings over US$ 11.6 billion during the first eight months of 2025. These results reflect the strength, determination, and innovation of our exporters despite global uncertainties. While we celebrate this progress, we remain mindful of the challenges ahead. With sustained efforts to enhance competitiveness and expand market opportunities, we are confident of reaching the export target set for 2025.”

According to provisional data of Sri Lanka Customs, including the estimates for Gems & Jewellery and Petroleum Products, in August 2025 alone, merchandise exports grew by 5.13 % year-on-year, reaching US$ 1,294.83 million. 

For the period January to August 2025, merchandise exports totalled US$ 9,092.85 million, reflecting a 6.89 % increase compared to the same period in 2024. 

Meanwhile, services exports have emerged as a key driver of overall export growth. In August 2025, earnings from services exports are estimated to be US$ 312.75 million.

Over the first eight months of the year, services exports are estimated to have increased by 5.57 %, totalling US$ 2,461.46 million. This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island.

The full statement of the Export Development Board : 

Major Exports in August 2025

• Products and Services with Positive Growth (Increases)

Export earnings from tea, which made up 12.8% of merchandise exports, increased by 8.73 % y-o-y to US$ 141.94 Mn in August 2025 compared to August 2024. This increase is mainly due to the strong performance in the export of Tea Packets (6.37%), Bulk Tea (11.95%) and Instant Tea (30.63%).

In addition, the volume of tea exports increased by 7.29 % in August 2025 compared to the same month in 2024. 

Notably, tea exports to the UAE, Turkey, Russia and Iran recorded significant increases of 25.57%, 22.82%, 19.3% and 52.73% respectively.

A monthly analysis reveals that export earnings from coconut-based products showed a significant increase of 42.0 % in August 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 48.2 %, Coconut fibre products by 27.6 %, and Coconut shell products by 43.93 %, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 47.46 %, 34.4 %, 93.32 % and 29.38 % respectively in August 2025 compared to August 2024.

Being the largest contributor to the coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fibre products, increased by 27.6 % to US$ 30.33 Mn in August 2025 in comparison to August 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 40.76% to US$ 19.34 Mn in August 2025 compared to August 2024.

Export earnings from Food & Beverages have increased by 12.11 % y-o-y to US$ 45.63 Mn in August 2025, with the positive performance in exports of Processed Food (85.85 %).

Export earnings from Seafood increased by 32.97 % to US$ 18.43 Mn in August 2025 compared to August 2024. This increase was mainly due to the positive performance in the export of fresh or Chilled fish (29.87 %) and Frozen fish (41.02 %).

Export earnings from Electrical & Electronics Components increased by 2.7 % y-o-y to US$ 39.92 Mn in August 2025.

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 6.43 % to US$ 147.0 Mn in August 2025 when compared to August 2024. 

Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles have slightly decreased by 0.84 % y-o-y to US$ 506.86 Mn in August 2025, compared to August 2024.

Export earnings from Rubber and Rubber Finished products have decreased by 16.23 % y-o-y to US$ 86.95 Mn in August 2025, with the negative performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (-21.31 %) and Industrial & Surgical Gloves of Rubber (-4.48 %).

Meanwhile, exports of Spices and Essential Oils decreased by 20.54% to US$ 41.35 Mn in August 2025, largely driven by a sharp decline in pepper exports to India, which decreased by 84.3%.

Export earnings from Ornamental fish decreased by 2.94 % to US$ 1.65 Mn in August 2025 compared to August 2024.

The estimated value of Diamonds, Gems & Jewellery is expected to decrease by 6.72 % to US$ 34.41 Mn in August 2025 when compared to August 2024.

Similarly, the estimated export value of Logistics & Transport Services is projected to decrease by 16.06% to US$ 152.46 Mn in August 2025, compared to August 2024.

Exports during the period of January – August 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 11,554.32 Mn for the period January to August 2025, making a notable 6.61 % growth compared to the same period in 2024.

Merchandise exports during the first eight months of 2025 are estimated to increase by 6.89 %, reaching US$ 9,092.85 Mn, based on data from Sri Lanka Customs, along with the estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, the estimated value of services exports is expected to increase by 5.57 % to US$ 2,461.46 Mn compared to the corresponding period in 2024.

Products & Services with Positive Growth (Increases)

Earnings from export of Apparel, Tea, Coconut products, Spices & Concentrates and Food & Beverages increased by 6.81 %, 8.89 %, 38.05 %, 4.6 % and 22.11% respectively during the period of the first eight months of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 6.81 % to US$ 3,586.6 Mn during the period of January to August 2025 compared to the same period in 2024. Notably, exports to the United States, the United Kingdom and the EU region increased by 2.81 % , 4.69 % and 14.5 % amounting to US$ 1,278.47 Mn, US$ 472.01 Mn and US$ 1,060.57 Mn respectively.

Earnings from the export of Tea increased y-o-y by 8.89 % to US$ 1,026.03 Mn in the period of January to August 2025. This increase was mainly due to the strong performance in the export of Tea Packets (17.1 %).

Export earnings of Coconut & coconut-based products increased by 38.05 % to US$ 786.64 Mn during the first eight months of 2025 compared to the previous year. Earnings from all the major categories of Coconut based products increased in the period of January to August 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (75.8 %), Desiccated Coconut (34.6 %), Coconut Milk Powder (74.14 %), Coconut Cream (74.07%), Liquid Coconut Milk (42.18 %), Cocopeat (22.65 %) and Activated Carbon (23.05 %).

In addition, export earnings from Spices and Essential Oils increased y-o-y by 4.6 % to US$ 286.7 Mn in the period of the first eight months of 2025. This increase was due to the strong performance in exports of Cinnamon (23.12%) and Cloves (187.8%). 

Export earnings from Food & Beverages have increased by 22.11 % y-o-y to US$ 385.48 Mn in the first eight months of 2025, with the positive performance in exports of Processed food (45.88 %).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 6.61 % to US$ 1,039.49 Mn during the period of January to August 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 11.94 % to US$ 1,303.18 Mn during the period of January to August 2025, when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 5.9% to US$ 639.31 Mn in the first eight months of 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tubes (-16.31%). 

Further, export earnings from Seafood decreased by 1.62 % to US$ 161.87 Mn during the first eight months of 2025 compared to 2024 due to the negative performance in Fresh Fish (-12.47 %) and Shrimps (-44.7 %).

Meanwhile, earnings from the export of Electrical and Electronic Components (EEC) slightly decreased by 0.98 % to US$ 279.58 Mn in the first eight months of 2025 compared to the corresponding period of 2024. This decrease was due to the poor performance in exports of Insulated Wires and Cables (-5.54 %) and Printed Circuits (-63.94 %).

Table 1 shows the comparison of Merchandise export performance during the month of August 2025 and the period of January to August 2025 compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                                          Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export destinations, the United States, Italy, the Netherlands, and France recorded year-on-year growth in August 2025 as well as during the cumulative period from January to August 2025.

The United States, Sri Lanka’s largest single export destination, accounting for 23% of the country’s merchandise exports, increased by 1.03 % to US$ 304.07 Mn in August 2025 compared to August 2024. Furthermore, exports to the United States increased by 3.78 % over the cumulative period from January to August 2025, reaching US$ 2,013.13 Mn.

In August 2025, exports to the United Kingdom, Sri Lanka’s second-largest export destination, decreased by 4.81% to US$ 82.38 Mn compared to August 2024.

However, during the cumulative period from January to August 2025, India emerged as Sri Lanka’s second-largest export destination, overtaking the UK. Exports to India increased by 22.1% to US$ 705.08 Mn compared to the same period in 2024.

Table 2 shows the comparison of the Merchandise export performance of the top 15 export markets during the month of August 2025 and the period of January to August 2025, compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns

Exports to FTA Partners (India & Pakistan)

• August 2025

In August 2025, exports to India and Pakistan accounted for 7.86% of total merchandise exports, registering a y-o-y decrease of 5.66 % to US$ 88.04 Mn, compared to August 2024.

Exports to India decreased by 5.86 % primarily due to a sharp drop in Pepper exports (-84.3%). Meanwhile, exports to Pakistan decreased by 3.32 % mainly as a result of reduced shipments of Other Base Metal Products (-18.75%).

• January –August 2025

During the period from January to August 2025, exports to India and Pakistan accounted for 8.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 19.92 % to reach US$ 754.85 Mn compared to the same period in the previous year.

Exports to India increased significantly by 22.1 %, driven primarily by increased shipments of Petroleum Oil, Animal feed, Animal or Vegetable Fats and Oils and their Products. Meanwhile, exports to Pakistan decreased by 4.21 %, due to the decrease in exports of Desiccated Coconut and Base Metal products. 

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of August 2025 and the period of January to August 2025 compared to 2024.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which account for 24% of Sri Lanka’s merchandise exports, increased during both August 2025 and the cumulative period of January to August 2025, respectively by 0.27 % and 13.26 %.

Exports to the top five EU markets were recoded as: Germany US$ 477.56 Mn (increased by 11.06 %), Italy US$ 447.12 Mn (increased by 13.0 %), Netherlands US$ 305.2 Mn (increased by 20.5 %), France US$ 188.1 Mn. (increased by 5.38 %) and Belgium US$ 165.57 Mn (increased by 7.11 %) during the cumulative period of January to August 2025 in comparison to the corresponding period in 2024. (Newswire)

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The Sri Lanka Export Development Board (EDB) reports that the highest monthly export earnings recorded in the country were achieved in July.

EDB Chairman Mangala Wijesinghe stated that export earnings rose to USD 1,641 million during the month of July.

He made this announcement while addressing a media briefing organized by the Government Information Department.

“This marks the highest monthly export growth Sri Lanka has ever achieved. Export income from the goods sector increased to USD 1,304 million, showing a 15.37% growth compared to last year. The services sector earned USD 337 million in export income. We’ve seen significant growth in apparel, tea, coconut-based products, processed foods, jewellery, vegetables, and fruits. In the services sector, transport showed a notable 14% increase in export earnings. The United States remains our largest export destination, with over USD 275 million in exports. Germany saw a 57% increase. We also observed remarkable growth in export income to countries like Italy, India, and Australia during July,” he said.

Chairman Mangala Wijesinghe further stated that from January to July, export earnings have now reached close to USD 10 billion. 

“This is a remarkable increase and is Sri Lanka’s highest export growth over a seven-month period. We expect the foreign exchange reserves to reach USD 7.3 billion this year. Of the nearly USD 10 billion in export earnings, the goods sector contributed around USD 7.8 billion, while the services sector grew to USD 2,192 million. Overall, this reflects a 7.79% growth for the first seven months,” he said. (Newswire)

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Sri Lanka’s total exports reached US$ 9,992.53 million, marking a robust 7.79 % growth compared to the corresponding period in 2024, the Export Development Board (EDB) of Sri Lanka reported.

According to the EDB, Sri Lanka’s export sector has demonstrated remarkable resilience and steady momentum during the first seven months of 2025.

In July 2025 alone, total exports, comprising both merchandise and services, reached US$ 1,641.11 million, recording an impressive 12.68 % year-on-year growth over July 2024. 

This performance highlights the strength of Sri Lanka’s export sector and the effectiveness of strategies implemented to broaden market access and enhance global competitiveness.

Commenting on the positive results, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Export Development Board (EDB), stated: “This encouraging growth highlights Sri Lanka’s increasing integration into global trade and the success of our continued efforts to strengthen export competitiveness while diversifying market opportunities. Our exporters have once again proven their resilience and adaptability in navigating dynamic global markets. 

It is encouraging to see exports surpassing US$ 1.6 billion in July and reaching nearly US$ 10 billion in the first seven months. This reflects the resilience of our exporters amidst global challenges. While we celebrate this progress, we remain cautious of uncertainties ahead. With continued efforts to enhance competitiveness and diversify markets, we are confident of achieving the 2025 export target.”

In July 2025 alone, merchandise exports grew by 15.37 % year-on-year, reaching US$ 1,304.0 million, according to provisional data of Sri Lanka Customs, including the estimates for Gems & Jewellery and Petroleum Products. 

For the period January to July 2025, merchandise exports totalled US$ 7,799.82 million, reflecting 7.22 % increase compared to the same period in 2024. 

Meanwhile, services exports have emerged as a key driver of overall export growth. In July 2025, earnings from services exports are estimated to be US$ 337.11 million.

Over the first seven months of the year, services exports are estimated to have increased by 9.86 %, totalling US$ 2,192.71 million. 

This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island.

The full EDB statement on Sri Lanka’s export performance:

Major Exports in July 2025

• Products and Services with Positive Growth (Increases)

Export earnings from tea, which made up 12.8% of merchandise exports, increased by 13.09% y-o-y to US$ 141.02 Mn in July 2025 compared to July 2024. This increase is mainly due to the strong performance in the export of Tea Packets (18.34%), Bulk Tea (4.7%) and Instant Tea (77.10%).

In addition, the volume of tea exports increased by 12.56 % in July 2025 compared to the same month in 2024. 

Notably, tea exports to Iraq and Libya recorded significant increases of 25.84%, 126.13% respectively, while tea exports to Iran have decreased by 17.52% in July 2025 compared to the same month in 2024.

A monthly analysis reveals that export earnings from coconut-based products showed a significant increase of 63.85% in July 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 95.46%, Coconut fibre products by 25.36%, and Coconut shell products by 37.33%, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 129.71%, 100.89%, 92.87% and 104.81% respectively in July 2025 compared to July 2024.

Being the largest contributor to the coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fiber products, increased by 25.66% to US$ 22.77 Mn in July 2025 in comparison to July 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 42.45% to US$ 19.16 Mn in July 2025 compared to July 2024.

Export earnings from Food & Beverages have increased by 64.47% y-o-y to US$ 60.92 Mn in July 2025, with the positive performance in exports of Processed Food (65.55%).

Export earnings from Apparel & Textiles have slightly increased by 8.15% y-o-y to US$ 479.90 Mn in July 2025, compared to July 2024.

Export earnings from Rubber and Rubber Finished products have increased by 10.10% y-o-y to US$ 84.56 Mn in July 2025, with the positive performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (10.38 %) and Industrial & Surgical Gloves of Rubber (4.87%).

Export earnings from Seafood increased by 78.17% to US$ 39.25 Mn in July 2025 compared to July 2024. This increase was mainly due to the positive performance in the export of fresh or Chilled (148.54%) and Frozen fish (44.28%).

Furthermore, export earnings from Ornamental fish increased by 148.97% to US$ 4.83 Mn in July 2025 compared to July 2024.

Moreover, the estimated value of Diamonds, Gems & Jewellery is expected to increase by 18.52 % to US$ 38.5 Mn in July 2025 when compared to July 2024.

Furthermore, the estimated value of Logistics and Transport services is projected to rise by 14.33 % to reach US$ 178.74 Mn in July 2025 compared to July 2024.

• Products with Negative Growth (Decreases)

Export earnings from Spices and Essential Oils decreased by 39.85% to US$ 36.81 Mn in July 2025 compared to July 2024. This significant drop was primarily driven by a sharp decrease in Pepper exports, which decreased by 81.18%. Additionally, Cinnamon exports also recorded a year-on-year decrease of 2.53% in July 2025.

Furthermore, export earnings from Electrical & Electronics Components decreased slightly by 0.57% y-o-y to US$ 38.22 Mn in July 2025.

Exports during the period of January – July 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 9,992.53 Mn for the period January to July 2025, making a notable 7.79 % growth compared to the same period in 2024.

Merchandise exports during the first seven months of 2025 are estimated to increase by 7.22 %, reaching US$ 7,799.82 Mn, based on data from Sri Lanka Customs, along with the estimated figures for Gems & Jewellery and Petroleum Products.

Meanwhile, the estimated value of services exports is expected to increase by 9.86 % to US$ 2,192.71 Mn compared to the corresponding period in 2024.

Products & Services with Positive Growth (Increases)

Earnings from export of Apparel, Tea, Coconut products, Spices & Concentrates and Food & Beverages increased by 8.18 %, 8.92 %, 37.34 %, 10.51 % and 23.59 % respectively during the period of the first seven months of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 8.18 % to US$ 3079.76 Mn during the period of January to July 2025 compared to the same period in 2024. Notably, exports to the United States, the United Kingdom and the EU region increased by 3.16%, 5.76%, and 17.9% amounting to US$ 1099.22 Mn, US$ 428.14 Mn and US$ 924.86 Mn, respectively.

Earnings from export of Tea increased y-o-y by 8.92 % to US$ 884.09 Mn in the period of January to July 2025. This increase was mainly due to the strong performance in the export of Tea Packets (18.95 %).

Export earnings of Coconut & Coconut-based products increased by 37.34% to US$ 660.61 Mn during the first seven months of 2025 compared to the previous year. Earnings from all the major categories of Coconut based products increased in the period of January to July 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (81.81%), Desiccated Coconut (30.98%), Coconut Milk Powder (83.29%), Coconut Cream (70.37%), Liquid Coconut Milk (44.94%), Cocopeat (20.72%) and Activated Carbon (20.30%).

In addition, export earnings from Spices and Essential Oils increased y-o-y by 10.51% to US$ 245.36 Mn in the period of the first seven months of 2025. This increase was due to the strong performance in exports of Cinnamon (19.25%) and Cloves (212.56%). 

Export earnings from Food & Beverages have increased by 22.59 % y-o-y to US$ 339.85 Mn in the first seven months of 2025, with the positive performance in exports of Processed food (41.99%).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 7.23 % to US$ 897.49 Mn during the period of January to July 2025 when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 21.24 % to US$ 1,195.25 Mn during the period of January to July 2025 when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 4.05% to US$ 552.36 Mn in the first seven months of 2025 compared to the same period in 2024 attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tubes (-15.48%). 

Further, export earnings from Seafood decreased by 4.81% to US$ 143.43 Mn during the first seven months of 2025 compared to year 2024 due to the negative performance in Fresh Fish (-16.52%) and Shrimps (-51.05%).

Meanwhile, earnings from the export of Electrical and Electronic Components (EEC) decreased by 1.57% to US$ 239.66 Mn in the first seven months of 2025 compared to the corresponding period of 2024. This decrease was due to the poor performance in exports of Insulated Wires and Cables (-8.27%) and Printed Circuits (-62.46%).

Table 1 shows the comparison of Merchandise export performance during the month of July 2025 and the period of January to July 2025 compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                                          Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Except for the Netherlands, the top 10 export destinations recorded positive y-o-y growth in July 2025. Additionally, except for the Netherlands and Canada, the top 10 export destinations showed positive y-o-y growth during the cumulative period from January to July 2025.

The United States, Sri Lanka’s largest single export destination, accounting for 23% of the country’s merchandise exports, increased by 2.64 % to US$ 274.07 Mn in July 2025 compared to July 2024. Furthermore, exports to the United States increased by 4.29 % over the cumulative period from January to July 2025, reaching US$ 1,709.06 Mn.

India has continued as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India increased by 28.87 % to US$ 118.69 Mn in July 2025, while cumulative exports from January to July 2025 surged by 26.97 %, reaching US$ 624.31 Mn compared to the same period in 2024.

Exports to the United Kingdom increased by 9.37 % to US$ 81.37 Mn in July 2025 compared to the same month in 2024. During the cumulative period from January to July 2025, exports to the UK recorded a growth of 7.26 %, reaching US$ 565.29 Mn compared to the corresponding period in 2024.

Table 2 shows the comparison of the Merchandise export performance of the top 15 export markets during the month of July 2025 and the period of January to July 2025, compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns

Exports to FTA Partners (India & Pakistan)

• July 2025

In July 2025, exports to India and Pakistan accounted for 7.86% of total merchandise exports, registering a significant y-o-y growth of 29.48% to reach US$127.89 Mn, compared to July 2024.

Exports to India increased by 28.87%, primarily driven by higher shipments of Petroleum Oil and Animal Feed. Meanwhile, exports to Pakistan increased by 37.93%, largely due to a sharp increase in exports of betel leaves.

• January – July 2025

During the period from January to July 2025, exports to India and Pakistan accounted for 8.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 24.38 % to reach US$ 666.82 Mn compared to the same period in the previous year.

Exports to India increased significantly by 26.97 %, driven primarily by increased shipments of Petroleum Oil, Animal feed and Animal or Vegetable Fats and Oils and their Products. Meanwhile, exports to Pakistan decreased by 4.36 %, due to the decrease in exports of Desiccated Coconut and Base Metal products. 

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of July 2025 and the period of January to July 2025 compared to 2024.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which account for 24% of Sri Lanka’s merchandise exports, increased during both July 2025 and the cumulative period of January to July 2025, respectively by 40.39 % and 15.64 %.

Exports to the top five EU markets were recoded as: Germany US$ 420.69 Mn (increased by16.76 %), Italy US$ 379.88 Mn (increased by 12.43 %), the Netherlands US$ 265.57 Mn (increased by 23.6 %), and France US$ 160.68 Mn. (increased by 6.3 %) and Belgium US$ 139.3 Mn (increased by 6.56 %) during the cumulative period of January to June 2025 in comparison to the corresponding period in 2024. (Newswire)

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The Sri Lanka Export Development Board (EDB) today held a discussion with high-level government officials and numerous export sector representatives regarding the 20% tariff recently imposed by the United States on Sri Lankan goods. 

According to the EDB, the discussion focused on planning future actions to be taken to face the impact of American tariffs.

EDB Chairman and CEO Mr. Mangala Wijesinghe opened the session, emphasizing the importance of a unified program in the export industry to face the tariff challenge. 

Strategic addresses by three key government secretaries regarding policies and support mechanisms that the government is set to implement for businesses affected by the American tariff impact were a special feature of this discussion.

Secretary of the Ministry of Finance and Planning, Dr. Harshana Suriyapperuma, provided important insights into the government’s financial strategy to support exporters affected during this challenging period. 

Secretary of the Ministry of Industry and Entrepreneurship Development, J.M. Tilaka Jayasundara, provided special insights into industrial adaptation strategies and innovation, while Secretary of the Ministry of Trade, Commerce, Food Security and Cooperative Development, K.A. Vimalenthirarajah, shared views on immediate and long-term trade policy responses.

A special feature of this discussion was the comprehensive presentation on “market opportunities available to Sri Lanka under new American tariffs” presented by Acting Director of Market Development Division, Saumya Kannangara. This presentation outlined the potential for Sri Lankan exporters to diversify their exports to find new market segments, develop alternative trade strategies, and reduce dependence on American markets.

Allocating considerable time for interactive discussion and Q&A, exporters were given the opportunity to raise specific issues, share practical experiences, and present suggestions for innovative solutions.

Rather than viewing the 20% American tariff merely as an obstacle, attention was focused on strategies for market diversification, product innovation, improving operational efficiency, and adding value to maintain competitiveness.

The session concluded with the aim of continuous dialogue, follow-up meetings, and utilizing emerging opportunities in European, Asian, and other international markets while minimizing the immediate impact of tariff restrictions. (Newswire)

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Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first six months of 2025, with total exports reaching US$ 8,337.86 million, marking a robust 6.70 % growth, compared to the same period in 2024. 

According to the Export Development Board, total exports, including both merchandise and services, reached US$ 1,460.34 million in June 2025. 

This shows an impressive year-on-year growth of 8.73% over June 2024, highlighting the strength of Sri Lanka’s export sector and the effectiveness of ongoing strategies to broaden market reach and improve global competitiveness.

In June 2025 alone, merchandise exports grew by 6.85 % year-on-year, reaching US$ 1,150.73 million, according to provisional data of Sri Lanka Customs, including the estimates for Gems & Jewellery and Petroleum Products. 

For the period January to June 2025, merchandise exports totalled US$ 6,504.72 million, reflecting a 5.86% increase compared to the same period in 2024. 

Meanwhile, services exports have emerged as a key driver of overall export growth. In June 2025, earnings from services exports are estimated to be US$ 309.61 million. 

Over the first six months of the year, services exports are estimated to have increased by 9.78 %, totalling US$ 1,833.14 million. This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island.

Full statement;

Major Exports in June 2025

• Products and Services with Positive Growth (Increases)

Export earnings from tea, which made up 12.8% of merchandise exports, increased by 9.21% y-o-y to US$ 132.97 Mn in June 2025 compared to June 2024. This increase is mainly due to the strong performance in the export of Tea Packets (25.53%) and Instant Tea (49.65%).

In addition, the volume of tea exports increased by 11.02 % in June 2025 compared to the same month in 2024. Notably, tea exports to Iraq and Libya recorded significant increases of 82.99%, 172.38% respectively, while tea exports to Iran have decreased by 55.31% in June 2025 compared to the same month in 2024.

A monthly analysis reveals that export earnings from coconut-based products show a significant increase of 59.62% in June 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 88.56%, Coconut fibre products by 33.61%, and Coconut shell products by 13.09%, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 97.09%, 83.03%, 131.26% and 96.79% respectively in June 2025 compared to June 2024.

Being the largest contributor to the Coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fibre products, increased by 33.14% to US$ 20.17 Mn in June 2025 in comparison to June 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 11.55% to US$ 13.62 Mn in June 2025 compared to June 2024.

Export earnings from Food & Beverages have increased by 28.33% y-o-y to US$ 47.43 Mn in June 2025, with the positive performance in exports of Processed Food (46.44%).

Export earnings from Apparel & Textiles have slightly increased by 3.71 % y-o-y to US$ 463.12 Mn in June 2025, compared to June 2024.

Moreover, the estimated value of Diamonds, Gems & Jewellery is expected to increase by 26.96% to US$ 37.90 Mn in June 2025, when compared to June 2024.

Furthermore, the estimated value of Logistics and Transport services is projected to rise by 12.39% to reach US$ 148.18 Mn in June 2025 compared to June 2024.

Similarly, the estimated value of ICT/BPM exports is expected to grow by 34.12% to US$ 147.18 Mn in June 2025 compared to June 2024.

• Products with Negative Growth (Decreases)

Similarly, export earnings from Spices and Essential Oils have decreased by 27.16% to US$ 34.90 Mn in the month of June 2025 compared to the month of June 2024, mainly due to the poor performance in the export of Pepper (-57.13%).

Export earnings from Rubber and Rubber Finished products have decreased by 1.04% y-o-y to US$ 81.77 Mn in June 2025, with the poor performance in exports of Sheet Rubber (-66.67%). 

Export earnings from Seafood decreased by 23.83% to US$ 15.66 Mn in June 2025 compared to June 2024. This decrease was mainly due to the negative performance in the export of Fish Fresh or Chilled (-63.35%).

Furthermore, export earnings from Ornamental fish decreased by 54.66% to US$ 1.07 Mn in June 2025 compared to June 2024.

In addition, export earnings from the Electrical & Electronics Components decreased by 5.58% y-o-y to US$ 34.19 Mn in June 2025.

Exports during the period of January – June 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 8,337.86 Mn for the period January to June 2025, making a notable 6.70 % growth compared to the same period in 2024.

Merchandise exports during the first six months of 2025 are estimated to increase by 5.86 %, reaching US$ 6,504.72 Mn, based on data from Sri Lanka Customs, along with the estimated figures for Gems & Jewellery and Petroleum Products.

Products & Services with Positive Growth (Increases)

Earnings from export of Apparel, Tea, Coconut products, Spices & Concentrates and Food & Beverages increased by 8.19 %, 8.16 %, 32.40 %, 29.64 % and 17.22 % respectively during the period of first six months of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 8.19 % to US$ 2,599.87 Mn during the period of January to June 2025 compared to the same period in 2024. Notably, exports to the United States and the United Kingdom increased by 4.35% and 6.77%, amounting to US$ 919.92Mn and US$ 371.54Mn respectively.

Earnings from the export of Tea increased y-o-y by 8.16 % to US$ 743.07 Mn in the period of January to June 2025. This increase was mainly due to the strong performance in the export of Tea Packets (19.06 %).

Export earnings of Coconut & Coconut-based products increased by 32.40 % to US$ 536.65 Mn during the first six months of 2025 compared to the last year. Earnings from all the major categories of Coconut based products increased in the period of January to June 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (72.36%), Desiccated Coconut (23.12%), Coconut Milk Powder (80.15%), Coconut Cream (65.96%), Liquid Coconut Milk (35.43%), Cocopeat (19.80%) and Activated Carbon (16.35%).

In addition, export earnings from Spices and Essential Oils increased y-o-y by 29.64% to US$ 208.53 Mn in the period of first six months of 2025. This increase was due to the strong performance in exports of Pepper (26.86%), Cinnamon (25.01%) & Cloves (277.67%). 

Export earnings from Food & Beverages have increased by 17.22% y-o-y to US$ 278.93 Mn in the first six months of 2025, with the positive performance in exports of Processed food (37.18%).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 11.02% to US$ 764.48 Mn during the period of January to June 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 17.92% to US$ 974.33 Mn during the period of January to June 2025, when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 6.22% to US$ 467.81 Mn in the first six months of 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tubes (-19.07%). 

Further, export earnings from Seafood decreased by 19.02% to US$ 104.17 Mn during the first six months of 2025 compared to year 2024 due to the negative performance in Fresh Fish (-41.77 %) and Shrimps (-60.93%).

Meanwhile, earnings from the export of Electrical and Electronic Components (EEC) decreased by 1.74% to US$ 201.45 Mn in the first six months of 2025 compared to the corresponding period of 2024. This decrease was due to the poor performance in exports of Insulated Wires and Cables (-11.22%) and Printed Circuits (-64.12%).

Table 1 shows the comparison of Merchandise export performance during the month of June 2025 and the period of January to June 2025 compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                                          Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export markets, the United Kingdom, India, Italy, Germany, the Netherlands, and France have shown positive growth in both June 2025 and the cumulative period of January to June 2025 compared to the corresponding periods in 2024.

United States, Sri Lanka’s single largest export destination, which absorbs 23% of Sri Lanka’s merchandise exports, slightly decreased by 0.73 % to US$ 252.34 Mn in June 2025 compared to June 2024. However, exports to the United States over the cumulative period from January to June 2025 increased by 4.61%, reaching US$ 1,434.99 Mn.

Exports to the United Kingdom increased by 22.38% to US$ 91.64 Mn in June 2025 compared to the same month in 2024. During the cumulative period from January to June 2025, exports to the UK recorded a growth of 6.92%, reaching US$ 483.93 Mn compared to the corresponding period in 2024.

India has continued as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India increased by 9.23% to US$ 95.88 Mn in June 2025, while cumulative exports from January to June 2025 surged by 26.54 %, reaching US$ 505.62 Mn compared to the same period in 2024.

Table 2 shows the comparison of Merchandise export performance of the top 15 export markets during the month of June 2025 and the period of January to June 2025, compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns

Exports to FTA Partners (India & Pakistan)

• June 2025

In June 2025, exports to India and Pakistan accounted for 7.86% of total merchandise exports, registering a slight increment of year-on-year growth of 5.94% to reach US$ 100.64 Mn compared to June 2024.

Exports to India increased by 9.23%, primarily driven by increased shipments of Animal Feed and Petroleum Oil. Meanwhile, exports to Pakistan decreased by 34.07%, largely attributed to a sharp decline in exports of Sheet rubber and Betel leaves

• January – June 2025

During the period from January to June 2025, exports to India and Pakistan accounted for 8.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 23.22 % to reach US$ 538.93Mn compared to the same period in the previous year.

Exports to India increased significantly by 26.54%, driven primarily by increased shipments of Petroleum oil and Animal feed. Meanwhile, exports to Pakistan decreased by 11.83%, due to the decrease in exports of Betel leaves and Desiccated Coconut. 

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of June 2025 and the period of January to June 2025 compared to 2024.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which account for 24% of Sri Lanka’s merchandise exports, increased during both June 2025 and the cumulative period of January to June 2025, respectively, by 23.44% and 10.30%.

Exports to the top five EU markets were recoded as: Germany US$ 348.15 Mn (increased by13.14%), Italy US$ 316.37 Mn (increased by 6.3 %), Netherlands US$ 221.66Mn (increased by 22.46%), France US$ 131.98 Mn. (increased by 1.17%) and Belgium US$ 114.94Mn (increased by 3.71%) during the cumulative period of January to June 2025 in comparison to the corresponding period in 2024. (Newswire)

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The Sri Lanka Export Development Board (EDB) and the Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) have held a key discussion to explore collaborative pathways for the development of the local pharmaceutical sector with a strong focus on export growth and overcoming key industry bottlenecks. 

Recognized as a promising and emerging sector, Sri Lanka’s pharmaceutical manufacturing industry is poised not only to make Sri Lanka self-sufficient in essential medicine but also to position itself as a key export-oriented industry capable of earning and saving valuable foreign exchange. Currently, approximately 25 local pharmaceutical manufacturers operate in the country, and they have collectively invested over Rs. 100 billion during the past ten years. 

These investments aim to expand manufacturing capabilities and meet the increasing demand in both domestic and international markets. The local industry presently holds a 15% share of the domestic pharmaceutical market and supplies over 80% of its production to the government’s Medical Supplies Division (MSD). In 2024, Sri Lanka’s pharmaceutical exports reached $ 8.07 million.

As such, a meeting was held between the Sri Lanka Export Development Board and the Sri Lanka Pharmaceutical Manufacturers’ Association last week focusing on the pharmaceutical manufacturing sector.

The meeting was attended by the key representatives of the SLPMA, including Mr. Nalin Kannangara (President), Mr. Dinesh Athapaththu (Senior Vice President), Mr. Viraj Manatunga (Vice President), Dr. Janaka Wickramasinghe (COO, Navesta Pharmaceuticals), Dr. Anoop Segar (Sands Active Pvt. Ltd.), and Mr. Kalana Hewmallika (Chairman, Gamma Interpharm Pvt. Ltd.).

Expressing his views at the discussion, the SLMPA President, Mr. Nalin Kannangara, highlighted that the 23 member companies of the association supply around 35% of the pharmaceutical requirements of government hospitals and produce over 235 products locally. He emphasized that the primary constraint in accessing global markets lies in meeting the stringent international regulatory standards, a challenge inherent to this highly regulated sector.

He further stressed the importance of extending the government’s buyback agreement, which enabled local manufacturers to progress from 15 products in 2015 to 235 products in 2025, to support manufacturers in scaling up production.  The extension of the buyback agreement would aid larger batch production, helping manufacturers reduce unit costs and enhance competitiveness globally.

The discussion also shed light on the complexity of pharmaceutical exports compared to other product categories. Export procedures typically require registration with the buyer country’s medical regulatory authority, often entailing significant time and costs. In addition, documentation such as product registration certificates and GMP certificates must be authenticated by the respective country missions in Sri Lanka. Hence, stakeholders strongly advocated for increased institutional support to facilitate global market entry.

Mr. Viraj Manatunga, Vice President of the SLPMA and Chairman of the Pharmaceutical Advisory Committee – EDB, underscored the critical need for a comprehensive strategy for the pharmaceutical manufacturing sector. He acknowledged the EDB’s prior engagement with the Ministry of Health and the World Health Organization (WHO) – Sri Lanka, which laid the foundation for the current ADB-funded programme on development of a Strategy for the Sri Lankan Pharmaceutical Sector. The strategy is now in its final development phase following a detailed situational analysis. Mr. Manatunga highlighted that the implementation and adaptation of this strategy would be vital to unlocking the sector’s full potential.

The meeting concluded with EDB Chairman Mr. Mangala Wijesinghe, urging stakeholders to compile and submit the key challenges facing the sector to the Export Development Council of Ministers (EDCM) meeting, chaired by His Excellency the President of Sri Lanka, in order to secure high-level policy attention and resolution to increase the export potential of the nation’s pharmaceutical industry. (Newswire)

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Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first five months of 2025, with total exports reaching US$6,933.35 million, marking a robust 7.14% growth compared to the same period in 2024. 

According to the Export Development Board (EDB), total exports, including both merchandise and services, reached US$1,386.66 million in May 2025. This shows an impressive year-on-year growth of 6.35% over May 2024, reflecting the resilience of Sri Lanka’s export sector and the positive impact of strategic efforts to diversify markets and enhance competitiveness.

In May 2025 alone, merchandise exports grew by 1.70 % year-on-year, reaching US$1,028.52 million, according to provisional data of Sri Lanka Customs, including the estimates for Gems & Jewellery and Petroleum Products. For the period January to May 2025, merchandise exports totalled US$5,344.23 million, reflecting a 5.46% increase compared to the same period in 2024. 

Meanwhile, services exports have emerged as a key driver of overall export growth. In May 2025, earnings from services exports were estimated to be US$358.14 million. Over the first five months of the year, services exports are estimated to have increased by 13.20%, totalling US$1,589.12 million. This trend highlights the rising importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings.

The services export sector, comprising ICT/BPM, Construction, Financial services, and Transport & Logistics, continues to diversify Sri Lanka’s export portfolio and create high-value employment opportunities across the Island.

Full statement of the EDB :

Major Exports in May 2025

• Products and Services with Positive Growth (Increases)

Export earnings from tea, which made up 12.8% of merchandise exports, increased by 14.58 % y-o-y to US$131.81 Mn in May 2025 compared to May 2024. This increase is mainly due to the strong performance in the export of Tea Packets (14.61%).

In addition, the volume of tea exports increased by 13.78 % in May 2025 compared to the same month in 2024. Notably, tea exports to Iraq, Libya and Iran recorded significant increases of 53.74%, 236.84%, and 123.31 %, respectively.

A monthly analysis reveals that export earnings from coconut-based products show a significant increase of 33.33% in May 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 48.78%, Coconut fibre products by 13.45%, and Coconut shell products by 35.29%, reflecting strong global demand and improved value addition across the sector.

Export earnings from Coconut Oil, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk, which are categorized under the Coconut kernel products, increased by 93.59%, 52.77%, 47.26% and 36.92% respectively in May 2025 compared to May 2024.

Being the largest contributor to the Coconut-based sector, Coco Peat, Fibre Pith & Moulded products, which are categorized under the Coconut fibre products, increased by 8.06% to US$18.76 Mn in May 2025 in comparison to May 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 35.29% to US$16.33 Mn in May 2025 compared to May 2024.

Similarly, export earnings from Spices and Essential Oils increased by 20.25% to US$30.64 Mn in the month of May 2025 compared to the month of May 2024, mainly due to the strong performance in the export of Cinnamon (67.65%) and Cloves (37.00%). 

Export earnings from Food & Beverages have increased by 17.22% y-o-y to US$49.49 Mn in May 2025, with the positive performance in exports of Processed Food (32.45%).

In addition, export earnings from the Electrical & Electronics Components increased by 23.12% y-o-y to US$38.02 Mn in May 2025, with a notable increase in the exports of Electrical Transformers (63.64 %) and Switches, Boards & Panels (52.91%).

Moreover, the estimated value of Diamonds, Gems & Jewellery is expected to increase by 5.53% to US$31.40 Mn in May 2025 when compared to May 2024.

Furthermore, the estimated value of Logistics & transport services is expected to increase by 31.40% to US$206.14 Mn in May 2025 when compared to May 2024.

• Products with Negative Growth (Decreases)

Export earnings from Apparel & Textiles have slightly decreased by 0.38 % y-o-y to US$388.81 Mn in May 2025, compared to May 2024.

Export earnings from Rubber and Rubber Finished products have decreased by 9.33% y-o-y to US$73.6 Mn in May 2025, with the poor performance in exports of Sheet Rubber (- 40.91 %). 

Export earnings from Seafood decreased by 22.11% to US$13.56 Mn in May 2025 compared to May 2024. This decrease was mainly due to the negative performance in ethe xport of Fish Fresh or Chilled (-53.64%).

Furthermore, export earnings from Ornamental fish decreased by 57.43% to US$0.86 Mn in May 2025 compared to May 2024.

Exports during the period of January – May 2025

Cumulative total exports, including both merchandise and services, were estimated at US$6,933.35 Mn for the period January to May 2025, making a notable 7.14% growth compared to the same period in 2024.

Merchandise exports during the first five months of 2025 are estimated to increase by 5.46%, reaching US$5,344.23 Mn, based on data from Sri Lanka Customs, along with the estimated figures for Gems & Jewellery and Petroleum Products.

Products & Services with Positive Growth (Increases)

Earnings from export of Apparel, Tea, Coconut products, Spices & Concentrates and Food & Beverages increased by 9.20 %, 7.93 %, 26.89 %, 53.76 % and 15.21 % respectively during the period of the first five months of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 9.20 % to US$2136.74 Mn during the period of January to May 2025 compared to the same period in 2024. Notably, exports to the United States and the United Kingdom increased by 6.82 % and 4.00 %, amounting to US$753.37 Mn and US$303.04 Mn , respectively.

Earnings from the export of Tea increased y-o-y by 7.93 % to US$610.1 Mn in the period of January to May 2025. This increase was mainly due to the strong performance in the export of Tea Packets (17.73 %).

Export earnings of Coconut & Coconut-based products increased by 26.89 % to US$427.69 Mn during the first five months of 2025 compared to the last year. Earnings from all the major categories of Coconut based products increased in the period of January to May 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (66.33%), Desiccated Coconut (12.88%), Coconut Milk Powder (79.44%), Coconut Cream (50.67%), Liquid Coconut Milk (24.56%), Cocopeat (17.32 %) and Activated Carbon (17.27%).

In addition, export earnings from Spices and Essential Oils increased y-o-y by 53.76% to US$173.64 Mn in the period of first five months of 2025. This increase was due to the strong performance in exports of Pepper (124.75 %), Cinnamon (23.91%) & Cloves (293.32 %). 

Export earnings from Food & Beverages have increased by 15.21 % y-o-y to US$231.51 Mn in the first five months of 2025, with the positive performance in exports of Processed food (35.40%).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 4.10 % to US$602.59 Mn during the period of January to May 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 28.89 % to US$895.01 Mn during the period of January to May 2025, when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 7.25 % to US$386.03 Mn in the first five months of 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tubes (-21.39 %). 

Further, export earnings from Seafood decreased by 18.12 % to US$88.50 Mn during the first five months of 2025 compared to 2024 due to the negative performance in Fresh Fish (-37.27 %) and Shrimps (-64.44%).

Meanwhile, earnings from the export of Electrical and Electronic Components (EEC) decreased by 0.92 % to US$167.26 Mn in the first five months of 2025 compared to the corresponding period of 2024. This decrease was due to the poor performance in exports of Insulated Wires and Cables (-13.60 %) and Printed Circuits (-61.93%).

Table 1 shows the comparison of Merchandise export performance during the month of May 2025 and the period of January to May 2025 compared to 2024.

Table 1: Comparison of Product-wise Merchandise Export Performance 

                            Values in US$ Mns

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export markets, India, Germany, Netherlands, France and China have shown positive growth in both May 2025 and the cumulative period of January to May 2025 compared to the corresponding periods in 2024.

United States, Sri Lanka’s single largest export destination, which absorbs 23% of Sri Lanka’s merchandise exports, slightly decreased by 2.67 % to US$216.67 Mn in May 2025 compared to May 2024. However, exports to the United States over the cumulative period from January to May 2025 increased by 5.82 %, reaching US$1,182.65 Mn.

Similarly, exports to the United Kingdom decreased by 5.77 % to US$68.37 Mn in May 2025 compared to the corresponding month in 2024. Meanwhile, exports to the United Kingdom increased by 3.85 % to US$392.29 Mn in the cumulative period of January to May 2025 compared to the corresponding period in 2024.

India has continued as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India increased by 4.03 % to US$75.33 Mn in May 2025, while cumulative exports from January to May 2025 surged by 31.41 %, reaching US$409.74 Mn compared to the same period in 2024.

Table 2 shows the comparison of the Merchandise export performance of the top 15 export markets during the month of May 2025 and the period of January to May 2025, compared to 2024.

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns