Sri Lanka, which finished 2024 on a positive note, scripting a year-on-year 7.66% increase in exports of rubber and rubber-finished products, hitting US$ 1,001.54 million, has started 2025 on a weaker note. The exports in January 2025 fell compared to January 2024, mainly owing to a fall in exports to the US, even as the Trump administration took charge with a mission to cut down imports.
Highlights
• Exports decline by 8.15 % YoY to US$75.06 mn in Jan 2025
• SLAMERP embarks on Rubber Masterplan until 2030
• Latex theft threatens very existence of smallholders