Sri Lanka’s merchandise exports increased by 9.91% to US$ 1,046 Million in February 2022 compared to February 2021 as per the data released by the Sri Lanka Customs. Further, it is a 5.8% increase when compared to February 2020.
Sri Lanka’s Merchandize Exports has maintained the above $ 1 billion mark continuously since the beginning of this year. This was also the ninth consecutive month of having over $1 Billion in revenue.
Table 1: Merchandise Export Performance
Values in US$ Mns
| Exports of Goods | Jan-Feb 2020 | Jan-Feb 2021 | Jan-Feb 2022 | % Growth | Feb 2021 | Feb 2022 | % Growth |
| Apparel | 938.76 | 862.91 | 1,009.23 | 16.96 | 441.63 | 494.83 | 12.05 |
| Tea | 207.54 | 213.52 | 192.09 | -10.04 | 112.53 | 100.86 | -10.37 |
| Rubber-based | 147.54 | 167.84 | 180.28 | 7.41 | 83.68 | 93.18 | 11.35 |
| Coconut-based | 98.68 | 114.58 | 136.20 | 18.87 | 60.40 | 67.92 | 12.45 |
| Diamond, Gems & Jewelry | 46.36 | 45.05 | 44.55 | -1.11 | 16.12 | 19.46 | 20.72 |
| Electronics & Electronic Components | 61.26 | 64.12 | 73.60 | 14.78 | 32.27 | 37.73 | 16.92 |
| Spices and Essential Oils | 38.35 | 75.59 | 62.12 | -17.82 | 33.35 | 27.15 | -18.59 |
| Food & Beverages | 57.51 | 60.66 | 68.75 | 13.34 | 29.31 | 37.98 | 29.58 |
| Seafood | 44.22 | 30.97 | 45.27 | 46.17 | 14.06 | 21.17 | 50.57 |
| Ornamental Fish | 2.71 | 1.91 | 3.22 | 68.59 | 1.03 | 1.45 | 40.78 |
| Vegetables | 4.91 | 3.27 | 4.11 | 25.69 | 1.57 | 1.75 | 11.46 |
| Fruits & Nuts | 6.93 | 5.50 | 5.27 | -4.18 | 2.65 | 2.12 | -20.00 |
| Other Export Crops | 16.82 | 6.59 | 9.20 | 39.61 | 4.11 | 3.87 | -5.84 |
| Flowers & Foliage | 2.53 | 2.15 | 2.58 | 20.00 | 1.06 | 1.36 | 29.52 |
| Boat Building | 0.53 | 0.31 | 2.23 | 619.35 | 0.26 | 2.05 | 688.46 |
| Petroleum Products | 77.53 | 1.16 | 50.98 | 4294.83 | 0.70 | 1.36 | 94.29 |
| Others | 241.22 | 232.27 | 218.97 | -5.73 | 116.97 | 131.76 | 12.64 |
| Total Merchandize Exports | 1,993.40 | 1,888.40 | 2,108.65 | 11.66 | 951.70 | 1,046.00 | 9.91 |
Table 2: Top 10 Export Destinations
Values in US$ Mns
| Country | Jan-Feb 2020 | Jan-Feb 2021 | Jan-Feb 2022 | % Growth | Feb 2021 | Feb 2022 | % Growth | |
| 1 | United States | 527.90 | 471.79 | 587.50 | 24.53 | 238.26 | 292.25 | 22.66 |
| 2 | United Kingdom | 179.83 | 141.37 | 162.88 | 15.22 | 79.87 | 81.72 | 2.32 |
| 3 | India | 136.61 | 116.23 | 148.97 | 28.17 | 60.58 | 77.25 | 27.52 |
| 4 | Germany | 102.79 | 112.70 | 120.90 | 7.28 | 59.24 | 60.70 | 2.46 |
| 5 | Italy | 85.67 | 97.44 | 102.91 | 5.61 | 44.40 | 53.21 | 19.84 |
| 6 | Belgium | 53.26 | 52.71 | 47.46 | -9.96 | 29.01 | 22.68 | -21.82 |
| 7 | Netherlands | 46.33 | 65.05 | 71.75 | 10.30 | 30.20 | 33.06 | 9.47 |
| 8 | Canada | 38.27 | 47.84 | 57.50 | 20.19 | 24.01 | 27.69 | 15.33 |
| 9 | China | 35.84 | 47.71 | 44.09 | -7.59 | 25.73 | 25.28 | -1.75 |
| 10 | UAE | 37.99 | 31.39 | 44.72 | 42.47 | 16.16 | 20.84 | 28.96 |
| Other Markets | 748.91 | 704.17 | 719.97 | 2.24 | 344.24 | 351.32 | 2.06 | |
| Total | 1,993.40 | 1,888.40 | 2,108.65 | 11.66 | 951.70 | 1,046.00 | 9.91 |
Table 3: Export Regions
Values in US$ Mns
| Region | Jan-Feb 2020 | Jan-Feb 2021 | Jan-Feb 2022 | % Growth | Feb 2021 | Feb 2022 | % Growth |
| United States | 527.90 | 471.79 | 587.50 | 24.53 | 238.26 | 292.25 | 22.66 |
| European Union (EU) excluding UK | 411.45 | 464.58 | 488.42 | 5.13 | 230.55 | 241.68 | 4.83 |
| South Asia | 205.94 | 167.81 | 232.64 | 38.63 | 86.23 | 109.78 | 27.31 |
| Middle East Countries (Excl. Cyprus & Egypt) | 137.47 | 120.13 | 144.22 | 20.05 | 59.22 | 69.73 | 17.75 |
| African Countries | 43.22 | 42.91 | 56.05 | 30.62 | 24.96 | 27.20 | 8.97 |
| Asean Countries | 68.55 | 37.44 | 49.79 | 32.99 | 17.81 | 25.24 | 41.72 |
| CIS Countries | 47.17 | 44.39 | 43.84 | -1.24 | 23.35 | 22.54 | -3.47 |
| Others | 551.70 | 539.35 | 506.19 | -6.15 | 271.32 | 257.58 | -5.06 |
| Total Merchandise Exports | 1,993.40 | 1,888.40 | 2,108.65 | 11.66 | 951.70 | 1,046.00 | 9.91 |
Export of Services
The estimated value of services exports for the month of February 2022 was 290 Million dollars, increasing 31.66 % over the corresponding month of 2021. The services exports estimated by EDB consists of ICT/BPM, Construction, Financial services and Transport & Logistics.