Category: Commodity
Sri Lanka’s inflation hits 6.8-pct in June
Sri Lanka’s inflation problem isn’t going away anytime soon. June’s headline number came in at 6.8% year-on-year, up from 5.5% in May, and the drivers are exactly what most people already feel when they fill up their tank or do their weekly grocery run. Energy costs remain the main villain here. The Middle East conflict […]
Sri Lanka’s Exports exceeds USD 7.3 Bn in First Five Months
Sri Lanka’s export sector has sustained its resilience, with total exports exceeding US$ 7.3 billion in the first five months of 2026. Combined merchandise and services exports were estimated at US$ 7,393.39 million between January and May, marking a 7.56% year-on-year increase compared to the same period in 2025. Merchandise exports contributed US$ 5,758.44 million […]
Sri Lanka Tightens Oversight on Outward Remittances for Imports
In a move to strengthen the monitoring of foreign exchange leaving the country, the Government of Sri Lanka has introduced strict new regulations targeting outward remittances for import transactions. The mandate was enacted under the Imports and Exports (Control) Act, No. 1 of 1969, through a Gazette Extraordinary issued by the Minister of Finance, Planning, […]
Sri Lanka’s New VAT Amendment to Digitize Tax Collection via Secured POS Systems
As part of a strategic effort to modernize the national tax infrastructure, the Government of Sri Lanka has tabled an amendment to the Value Added Tax (VAT) Act, No. 14 of 2002. The proposed Clause 12 introduces Section 64B, which centers on the integration of “secured point of sale machines” into the daily operations of […]
CCPI based headline inflation accelerated in April 2026 amidst tensions in the Middle East
The Colombo Consumer Price Index (CCPI, 2021=100) based headline inflation (year-on-year, Y-o-Y) accelerated in April 2026 reflecting the spillovers from the ongoing war in the Middle East, particularly the significant upward adjustments in domestic energy prices. Accordingly, headline inflation (Y-o-Y) was recorded at 5.4% in April 2026 compared to 2.2% in March 2026. Food […]
Exports Record USD 15.8 Bn as Sri Lanka Maintains Upward Trade Momentum
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 5.8 % y-o-y growth during the period from January to November 2025. Based on Sri Lanka Customs statistics and estimated export figures for Gems & Jewellery, Petroleum Products and services, total exports reached US$ 15,776.36 Mn, the performance signals sustained growth and […]
Sri Lanka’s Export Earnings Exceed USD 14.4 Bn Mark in First Ten Months of 2025
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 6.0 % growth during the period from January to October 2025. According to data released by Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, total exports reached US$ 14,433.82 Mn, surpassing the performance of the corresponding […]
Export Sector Maintains Momentum, achieving nearly USD 13 Bn in earnings by Q3 2025
Sri Lanka’s export sector continued to demonstrate resilience and steady growth during the period of January to September of 2025, recording total earnings of US$ 12,986.52 Mn. This reflects a strong 7 % increase compared to the corresponding period in 2024. In September 2025 alone, total exports, comprising both merchandise and services reached to US$ […]
Sri Lanka’s Export Earnings hit USD 11.6 Bn in January–August 2025
Sri Lanka’s export sector continued to demonstrate resilience and steady growth during the first eight months of 2025, recording total earnings of US$ 11,554.32 Mn. This reflects a strong 6.61% increase compared to the corresponding period in 2024. In August 2025 alone, total exports, comprising both merchandise and services reached to US$ 1,607.58 Mn, recording […]
Sri Lanka’s Exports Surge to Nearly USD 10 Bn in First Seven Months of 2025
Sri Lanka’s export sector has demonstrated remarkable resilience and steady momentum during the first seven months of 2025, with total exports reaching US$ 9,992.53 Mn, marking a robust 7.79 % growth compared to the corresponding period in 2024. In July 2025 alone, total exports, comprising both merchandise and services reached to US$ 1,641.11 Mn, recording […]
Sri Lanka’s Exports Surge to USD 8.3 Billion in First Six Months of 2025
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first six months of 2025, with total exports reaching US$ 8,337.86 Mn, marking a robust 6.70 % growth compared to the same period in 2024. Total exports, including both merchandise and services reached US$ 1,460.34 Mn in June 2025. This shows an impressive […]
Reduction in tariff from 44-pct to 30-pct is a constructive & important first step: Ceylon Chamber
The Ceylon Chamber of Commerce views the reduction in the tariff rate from 44% to 30% a constructive and important first step by the Government toward bringing Sri Lanka’s tariff structure for exports to the U.S. closer to that of regional competitors. “We encourage continued engagement with the U.S. administration to secure a further reduction […]