Sri Lanka’s cinnamon industry achieved a historic milestone, with exports generating nearly Rs 8 billion( USD 260) in 2025, marking the highest annual revenue ever for cinnamon-based products. This, driven by a 23.12% increase in the first eight months, contributes to a record-setting year for total export earnings of over USD 17.2 billion.
The Department of Cinnamon Development aims to boost export revenue further, targeting USD 300 million in 2026. This performance was part of a broader, strong recovery in the spices and essential oils sector, which grew by 4.6% to USD 286.7 million between January and August 2025. The sector’s growth is part of a larger 5.6% increase in Sri Lanka’s overall export earnings in 2025. Sri Lanka Cinnamon is exported to over 100 countries.
Meanwhile the Central Bank says that worker remittance had recorded a new high in January 2026 posting USD 751.10 rising 31.1% YoY.
Source : Daily News
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