Sri Lanka’s coconut-based exports hit record high in 2025; rubber dips, tea edges up
Exports revenue from Sri Lanka’s coconut-based products hit record high last year with a 43 percent growth, while foreign exchange income from tea edged up and rubber fell, the government data showed.
The revenue from coconut-based products jumped to a record 1,233 million US dollars last year, surpassing the previous all-time peak of 864.3 million US dollars hit in 2024.
The Export Development Board (EDB) attributed the remarkable performance to over 93 percent growth in coconut cream, 79 percent jump in coconut oil and more than 61 percent rise in coconut milk powder.
The revenue from tea, the island nation’s top export commodity, posted a 5 percent growth with an earnings of 1,507.2 million US dollars last year, its highest since 2017.
Revenue from rubber, which surpassed the 1 billion US dollar mark in 2024, fell 5.6 percent to 945.7 million US dollars, the data showed.
The revenue from the three main plantation export crops last year gained 11.6 percent to 3,685.9 million US dollars compared to 3,301.6 million, the data showed.
Analysts have attributed the gain to better weather conditions in the first 11 months before the production was hit by late November Ditwah devastation.
