Sri Lanka is preparing to unveil its strategic export plan for the upcoming five years, aiming to reach an export revenue goal of $36 billion by the year 2030, as announced by the nation’s Export Development Board (EDB).
The National Export Development Plan (NEDP) for 2026–2030 has been crafted by the EDB with support from the Asian Development Bank (ADB).
According to the EDB, the framework of this national strategy is built on two fundamental pillars. The first pillar, referred to as Horizontals, encompasses vital foundational elements necessary for fostering growth across various key sectors. These elements include trade facilitation, the development of trade finance and investment ecosystems, promotional activities for trade and market access, management of supply chains, and operations of consolidation centers. Additionally, it emphasizes the importance of quality infrastructure, adherence to standards, and compliance with environmental, social, and governance (ESG) criteria. Skills enhancement, innovation, and entrepreneurship are also integral to this pillar.
The second pillar identifies eight priority sectors, known as Verticals, which aim to improve export diversification and add value to products. These sectors include auto components, industries based on minerals, rubber production, marine industries (which cover boat and shipbuilding), spices and concentrates, digital products and services, electrical and electronic components, as well as processed food and beverages.
This plan was formulated following extensive consultations and input from over 300 stakeholders, including individuals from both public and private sectors, civil society organizations, and international collaborators, according to the EDB. (Colombo/Jun12/2026)
