Customs Posts Historic Revenue Surge as Trade Deficit Narrows

October 07, Colombo (LNW): Sri Lanka Customs has recorded its highest-ever monthly revenue, collecting Rs. 253.152 billion in September 2025—a significant 74.6 per cent increase compared to the same month last year.

This figure marks a substantial leap from the Rs. 144.969 billion generated in September 2024, reflecting what officials describe as improved enforcement, policy adjustments, and rising import volumes.

The exceptional revenue performance comes amid broader signs of recovery in the external sector. According to data released by the Central Bank, the country’s trade deficit contracted slightly in August 2025, falling to US$ 414.2 million from US$ 422.3 million in August 2024.

This improvement has been largely credited to a stronger uptick in exports than imports. Export earnings in August rose by 4.1 per cent, supported by increased demand for key commodities, while import expenditure grew by 2.6 per cent during the same period.

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