Sri Lanka’s Exports Near $10B Mark amid Strong Growth Trends

Sri Lanka’s export sector is experiencing a strong resurgence in 2025, with total export earnings from January to July nearing the US$10 billion mark, according to recent data released by the Central Bank of Sri Lanka (CBSL) and Sri Lanka Customs. This milestone marks a 7.79% increase year-on-year and signals a potential breakthrough in the country’s trade performance after years of economic challenges.

Between January and July 2025, total export earnings reached US$9.99 billion, comprising both merchandise and services exports. With five months remaining in the year, experts are optimistic that Sri Lanka will surpass its annual export target of US$17 billion. Mangala Wijesinghe, Chairman and CEO of the Export Development Board (EDB), stated that current momentum could see the country exceeding its set goals, provided current trends hold steady.

Merchandise exports have been particularly strong, totaling US$7.8 billion during the first seven months—a 7.22% rise compared to the same period in 2024. The month of July alone recorded US$1.3 billion in merchandise exports, showing a notable 15.37% year-on-year growth. Key contributors include the textile and apparel sector, gems and jewellery, and petroleum products.

Services exports, often overshadowed by physical goods, have emerged as a significant growth driver. Between January and July 2025, services exports surged to US$2.19 billion—a 9.86% increase from the previous year. Within this sector, ICT and BPM services accounted for US$897.5 million, up 7.23%, while transport and logistics services rose sharply by 21.24% to reach US$1.19 billion.

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