Sri Lanka has met the stringent conditions imposed under the U.S. Marine Mammal Protection Act (MMPA), removing barriers to the export of Blue Swimming Crab to the American market, the Ministry of Fisheries, Aquatic Resources and Ocean Resources announced.

The ministry said in a statement that the U.S. Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) confirmed that Sri Lanka’s crab harvesting practices and related regulations are “comparable in effectiveness” to American standards.

In November 2025, a U.S. court ruling had temporarily affected exports. 

However, after reviewing scientific data and evidence submitted by the Fisheries Department, NARA, and other relevant agencies, NOAA reconsidered its decision and granted approval.

Key points of the approval are as follows;

• Export rights confirmed: Sri Lanka now holds the mandatory “Comparability Finding” certificate required for fishery exports to the U.S.
• Validity period: Approval is valid until December 31, 2029, allowing uninterrupted exports of Blue Swimming Crab during this period.
• Eco‑friendly fishing: Sri Lanka’s fishing methods, which avoid harm to dolphins, turtles, and other marine mammals, received international recognition. (Newswire)

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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 Federation of Indian Export Organisations (FIEO) and the National Chamber of Exporters of Sri Lanka (NCE) signed an MoU on Tuesday (19) to explore new opportunities for cooperation.

According to the Indian High Commission, the MoU explores opportunities such as information sharing, connecting partners for investment & trade, etc.

The virtual signing ceremony was attended by the representatives of FIEO, led by Dr. Ajay Sahai, DG & CEO, FIEO and the representatives of NCE, led by Mr. Indra Kaushal Rajapaksha, President, NCE. 

The agreement comes on the backdrop of the High Commission of India in Colombo facilitating discussions among various organizations of India and Sri Lanka to promote bilateral economic partnership and identify new areas of cooperation, particularly to support the MSME sector. 

One such discussion was facilitated between representatives of the Federation of Indian Export Organisations and the National Chamber of Exporters of Sri Lanka in June 2025, leading to the signing of the MoU yesterday. (Newswire)

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Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first four months of 2025, with total exports reaching US$ 5,583.25 million, marking a robust 6.9% increase compared to the same period in 2024. 

According to the Export Development Board (EDB), this upward trend reflects renewed momentum across key industries and underscores the sector’s adaptability in an evolving global trade landscape.

Total exports, including both merchandise and services, reached US$ 1,292.63 million in April 2025. This marks an impressive year-on-year growth of 8.74% over April 2024, reflecting the resilience of Sri Lanka’s export sector and the positive impact of strategic efforts to diversify markets and enhance competitiveness.

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

In April 2025 alone, merchandise exports grew by 12.05% year-on-year, reaching US$ 983.33 million, according to provisional data of Sri Lanka Customs including the estimates for Gems & Jewellery and Petroleum Products. For the period January to April 2025, merchandise exports totaled US$ 4,334.22 million, reflecting 6.86% increase compared to the same period in 2024. 

Meanwhile, services exports have emerged as a key driver of overall export growth. In April 2025, estimated earnings from services exports reached US$ 309.3 million. Over the first four months of the year, services exports are estimated to have increased by 7.06%, totaling US$ 1,189.63 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 April 2025

• Products and Services with Positive Growth (Increases)

Export earnings from Apparel & Textile increased by 13.52 % y-o-y to US$ 364.47 Mn in April 2025 compared to April 2024. 

Export earnings from tea, which made up 12% of merchandise exports, increased by 12.45 % y-o-y to US$ 107.34 Mn in April 2025 compared to April 2024. This increase is mainly due to the strong performance in the export of Tea Packets (27.6 %).

In addition, the volume of tea exports increased by 11.17 % in April 2025 compared to the same month in 2024. Notably, tea exports to Iraq, Libya and Iran recorded significant increases of 46.7 %, 292.3%, and 115.96 %, respectively.

A monthly analysis reveals that export earnings from coconut-based products saw a significant increase of 21.54% in April 2025 compared to the same month in 2024. Notably, earnings from Coconut kernel products increased by 36.23%, Coconut fibre products by 49.66%, and Coconut shell products by 22.35%, 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 64.86 %, 107.43%, 57.5 % and 18.3 % respectively in April 2025 compared to April 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 3.32 % to US$ 15.89 Mn in April 2025 in comparison to April 2024. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products, increased by 14.36 % to US$ 12.98 Mn in April 2025 compared to April 2024.

Similarly, export earnings from Spices and Essential Oils increased by 32.83 % to US$ 23.95 Mn in the month of April 2025 compared to the month of April 2024, mainly due to the strong performance in the export of Pepper (185.77 %) and Cloves (106.98 %). 

Export earnings from Food & Beverages have increased by 34.53 % y-o-y to US$ 43.52 Mn in April 2025, with the positive performance in exports of Processed Food (77.52%).

Furthermore, export earnings from Ornamental fish increased by 12.27 % to US$ 3.11 Mn in April 2025 compared to April 2024.

Meanwhile, export earnings from the Boat Building sector reached US$ 15.05 Mn in April 2025, driven largely by a significant shipment valued at US$ 13.37 Mn to Norway. This reflects the sector’s growing international demand and Sri Lanka’s capabilities in specialized manufacturing.

Furthermore, the estimated value of Logistics & transport services is expected to increase by 12.66 % to US$ 147.65 Mn in April 2025 when compared to April 2024.

• Products with Negative Growth (Decreases)

Export earnings from Rubber and Rubber Finished products have decreased by 8.16 % y-o-y to US$ 61.15 Mn in April 2025, with the poor performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (-17.28 %). 

In addition, export earnings from the Electrical & Electronics Components decreased by 0.1 % y-o-y to US$ 30.75 Mn in April 2025, with notable declines in the exports of Insulated Wires and Cables (-2.56 %), Printed Circuits (-23.53%) and Other Electrical & Electronic Products (-22.79%).

Export earnings from Seafood decreased by 0.34 % to US$ 26.7 Mn in April 2025 compared to April 2024. This decrease was mainly due to the negative performance in the export of Frozen fish (- 6.65 %) and Shrimps (-34.34 %). 

Exports during the period of January – April 2025

Cumulative total exports, including both merchandise and services, were estimated at US$ 5,523.85 Mn for the period January to April 2025, making a notable 6.9% growth compared to the same period in 2024.

Merchandise exports during the first four months of 2025 are estimated to increase by 6.86 %, reaching US$ 4,334.22 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 11.59 %, 6.23 %, 25.3 %, 63.44 % and 14.65 % respectively during the period of the first four months of 2025 in comparison to the corresponding period of 2024.

Earnings from the export of Apparel & Textile have increased by 11.59 % to US$ 1,497.91 Mn during the period of January to April 2025 compared to the same period in 2024. Notably, exports to the United States and the United Kingdom increased by 10.25 % and 6.41 %, amounting to US$ 621.84 Mn and US$ 250.48 Mn, respectively.

Earnings from the export of Tea increased y-o-y by 6.23 % to US$ 478.29 Mn in the period of January to March 2025. This increase was mainly due to the strong performance in the export of Tea Packets (18.57 %).

Export earnings of Coconut & Coconut-based products increased by 25.3 % to US$ 331.3 Mn during the first four 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 April 2025 compared with the corresponding period of 2024 due to the strong performance in export of Coconut Oil (60.05 %), Desiccated Coconut (6.8 %), Coconut Milk Powder (88.64 %), Coconut Cream (51.7 %), Liquid Coconut Milk (21.72 %), Cocopeat (20.01 %) and Activated Carbon (13.03 %).

In addition, export earnings from Spices and Essential Oils increased y-o-y by 63.44 % to US$ 142.98 Mn in the period of first four months of 2025. This increase was due to the strong performance in exports of Pepper (224.59 %), Cinnamon (16.11 %) & Cloves (353.77 %). 

Export earnings from Food & Beverages have increased by 14.65 % y-o-y to US$ 181.98 Mn in the first four months of 2025, with the positive performance in exports of Processed food (36.26 %).

Furthermore, the estimated value of ICT/ BPM exports is expected to increase by 4.91 % to US$ 492.71 Mn during the period of January to April 2025, when compared to the corresponding period of 2024. 

In addition, the estimated value of Logistics & transport services is expected to increase by 20.69 % to US$ 648.71 Mn during the period of January to April 2025, when compared to the corresponding period of 2024. 

Products with Negative Growth (Decreases)

Export earnings from Rubber & Rubber finished products decreased by 6.74 % to US$ 312.43 Mn in the first four months of 2025 compared to the same period in 2024, attributed to decreased exports of Pneumatic & Retreated Rubber Tyres & Tubes (-22.47 %). 

Further, export earnings from Seafood decreased by 17.34 % to US$ 74.96 Mn during the first four months of 2025 compared to 2024 due to the negative performance in Fresh Fish (-33.83 %) and Shrimps (-69.14 %).

Meanwhile, earnings from export of Electrical and Electronic Components (EEC) decreased by 6.29 % to US$ 129.26 Mn in the first four 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 (-13.72 %) and Printed Circuits (-77.88 %).

Table 1 shows the comparison of Merchandise export performance during the month of April 2025 and the period of January to April 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 of Sri Lanka, the United States, the United Kingdom, India, Germany, and the Netherlands have shown positive growth in both April 2025 and the cumulative period of January to April 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, increased by 3.82 % to US$ 190.38 Mn in April 2025 compared to April 2024. However, exports to the United States over the cumulative period from January to April 2025 increased by 7.94 %, reaching US$ 965.97 Mn.

Similarly, exports to the United Kingdom increased by 11.23 % to US$ 73.57 Mn in April 2025 compared to the corresponding month in 2024. Meanwhile, exports to the United Kingdom increased by 6.14 % to US$ 323.91 Mn in the cumulative period of January to April 2025 compared to the corresponding period in 2024.

Significantly, India has emerged as Sri Lanka’s second-largest export destination, surpassing the United Kingdom. Exports to India increased sharply by 36.59% to US$ 77.76 Mn in April 2025, while cumulative exports from January to April 2025 surged by 39.69%, reaching US$ 324.40 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 April 2025 and the period of January to April 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)

• April 2025

In April 2025, exports to India and Pakistan accounted for 6.5% of total merchandise exports, registering a significant year-on-year increase of 38.11% to reach US$ 84.99 Mn compared to April 2024.

Exports to India increased by 36.59%, primarily driven by increased shipments of Animal Feed and Pepper. Meanwhile, exports to Pakistan surged by 56.28%, largely attributed to a sharp rise in demand for Betel Leaves. These figures reflect growing regional trade engagement and the continued strengthening of Sri Lanka’s export ties within South Asia.

• January – April 2025

During the period from January to April 2025, exports to India and Pakistan accounted for 7.2% of Sri Lanka’s total merchandise exports, recording a substantial increase of 36.35% to reach US$ 357.48 Mn compared to the same period in the previous year.

Exports to India increased significantly by 39.69%, driven primarily by increased shipments of Animal feed and Pepper. Meanwhile, exports to Pakistan increased modestly by 1.23%, supported by higher demand for Sheet Rubber, Coconut Ekels, and Other Base Metal Products. This growth reflects the strengthening of trade ties within the South Asian region and the growing demand for Sri Lankan products in neighbouring markets.

Sri Lanka’s Export Performance in Regions

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

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Exports to the European Union (EU), which accounts for 24% of Sri Lanka’s exports during both April 2024 and the cumulative period of January to April 2024, increased respectively by 10.85 % and 9.78 %.

Exports to the top five EU markets were recorded as: Germany US$ 227.44 Mn (increased by 10.94 %), Italy US$ 205.72 Mn (increased by 3.59 %), Netherlands US$ 142.5 Mn (increased by 24.91 %), France US$ 84.81 Mn. (decreased by 0.15 %) and Belgium US$ 77.19 Mn (increased by 7.12 %) during the cumulative period of January to April 2025 in comparison to the corresponding period in 2024. (Newswire)

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Sri Lanka’s export performance in major markets in December 2024 shows a positive growth in India, Germany and the Netherlands markets from its top 10 export markets.

According to the Export Development Board (EDB), positive growth has also been reported in the cumulative period from January to December 2024, compared to the corresponding periods in 2023. 

The United States of America, Sri Lanka’s single largest export destination, which absorbs 23% of Sri Lanka’s merchandise exports, decreased by 1.47 % to US$ 250.02 Mn in December 2024 compared to December 2023. 

In parallel, exports to the United States of America in the cumulative period of January to December 2024 increased by 5.49 % to US$ 2,909.97 million compared to the corresponding periods in 2023.

Exports to the United Kingdom decreased by 3.98 % to US$ 69.45 million in December 2024 compared to the corresponding month in 2023. 

However, exports to the United Kingdom increased by 6.8 % to US$ 903.72 million in the cumulative period of January to December 2024 compared to the corresponding period in 2023.

Region-wise, in December 2024, exports to India and Pakistan accounted for 8.4% of total merchandise exports, experiencing an increase of 60.89 % to US$ 93.22 million compared to December 2023. 

Both, exports to India and Pakistan increased by 61.58 % and 51.53 % respectively in December 2024 compared to December 2023.

The Positive performance of India was driven by higher exports of Petroleum oils (925%) and Pepper (216.74%) and the Positive performance of Pakistan was driven by higher exports of Other Articles of Stones and Other Textile Articles. (Newswire)

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The Cabinet of Ministers has approved the submission of the Import and Export (Control) Regulations No. 7 of 2024 and the Standardization and Quality Control Regulations, both issued under the Import and Export (Control) Act No. 1 of 1969, for the approval of the Parliament.

The Import and Export (Control) Regulations No. 7 of 2024 introduces controlled import of motor vehicles for tourism purposes, following the temporary suspension on motor vehicle imports as per the Import and Export (Control) Regulations No. 2 of 2023.

On April 1, the Cabinet approved the import of 250 small buses and 750 vans for tourism, in line with a proposal by the Minister of Tourism and Lands. The approval was granted with a view to boost tourism sector activities in the country.

Additionally, the Cabinet has approved new regulations designed to promote efficient and safe trade transport while ensuring fair opportunities for both local and non-domestic products.

These regulations, published in an extraordinary gazette, are intended to facilitate a balanced and effective trade environment, the Government said.

The proposal for these new regulations was presented by the President in his capacity as the Minister of Finance, Economic Stabilization, and National Policies.

The regulations will soon be submitted to Parliament for approval, in the Government’s effort to strengthen the regulatory framework for imports and exports. (Newswire)

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Sri Lanka’s merchandise export performance in March 2024 amounted to US$ 1,138.9 million, recording an increase of 9.77 % compared to March 2023, according to the Export Development Board (EDB).

Export performance in March 2024 increased by 7.51 % compared to the preceding month, February 2024.  

The value of services exports for the month of March 2024 was US$ 275.1 Million, increasing 8.39 % over the corresponding period of 2023. 

Subsequently, total exports for the month of March 2024 were recorded as US$ 1.4 Billion, including merchandise and services exports

Major Exports in March 2024

• Products & Services with Positive Growth (Increases)

Export earnings from Apparel & Textile increased by 6.66 % y-o-y to US $ 443.9 Mn in March 2024 compared to March 2023. 

Export earnings from tea which made up 12% of merchandise exports, increased by 13.35 % y-o-y to US$ 124.86 Mn in March 2024 compared to March 2023. This increase is mainly due to the strong performance in the export of Bulk Tea and Tea packets, which increased by 23.31 % and 6.51% respectively.

Furthermore, the volume of tea exports increased by 18.2 % in March 2024 compared to March 2023. Additionally, Tea exports to Iraq, UAE, Russia and Saudi Arabia markets, increased by 202.07 %, 102.46 % and 48.41% respectively.

Moreover, Export earnings from Rubber and Rubber Finished products have increased by 7.45 % y-o-y to US$ 97.98 Mn in March 2024, with a strong performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (7.41 %) and Industrial & Surgical Gloves of Rubber (12.18%). 

On monthly analysis, export earnings of Coconut-based products increased by 32.2 % in March 2024 compared to March 2023. Moreover, export earnings of Coconut kernel products, Coconut fiber products and Coconut shell products increased by 41.87 %, 25.53 % and 21.06 % respectively in March 2024 compared to March 2023.

Export earnings from Desiccated Coconut, Coconut Milk powder, Coconut Cream and Liquid Coconut Milk which are categorized under the Coconut kernel products increased by 37.82 %, 87.36 %, 73.0 % and 36.21 % respectively in March 2024 compared to March 2023.

Being the largest contributor to the coconut-based sector, Coco Peat, Fiber Pith & Moulded products which are categorized under the Coconut fibre products, increased by 36.95 % to US$ 19.2 Mn in March 2024 in comparison to March 2023. 

Earnings from Activated Carbon, which is categorized under the Coconut shell products increased by 19.58 % to US$ 14.78 Mn in March 2024 compared to March 2023.

Export earnings from Food & Beverages have increased by 35.81 % y-o-y to US$ 49.45 Million in March 2024, with a positive performance in exports of Processed food (95.31 %).

In addition, exports of Transport & Logistics services increased by 35.67 % to US$ 144.9 Mn in March 2024 compared to March 2023.

• Products & Services with Negative Growth (Decreases)

Export earnings from Spices and Essential Oils decreased by 47.5 % to US$ 17.1 Mn in the month of March 2024 compared to month of March 2023 mainly due to the poor performance in export of Cinnamon (-34.15%), Pepper (-78.4%) and Cloves (-85.82%). Clove exports to India decreased by nearly 100% in March 2024 compared to March 2023.

Export earnings from Seafood decreased by 21.35 % to US$ 20.22 Mn in March 2024 compared to March 2023. This decrease was mainly due to the poor performance in the export of Frozen fish (-23.55 %). 

In parallel, export earnings from Ornamental fish decreased by 19.75 % to US$ 1.91 Mn in March 2024 compared to March 2023.

Furthermore, the total export earnings from Diamonds, Gems & Jewellery decreased by 19.58 % y-o-y to US$ 24.85 million in March 2024. However, Diamonds (9.13 %) and Jewellery (16.28%) showed positive growth, while export earnings from Gems experienced a substantial decrease by 58.23 % in March 2024.

Additionally, export earnings from the Electrical & Electronics Components decreased by 10.54 % y-o-y to US$ 40.74 Mn in March 2024 with poor performance in exports of Electrical Transformers (-16.6 %) and Other Electrical & Electronic products (-23.54 %).

Export earnings of Boatbuilding recorded US$ 10.88 Mn in March 2024 compared to March 2023. 

In addition, exports of ICT/ BPM, Construction and Financial services decreased by 3.32 %, 48.09% and 6.15 respectively in March 2024 compared to March 2023.

Exports during the period of January – March 2024

Cumulative merchandise exports during the period of January to March 2024, increased by 5.71 % to US$ 3,168.9 Million compared to the corresponding period in 2023. 

The value of services exports for the period of January to March 2024 was US$ 788.7 Million, increasing 7.76 % over the corresponding period of 2023. 

• Products & Services with Positive Growth (Increases)

Earnings from the export of Tea, Rubber products, Coconut products and Food & Beverages increased by 6.51 %, 10.18 %, 25.24 % and 26.05 % respectively during the period of January – March 2024 compared, in comparison to the corresponding period of 2023.

Earnings from the export of Tea increased y-o-y by 12.89 % to US$ 354.78 Mn in the period of January to March 2024. This increase was mainly due to the strong performance in the export of Bulk Tea (27.7 %) and Tea Packets (2.58 %).

In addition, export earnings from Rubber & Rubber finished products increased by 10.18 % to US$ 268.44 Mn in January – March 2024 compared to the same period in 2023 attributed to increased exports of Industrial & Surgical Gloves of Rubber (11.55 %) and Pneumatic & Retreated Rubber Tyres & Tubes (13.61 %). 

Export earnings of Coconut & Coconut-based products increased by 25.24 % to US$ 203.62 Mn during January – March 2024 compared to the last year. Earnings from all the major categories of Coconut-based products increased in the period of January – March 2024 compared with the corresponding period of 2023 due to the strong performance in export of Coconut Oil (23.04 %), Desiccated Coconut (25.23 %), Coconut Milk Powder (53.04 %), Coconut Cream (43.38 %), Liquid Coconut Milk (29.54 %), Cocopeat (30.86 %) and Activated Carbon (23.61 %).

Export earnings from Food & Beverages have increased by 26.05 % y-o-y to US$ 126.33 Million in the period of January to March 2024, with a positive performance in exports of Processed food (77.12 %).

In addition, exports of ICT/ BPM and Transport & Logistics services increased by 4.69 % and 14.06% respectively during January – March 2024 compared to the last year

• Products & Services with Negative Growth (Decreases)

Earnings from the export of Apparel & Textiles have decreased by 1.9 % to US$ 1,245.34 Mn during the period of January to March 2024 compared to the same period in 2023. Further, earnings from the export of Apparel declined by 1.05 % and the export of Textiles declined by 10.66 % from January to March 2024.

In addition, export earnings from Spices and Essential Oils decreased y-o-y by 31.6 % to US$ 69.44 Mn in the period of January to March 2024. This decrease was due to the poor performance in exports of Cloves (88.69 %).

Meanwhile, earnings from export of Electrical and Electronic Components (EEC) decreased by 15.51 % to US$ 107.14 Mn in the period of January to March 2024 compared to the corresponding period of 2023. This decrease was due to the poor performance in exports of Other Electrical & Electronic Products (30.08 %). 

Further, export earnings from Seafood decreased by 4.1 % to US$ 63.9 Mn during the period of January to March 2024 compared to the year 2023 due to the poor performance of Frozen Fish (-15.99 %).

In addition, exports of Construction and Financial services decreased by 6.87 % and 18.89% respectively during the period of January to March 2024 compared to the corresponding period of 2023.

Table 1 shows the comparison of Export performance during the month of March 2024 and the period of January to March 2024 compared to 2023.

Table 1: Comparison of Sector-wise Export Performance 

                            Values in US$ Mns

Sources: CBSL, Sri Lanka Customs

Sri Lanka’s Export Performance in Major Markets

Among the top 10 export markets of Sri Lanka, the UK, Germany, Netherlands, Canada and China have shown positive growth in both March 2024 and the cumulative period of January to March 2024 compared to the corresponding periods in 2023.

United States of America, Sri Lanka’s single largest export destination, which absorbs 23% of Sri Lanka’s merchandise exports, increased by 2.39 % to US$ 241.5 Mn in March 2024 compared to March 2023. However, exports to America in the cumulative period of January to March 2024 decreased by 1.4 % to US$ 711.57 Mn compared to the corresponding periods in 2023.

Additionally, exports to the United Kingdom increased by 13.48 % to US$ 88.57 Mn in March 2024 compared to the corresponding month in 2023. Meanwhile, exports to the United Kingdom increased by 6.56 % to US$ 239.02 Mn in cumulative period of January to March 2024 compared to the corresponding period in 2023.

Table 2 shows the comparison of Merchandise export performance of the top 15 export markets during the month of March 2024 and the period of January to March 2024 compared to 2023.

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

Values in US$ Mns

Sources: CBSL, Sri Lanka Customs

Exports to FTA Partners (India & Pakistan)

• March 2024

In March 2024, exports to India & Pakistan constituted 6.5% of the total merchandise exports, and experienced a notable 4.11 % increase to reach US$ 77.32 Mn, compared to March 2023. Further, exports to India recorded an increase of 1.41 % whereas exports to Pakistan increased by 38.38 % in March 2024 compared to March 2023.

The positive performance of India was driven by higher exports of Animal Feed and Petroleum oil, while Pakistan’s positive performance was led by increased exports of Other Electrical & Electronic Products and Desiccated Coconut.

• January – March 2024

Exports to India & Pakistan accounted for 7.2% of total merchandise exports decreased by 10.31% to US$ 200.63 Mn during the period of January to March 2024 compared to the corresponding period of the previous year.

Exports to India decreased by 12.52 % during the period of January to March 2024 when compared with the corresponding period in 2023 while exports to Pakistan increased by 20.17% y-o-y in the same period.

The negative export performance of India was driven by lower export of Animal feed (-12.52 %), while Pakistan’s negative performance was led by decreased export of Beetle leaves.

Sri Lanka’s Export Performance in Regions

Table 3 shows the comparison of region-wise exports during the month of March 2024 and the period of January to March 2024 compared to 2023.

Table 3: Comparison of Region-wise Merchandise Export Performance

Values in US$ Mns

Sources: CBSL, Sri Lanka Customs

Exports to the European Union (EU) which accounts for 24% of Sri Lanka’s exports during both March 2024 and the cumulative period of January to March 2024 increased respectively by 4.79 % and 2.54 %.

Exports to the top five EU markets were recorded as; Germany US$ 163.94 Mn (increased by 6.34 %), Italy US$ 157.82 Mn (decreased by 0.39 %), Netherlands US$ 87.83 Mn (increased by 5.02 %), France US$ 60.62 Mn. (increased by 5.79 %) and Belgium US$ 55.42 Mn (decreased by 0.45%) during the cumulative period of January to March 2024 in comparison to the corresponding period in 2023. (Newswire)

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Cabinet approval has been granted for the appointment of a committee to study the facts and submit a report with recommendations on the possibility and appropriateness of exporting up to one million metric tons of granite.

The government said at present, the requirement of Granite for construction and development activities in the country is relatively low and the livelihoods of the miners engaged in the granite mining industry and the communities associated with it have been severely affected due to this. 

The livelihoods of the miners engaged in the granite mining industry and the communities associated with it have been severely affected due to this, it said. 

The government further said that a stock of granite removed during the construction of Hambantota Magampura port is currently piled near the administrative building of the port area and in the Hambantota new hospital premises and the said granite stock needs to be removed immediately. 

Taking into account a proposal presented by the Minister of Environment, the Cabinet of Ministers approved to take necessary steps for the immediate export of the said granite stocks under the supervision of the Geological Survey and Mines Bureau. 

The Cabinet also decided to appoint a committee to study the facts and submit a report with recommendations on the possibility and appropriateness of exporting up to one million metric tons of granite. (NewsWire)

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Sri Lanka has exported its first batch of low-salt, dried fish and fish chips (Maldive fish) produced using a new method, the air condition dehydration system.

According to Minister of Agriculture Mahinda Amaraweera, moving away from the traditional method of drying fish on the beach in the sun, the new technology helps the fish, usually a type of tuna, be dried or processed, using ‘air condition dehydration’.

“With this method, we can present dried fish products that are very suitable for human consumption to the market. This will give us the foreign exchange that the country needs,” he said.

The Minister said as this method retains the fish oils, the quality of dried fish produced is of a higher level.

Minister Amaraweera pointed out that this new dehydration method can be used for several other products in the country as well.

The export of the first container of 10,000 kg of dried fish and fish chips using the new technology was done on Sunday (Jan 14) by Megafish, a company in Pahajjawa in the Southern Province.

The batch of dried fish and fish chips produced in Sri Lanka will be exported to Australia and Korea, making it the first such export to be done by Sri Lanka. (NewsWire)

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The Chinese Embassy in Sri Lanka has issued a clarification on the recent media reports claiming Sri Lanka was considering exporting nearly 100,000 toque macaque monkeys to China.

The Embassy said in a statement that it has noticed recent disinformation on local and foreign media about Sri Lanka exporting “100 thousand” “endangered” toque macaque monkeys to a Chinese private company for “experimental purpose”, as well as detailed clarifications by the Minister of Agriculture and the Cabinet Spokesperson of Sri Lanka thereafter.

The Embassy said it has also checked with relevant authorities in Beijing, adding that the Chinese National Forestry and Grassland Administration, the main government department supervising and managing the import and export of wild animals and plants, has clearly clarified that it is not aware of the request and has not received such an application from any side. 

The Chinese Embassy further stated that it would like to stress that as a contracting party of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), China has already adopted its Wildlife Protection Law in 1988 with several amendments afterwards. 

The Chinese government always attaches great importance to wildlife protection and actively fulfils international obligations, which makes China one of the top countries in the world in terms of wildlife protection legislation and law enforcement, it added.

The Chinese Embassy’s clarification comes after it was reported that Chinese Zoo Company, Zhejiang Wuyu Animal Breeding Co. Limited had made a written request from Sri Lanka’s Agriculture Ministry to export crop-damaging monkeys to be placed in their zoos for exhibition purposes.

In a letter addressed to the Agriculture Ministry, seen by NewsWire, the Chinese firm said it has made the offer based on reports that Sri Lanka was looking to get rid of certain crop-destroying species.

Meanwhile, Cabinet Spokesman Minister Bandula Gunawardena said the government has not held any discussion on exporting Toque monkeys to China.

Minister Gunawardena told the media yesterday (18) that the proposal had been made along with several other proposals provided by various parties pertaining to the imports and exports of Sri Lanka.

He further said that thereby, Agriculture Minister Mahinda Amaraweera made a proposal to export crop-destroying monkeys to 1000 Zoos operated by a private firm in China, adding that a committee has been appointed to address the matter. (NewsWire)

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The Sri Lanka Army is considering introducing its locally produced food ration pack to foreign military services to generate foreign exchange for Sri Lanka. 

According to the Army, the Meal- Ready-to-Eat (MRE) ration pack was initially imported from Malaysia and used by the Sri Lankan military during the civil war.

However, the Sri Lanka Army is now able to produce the same using rice and vegetables harvested by the Sri Lanka Army, with the processing and packaging conducted at the Army Farm in Kandakadu.

The food processing centre is monitored once in three months by agricultural and other experts, and it is said to be using technology capable of preventing bacteria that could contaminate the food, making it long-lasting.

The Sri Lanka Army prepares between 1750 to 2000 MRE ration packs daily for a cost of Rs. 1375.

The Army has pointed out that the suspension of MRE ration pack imports has saved Sri Lanka nearly Rs. 153 million and they intend to earn foreign exchange via exporting the locally manufactured MRE ration packets. (NewsWire)

The post SL Army considers exporting locally manufactured meal ration pack appeared first on Newswire.

Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022. 

As per the data released by Sri Lanka Customs, however, it is a 5.62% increase when compared to February 2021.

Full statement:

Major Exports in February 2023

Export earnings from tea which made up 12% of merchandise exports, increased by 9.14% y-o-y to US$ 204.13 Mn in February 2023 compared to February 2022. Earnings from the export of Tea packets (21.24%) and Instant Tea (27.52%) increased in February 2023 compared to February 2022. However, earnings from the export of Bulk Tea (-15.33%) and Tea Bags (-27.03%) decreased in February 2023.

In addition, export earnings from the Electrical & Electronics Components increased by 13.72% y-o-y to US$ 43.01 Mn in February 2023 with a strong performance in exports of Other Electrical & Electronic Products (22.12%). 

Moreover, export earnings from Spices and Essential Oils increased by 27.0% to US$ 34.48 Mn in the month of February 2023 compared to the month of February 2022 with a strong performance in Cinnamon (20.16%) and Cloves (412.82 %). 

Despite the increase recorded in the sector, earnings from Pepper & Essential Oils decreased by 37.90% and 43.41% respectively in February 2023 compared to February 2022.

However, export earnings from Apparel & Textile have decreased by 2.32 % y-o-y to $ 483.35 million in February 2023 compared to February 2022. Although earnings from exports of Apparel decreased by 14.75%, earnings from export of Textiles increased by 146.67% in February 2023 compared to February 2022.

Also, export earnings from Rubber and Rubber Finished products have decreased by 17.81 % y-o-y to US$ 76.58 million in February 2022, with negative performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (-6.10%) and Industrial & surgical gloves (-45.38%). 

On monthly analysis, export earnings of kernel products and fiber products categorized under the Coconut based decreased by 14.65% and 37.63% respectively in February 2023 compared to February 2022. However, earnings from Coconut shell products increased by 28.67% in February 2023 compared to February 2022.

Export earnings from Liquid Coconut Milk which is categorised under the Coconut kernel products decreased by 16.68% to US$ 8.69 Mn in February 2023 compared to February 2022. 

Being the largest contributor to Coconut based sector, Coco Peat, Fiber Pith & Moulded products which are categorized under the Coconut fibre products, decreased by 35.87% to US$ 10.55 Mn in February 2023 in comparison to February 2022. 

Earnings from Activated Carbon, which is categorised under the Coconut shell products increased by 2.18% to US$ 10.76 Mn in February 2023 compared to February 2022. 

Export earnings from Seafood decreased by 5.57% to US$ 19.99 Mn in February 2023 compared to February 2022. This decrease was mainly due to the decline in earnings from export of Frozen fish (-3.72%), Fresh fish (-7.42%) and Shrimps (-38.34%).

However, export earnings from Ornamental fish increased by 37.93% to US$ 2.0 Mn in February 2023 compared to February 2022.

Major Exports during the period of January -February 2023

For the period of January to February 2023, merchandise exports decreased by 9.68 % to US$ 1,983.42 Million compared to the corresponding period of 2021. 

Export earnings of Apparel & Textiles, Rubber-based products and Coconut based products decreased by 2.32%, 17.81% and 19.74% respectively during the period of January – February 2023 compared with the corresponding period of 2022.

However, earnings from Spices and Concentrates, Electronics & Electronic Components, Food & Beverages and Seafood increased by 27%, 13.72%, 17.22% and 5.57% respectively during the period of January – February 2023 compared with the corresponding period of 2022.

Apparel & Textile exports decreased by 10.18% to US$ 946.46 Mn during the period of January to February 2023 compared to the same period of 2022, export of Apparel was down by 16.82% while export of Textiles expanded by 74.16% in January to February 2023.

Export earnings from Tea increased by 6.27% to US$ 204.13 Mn during the period of January to February 2023 compared with the corresponding period of 2022. Exports of all the subcategories of the tea sector except Bulk Tea and Tea Bags; Tea packets (14.74%), Instant Tea (42.78%) and Green Tea (21.82%) increased during the period of January to February 2023 compared with the same period of 2022. 

Export earnings from Rubber & Rubber finished products decreased by 15.44 % to US$ 152.45 Mn in January – February 2022 compared with the same period of 2021 attributed to lower exports of Pneumatic & Retreated Rubber Tyres & Tubes (-5.22%) and export of Industrial & Surgical Gloves of Rubber (-35.92%). 

For the period of January to February 2023, export earnings from Coconut & Coconut based products decreased by 24.58% to US$ 102.72 Mn from the same period last year. Earnings from all the major categories of Coconut based products decreased in the period of January – February 2023 compared with the corresponding period of 2021 due to the poor performance in the export of Liquid Coconut Milk, Coconut cream, Coconut Milk Powder, Cocopeat, Activated Carbon, Coconut Oil and Desiccated Coconut.

Meanwhile, earnings from the export of Electrical and Electronic Components (EEC) increased by 10.19 % to US$ 81.29 Mn in the period of January to February 2023 compared to the corresponding period of 2022. 

Earnings from the export of Switches, Boards & Panels and Other Electrical & Electronic Products increased by 37.31%, and 19.03 % respectively during the period of January to February 2023 compared with the corresponding period of the previous year.

Export earnings from Seafood decreased by 1.84% to US$ 140.71 Mn in the period of January to February 2023 compared to the year 2022 due to the poor performance in all the sub-categories; Frozen Fish (-7.5%) and Prawns (-44.03%).

Table 1: Merchandise Export Performance 

                            Values in US$ Mns

Sources: CBSL, SL Customs

Sri Lanka’s Export Performance in Major Markets

Out of top 15 export markets, Italy, Canada, UAE and Bangladesh were recorded positive performance in February 2023.

During the period of January to February 2023, only UAE recorded a positive performance compared to the corresponding period of the previous year.

Exports to the United States of America, Sri Lanka’s single largest export destination, decreased by 20.94 % to US$ 231.06 Mn in February 2023 compared to February 2022. In addition, exports to the United States of America decreased by 17.31 % to US$ 485.83 Mn in the period of January to February 2023 compared to January to February 2022.

Table 2: Top 15 Export Destinations

Values in US$ Mns

Sources: CBSL, SL Customs

Exports to FTA Partners

During the month of February 2023, exports to Free Trade Agreement (FTA) partners accounted for 6.5 % of total merchandise exports decreased by 52.01 % to US$ 128.08 Mn.

However, exports to Pakistan increased due to the higher exports of Other Textile Articles in February 2023 compared to February 2022. 

In addition, poor performance was recorded in India led by lower exports of Pepper.

Moreover, exports to Free Trade Agreement (FTA) partners accounted for 7.2% of total merchandise exports increasing by 23.11 % to US$ 202.6 Mn during the period of January to February 2023 compared with the corresponding period of the previous year.

Although Exports to Pakistan increased by 303.08 % y-o-y to US$ 62.88 Mn, exports to India decreased by 6.21% to US$ 139.72 Mn during the period of January to February 2023 compared with the corresponding period of 2022.  

Increased Exports to Pakistan is mainly supported by exports of Other Textile Articles.

Sri Lanka’s Export Performance in Regions

Following table shows the comparison of region-wise exports during the month of February 2023 and the period of January to February 2023 compared to the corresponding period of the previous year. 

Table 3: Export Regions

Values in US$ Mns

Exports to the European Union (EU) which comprised 21% of Sri Lanka’s exports during the month of February 2023 decreased by 14.48% y-o-y to US$ 417.71 Mn. In addition, exports to the European Union (EU) decreased by 17.31% y-o-y to US$ 485.83 Mn during the period of January to February 2023 compared to the corresponding period of the previous year.

During the period of January to February 2023, the breakdown of exports to the top five EU markets which accounted for 80% of Sri Lanka’s total exports to the EU were; Germany US$ 98.61 Mn (decreased by 18.44%), Italy US$ 100.28 Mn (decreased by 2.56%), Netherlands US$ 54.1 Mn (decreased by 24.6%), Belgium US$ 37.36 Mn (decreased by 21.28%) and France US$ 35.22 Mn. (decreased by 18.15%). (NewsWire)

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