Sri Lanka’s export sector has shown significant resilience in 2025, with total earnings climbing to nearly USD 13 billion during the first nine months of the year. The growth represents a 7% increase compared to the same period last year, reflecting steady progress despite global economic challenges.

The South Asian nation has faced multiple economic hurdles in recent years, including inflation, foreign reserve shortages, and declining global demand. However, strong performance in key export categories such as apparel, tea, and coconut-based products has helped stabilize the external sector and restore business confidence.

According to official data from Sri Lanka’s Export Development Board (EDB), merchandise exports accounted for around USD 10.2 billion of the total earnings. The apparel industry remained the largest contributor, recording notable growth in both the US and EU markets.

Exports of tea and coconut-based products also rose steadily, supported by favorable global demand and government-backed production incentives. Meanwhile, services exports, including IT, logistics, and tourism-related activities, generated an additional USD 2.8 billion, reinforcing Sri Lanka’s export diversification strategy.

Government officials credited the increase to targeted policy reforms, market diversification, and improved trade facilitation measures that have expanded access to new markets across Asia, the Middle East, and Europe.

The government has announced plans to further strengthen the export sector by promoting value-added products, investing in digital trade infrastructure, and supporting small and medium-sized exporters.

The National Export Strategy (NES) aims to increase total export revenue to USD 20 billion by 2027, emphasizing sustainability and innovation in traditional industries like textiles, agriculture, and manufacturing.

Analysts believe that maintaining political stability and consistent trade policies will be crucial for sustaining export momentum in the coming years.

Sri Lanka’s 7% export growth in 2025 highlights the country’s gradual economic recovery and commitment to expanding its global trade footprint. With strategic initiatives and strong sectoral performance, the island nation appears poised to strengthen its position in the international market.