Sri Lanka’s total exports, including both merchandise and services, reached $ 1,401.78 million in February 2026, reflecting a year-on-year growth of 4.22% compared to February 2025, according to the Sri Lanka Export Development Board (EDB).
On a cumulative basis, total exports for the period January to February 2026 are estimated at $ 2,896.31 million, recording a growth of 7.56% compared to the same period in 2025.
According to provisional data from the Sri Lanka Customs, along with estimated figures for Gems and Jewellery and Petroleum Products, merchandise exports for February 2026 increased by 1.32% to $ 1,066.88 million, the EDB added.
The services exports showed earnings estimated at $ 334.9 million, a 14.68% increase over the corresponding month in 2025.
Commenting on this, EDB Chairperson and Chief Executive Officer Mangala Wijesinghe stated: “Sri Lanka’s export earnings for February 2026 reached $ 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.”
“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,” Wijesinghe stated.
Among the top ten export markets, the United Arab Emirates, China, Australia, and Mexico demonstrated a positive year-on-year growth both in February 2026 and cumulatively for the January-February period, indicating a growing market resilience, according to the EDB.
The United States, the largest single export destination for Sri Lanka, accounting for around 22% of total merchandise exports, recorded a marginal decline of 0.3% to $ 239.8 million in February 2026, also with cumulative exports for January-February 2026 down by 0.61% to $ 497.65 million compared to the same period in 2025.
India consolidated its position as Sri Lanka’s second-largest export destination surpassing the United Kingdom, with exports growing by 16.21% to $ 192.01 million during January-February 2026, despite a temporary decline in February. Meanwhile, exports to the United Kingdom declined by 1.86% to $ 149.44 million over the same period, reflecting weaker performance in this key European market.
Exports to the European Union (EU), represented 24% of Sri Lanka’s total merchandise exports, increasing by 2.86% in February 2026. However, during the cumulative period from January to February 2026, exports declined by 6.42%.
Furthermore, exports to the top five EU markets were recorded as; Italy $ 104.89 million (increased by 10.17 %), Germany $ 104.29 million (decreased by 5.93 %), Netherlands $ 66.82 million (decreased by 4.67 %), France $ 40.47 million (decreased by 4.39 %) and Belgium $ 38.67 million (increased by 1.5 %) during the cumulative period of January to February 2026 in comparison to the corresponding period in 2025, according to the EDB.