Monday Mar 30, 2026
Monday Mar 30, 2026
Monday, 30 March 2026 05:34 - - {{hitsCtrl.values.hits}}
Sri Lanka Customs has exceeded its revenue target for the third consecutive month, reaching the March target ahead of schedule, according to official data.
The March revenue target was set at Rs. 180.4 billion, while collections amounted to Rs. 184.8 billion within the first 26 days of the month, surpassing the target by 2.4%.
In 2025, Customs reported a record revenue of Rs. 2,551 billion, exceeding the revised target of Rs. 2,241 billion and reflecting a 64.2% increase from Rs. 1,553 billion recorded the previous year.
For 2026, the revenue target has been set at Rs. 2,207 billion, 13.5% lower than last year, amid expectations of a decline in vehicle imports. Data show that 28.8% of this year’s target was achieved within the first 85 days.
Vehicle import growth is slowing after the initial post-reopening surge, with January data signalling a loss of momentum and February registrations dropping by 3,683 units, according to a recent JB Securities report.
Imports fell to $ 236.4 million in January from a record $ 311.1 million in December 2025, driven by a sharp decline in personal vehicle imports, which dropped 32% month-on-month from $ 240.9 million to $ 163.8 million.
