Sri Lanka s export earnings top US$ 1.5 billion mark in January

Sri Lanka's export sector kicked off 2026 with impressive growth, achieving a year-on-year increase of 13.71%. This surge indicates a revival in the country’s external trade, as reported by the Sri Lanka Export Development Board (EDB). According to data from Sri Lanka Customs, along with estimated exports from gems, jewellery, and petroleum products, total earnings reached US$ 1,532.6 million. This strong performance is attributed to widespread growth in key export areas, improved global demand, and ongoing efforts to boost export competitiveness, noted the EDB. Mangala Wijesinghe, the Chairman and CEO of the Sri Lanka Export Development Board, commented on the results: “In January 2026, Sri Lanka's export earnings hit US$ 1,532.6 million, marking a solid year-on-year growth of 13.71%. This promising start supports our annual export goals. It shows the strength and increasing competitiveness of our export sector, backed by the gradual recovery of important international markets, strong industrial capabilities, and ongoing strategic initiatives for export development. We are optimistic that with dedicated policy support and efforts to diversify markets, Sri Lanka can keep this positive trend going throughout 2026.” In January 2026, merchandise exports grew by 10.66%, totaling US$ 1,165.02 million, based on preliminary data from Sri Lanka Customs, which includes estimates for gems, jewellery, and petroleum products. Additionally, services exports saw a notable rise of 24.59%, reaching US$ 367.55 million. The services sector, which includes ICT/BPM, construction, financial services, and transport and logistics, plays a crucial role in diversifying Sri Lanka's export portfolio and creating valuable job opportunities across the country, further supporting the nation's shift toward a more innovation-driven and service-focused economy.