Sri Lanka services exports up 14.68-pct in Feb 2026 with earnings reaching 334.9 million US dollars, supported primarily by strong growth in the ICT/BPM sector, according to data released by the Export Development Board.
Sri Lanka services exports up 14.68-pct in Feb 2026 driven by ICT/BPM growth
The latest figures highlight a notable expansion in the country’s services sector, reflecting resilience in key export segments despite mixed performance across industries. The growth was largely underpinned by a sharp increase in ICT/BPM export earnings, which rose by 36.66 percent year-on-year to 153.62 million US dollars in February 2026 compared to the same period in 2025.
Industry analysts note that the continued expansion of the ICT/BPM industry has become a central pillar in Sri Lanka’s export diversification strategy. The sector’s strong performance underscores its ability to generate foreign exchange earnings while remaining relatively insulated from traditional trade disruptions. Growth in this segment is attributed to increased global demand for digital services, outsourcing, and technology-driven solutions, positioning Sri Lanka as a competitive player in the global services market.
At the same time, the transport and logistics sector maintained its position as a major contributor to overall services exports. Earnings from this segment rose marginally by 0.86 percent year-on-year to 170.15 million US dollars. While the growth rate remained modest, the sector continues to provide a stable revenue base, supported by ongoing trade flows and shipping-related activities.
In contrast, the construction sector recorded a decline, with export earnings falling by 8.10 percent to 6.35 million US dollars compared to the previous year. The contraction reflects challenges in overseas project activity and shifting demand patterns, which have impacted the sector’s contribution to services exports.
Financial services, however, posted a positive performance, growing by 18.91 percent year-on-year to 4.78 million US dollars. The increase suggests gradual strengthening in cross-border financial activity and service provision, although the segment remains relatively small compared to other contributors within the Sri Lanka services sector.
The broader trade picture also indicated steady growth. Total exports of goods and services for February 2026 were estimated at 1,401.78 million US dollars, marking a 4.22 percent increase compared to the same period last year. This reflects a balanced contribution from both merchandise and services exports, reinforcing the importance of a diversified export base.
Economists point out that the expansion in services exports plays a critical role in supporting the country’s external sector stability. As Sri Lanka continues to navigate economic recovery and structural adjustments, the ability to generate consistent foreign exchange earnings through high-value services is increasingly seen as a strategic advantage.
The sustained growth in ICT/BPM is particularly significant, given its scalability and potential for job creation. The sector not only contributes to export earnings but also supports the development of a skilled workforce, fostering innovation and enhancing productivity across the economy. Policymakers have identified the industry as a priority area, with ongoing efforts to improve infrastructure, digital connectivity, and human capital development.
Meanwhile, the modest growth in transport and logistics highlights the sector’s dependence on global trade dynamics. As international trade volumes fluctuate, the performance of logistics-related services is expected to remain closely tied to external demand conditions.
With Sri Lanka services exports up 14.68-pct in Feb 2026, stakeholders are increasingly focused on sustaining momentum in high-growth segments while addressing structural challenges in underperforming sectors. Enhancing competitiveness, improving ease of doing business, and expanding market access are among the key priorities to ensure long-term growth.
Looking ahead, analysts expect the services sector to play an even greater role in Sri Lanka’s export landscape. Continued investment in digital transformation, innovation, and skills development will be essential to maintain growth trajectories and strengthen the country’s position in the global services economy.
The latest data underscores the evolving nature of Sri Lanka’s export profile, with services gaining prominence alongside traditional goods exports. As global demand for digital and knowledge-based services continues to rise, Sri Lanka appears well-positioned to capitalise on emerging opportunities and drive sustainable economic growth.