Sri Lanka’s exports soared past USD 1.3 billion in January 2025, marking a significant year-on-year growth. Merchandise exports reached USD 1,004.82 million, reflecting a 3.51% increase compared to January 2024. Agricultural exports rose by 14.87% to USD 258.93 million, while industrial exports grew slightly by 0.08%. Services exports saw a dramatic rise of 37.87%, contributing to a total export value of USD 1,334.19 million.
Key contributors to the growth included Apparel & Textile exports, which rose by 21.08%, and strong performances in Spices and Essential Oils (up 32.94%), and Food & Beverages (up 23.27%). Despite this, certain sectors such as Rubber and Rubber Finished products and Seafood experienced declines.
Exports to major markets, including the US, India, and the UK, showed impressive growth, with the US remaining Sri Lanka’s largest export destination, accounting for 23% of total merchandise exports.