Sri Lanka’s coconut export earnings rose to US$ 514 million during the January–May period this year, marking a 21% increase compared to the same period in 2025, according to the Coconut Development Authority.

The Chairman of the Authority, Shantha Ranathunga said the growth was achieved despite global headwinds, including disruptions to maritime shipping routes due to ongoing conflict in the Middle East, along with rising freight, insurance and fuel costs.

He added that increased coconut production and stronger international demand for coconut-based products were key drivers behind the export growth.

However, the Chairman noted a decline in fresh king coconut exports by around 33%, attributing the drop to external market pressures. He pointed out that approximately 95% of Sri Lanka’s king coconut exports are directed to the Dubai market, making it particularly sensitive to disruptions.

Despite this, the overall coconut export sector recorded broad-based growth across value-added segments, including coconut kernel-based products, coir industry goods, and coconut shell-based manufacturing, all of which contributed to the improved performance.