In line with the government’s ambitious vision of “A Thriving Nation – A Beautiful Life”, President Anura Kumara Dissanayake has directed officials to implement measures aimed at increasing Sri Lanka’s export revenue to US$ 36 billion by 2030.
The announcement was made during the Export Development Council of Ministers (EDCM) meeting held at the Presidential Secretariat yesterday (27), marking a historic milestone as the council resumed its activities after a 28-year hiatus.
The EDCM, established on September 11, 1980, has convened sporadically in the past but had remained largely inactive since 1992. Although a meeting was held in 2020, no significant policy outcomes were implemented. The 2025 gathering is set to revitalize the council’s role in driving the country’s export agenda.
Sri Lanka’s export revenue, which stood at US$ 16.1 billion in 2024, is projected to rise to US$ 18.2 billion in 2025, with a long-term target of US$ 36 billion by 2030.
The meeting underscored a comprehensive action plan to achieve this ambitious target, emphasizing strengthening domestic production and transitioning towards an export-driven economy by enhancing local manufacturing capabilities, leveraging Sri Lanka’s strategic geographic location, skilled workforce, and abundant natural resources. Participants also focused on revitalizing struggling industries, boosting the competitiveness of export sectors, and adopting innovative strategies to penetrate global markets.
Participants highlighted the importance of ensuring infrastructure readiness, such as reliable energy, transport, and logistical systems, to support the planned economic expansion. The President stressed the need to create a conducive environment for investments, reduce barriers, and provide the resources required for sustainable growth.
This renewed focus on export-led growth is expected to drive industrial development, enhance foreign exchange earnings, and position Sri Lanka as a competitive player in global markets.
