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Sri Lanka rubber exports start 2025 on feeble note as US tariff threat looms

    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