📈 Strong Start for Sri Lankan Exports in 2026

Sri Lanka’s export sector recorded a robust 13.71% YoY growth in January 2026, with total earnings reaching US$ 1,532.6 Mn. The performance reflects a strong recovery in global demand and a strategic shift toward a knowledge-based economy. • Overall Figures • Total Exports: US$ 1,532.6 Mn (+13.71%) • Merchandise Exports: US$ 1,165.02 Mn (+10.66%) • Services Exports (Est.): US$ 367.55 Mn (+24.59%) • Sector Breakdowns • Tea: Earned US$ 121.84 Mn (+8.11%), with significant growth in the Turkish market (+120.95%). • Coconut Products: Surged by 30.69%, driven by high demand for coconut oil and activated carbon. • ICT/BPM: A standout performer in services, jumping 60.21% to US$ 177.83 Mn. • Electrical & Electronics: Remarkable 50.79% growth due to insulated wires and cables. • Apparel & Textiles: Experienced a slight dip of 2.82%, totaling US$ 447.25 Mn amid slower US/EU demand. • Top Markets & Regions • USA: Remains the largest buyer (US$ 257.85 Mn), despite a marginal 0.9% decline. • India: Now the 2nd largest destination, growing 38.67% to US$ 113.57 Mn. • European Union: Grew 12.27% overall, led by strong performance in Italy (+25.27%). _Note: Based on provisional data from Sri Lanka Customs and EDB estimates._