Sri Lanka earned $900 million through rubber exports in 2022

(Photo credit: Oliver Strewe)
Sri Lanka has made 327 billion rupees ($900 million) in 2022 by exporting rubber products, the Rubber Development Department said.
Director General of the department Madawa Kulasuriya told the media on Saturday that this was a slight drop from 2021 revenue, which was $1 billion, Xinhua news agency reported.
However, the South Asian country intends to increase revenue from rubber products to $3 billion by 2025, he said.
Major markets for finished rubber products are the US, Germany and Japan, while Pakistan, Germany and Japan are major markets for natural rubber from Sri Lanka, he added.
Sri Lanka is one of leading natural rubber exporters in the world, and in 2021 around 70 per cent of income from rubber exports came as tyres, according to official data.
(IANS)
Latest Headlines
- Sri Lanka Government to relax import restrictions on nearly 400 items June 2, 2023
- Reform momentum must continue despite tentative signs of improvement in Sri Lanka Economy – IMF June 2, 2023
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 June 2, 2023
- Sri Lankan Rupee appreciates against U.S. Dollar June 1, 2023
- Professionals belonging to 14 categories required to register with Inland Revenue Department from June 01 June 1, 2023
- Bruno Divakara remanded until June 07 June 1, 2023
- Over 9,000 dengue cases reported in Sri Lanka in May, 2023 June 1, 2023