Sri Lanka’s export sector recorded a steady performance in the first quarter of 2026, reflecting resilience amid evolving global market conditions. Total exports, including merchandise and services, reached US$ 1,467.31 million in March 2026, marking a year-on-year decline of 5.2%. However, exports grew by 9.0% compared to February, signalling a recovery in monthly momentum.
According to the Sri Lanka Export Development Board, cumulative exports for January to March 2026 rose to US$ 4,308.11 million, registering a 1.59% increase compared to the same period in 2025. Merchandise exports contributed US$ 3,387.0 million, while services exports reached US$ 921.11 million, growing by 3.13%.
Chairman and CEO Mangala Wijesinghe highlighted that despite a temporary moderation in March, the overall export sector continues to demonstrate stability. He noted that sustained demand in key sectors, alongside export promotion and market diversification efforts, has supported performance.
Growth was driven by strong gains in coconut-based products, seafood, electrical and electronic components, and processed food exports. Meanwhile, services sectors such as ICT/BPM and financial services continued to expand, reinforcing Sri Lanka’s transition towards a knowledge-based economy.
Despite declines in apparel, tea, and spices, Sri Lanka’s export outlook remains positive. Strategic policy measures and trade facilitation initiatives are expected to further strengthen export growth momentum throughout 2026.
