Sri Lanka’s Total Export Earnings Hit $1.4 Billion in February, Up 4.22% YoY

Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,401.78 million in February 2026, reflecting a notable year-on-year growth of 4.22% compared to February 2025.

According to provisional data from Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports for February 2026 increased by 1.32% to US$ 1,066.88 million.

Meanwhile, services exports demonstrated strong momentum, with earnings estimated at US$ 334.9 million, marking a significant 14.68% increase over the corresponding month in 2025. This robust performance underscores the growing contribution of the services sector to the country’s export portfolio.

On a cumulative basis, total exports for the period January to February 2026 are estimated at US$ 2,896.31 million, recording a notable growth of 7.56% compared to the same period in 2025.

The continued expansion in export earnings highlights the resilience of Sri Lanka’s external sector, supported by steady merchandise performance and accelerated growth in services exports.

Commenting on this achievement, Mangala Wijesinghe, Chairman and Chief Executive Officer of the Sri Lanka Export Development Board (EDB), stated:

“Sri Lanka’s export earnings for February 2026 reached US$ 1,401.78 million, recording a solid year-on-year growth of 4.22% and signaling a positive trajectory toward achieving our annual export targets.

This performance reflects the resilience and increasing competitiveness of Sri Lanka’s export sector, underpinned by the gradual recovery in key international markets, sustained industrial capacity, and the continued implementation of targeted export development initiatives.

Looking ahead, with strengthened policy support, enhanced value addition, and proactive market diversification, Sri Lanka is poised to build on this momentum throughout 2026, even amid ongoing geopolitical tensions and energy market volatility”

Further analysis indicates that cumulative merchandise export earnings amounted to US$ 2,215.63 million during January–February 2026, reflecting a 5.22% increase compared to the corresponding period in 2025.

Meanwhile, services exports maintained a strong upward trajectory, recording an estimated 15.95% growth during the same period, reaching US$ 680.68 million.

This robust expansion highlights the increasing importance of Sri Lanka’s knowledge-based economy and its growing contribution to national export earnings. The services sector,comprising ICT/BPM, Construction, Financial Services, and Transport & Logistics, continues to play a pivotal role in diversifying the country’s export base while generating high-value employment opportunities across the economy.