Sri Lanka, July 24 -- The Department of Import and Export Control has reported a revenue of Rs. 3.7 billion for the year 2024, generated through the issuance of import and export control licenses.

According to the 2024 performance report of the Department, this marks a 13% increase in revenue compared to the year 2023.

A total of 17,010 import and export licenses were issued during the year, the Department said.

The highest number of licenses were granted for the importation of mobile phones, communication equipment, and other equipment.

Additionally, there was a notable increase in the issuance of licenses for the import and export of chemicals, fertilizers, pesticides, and industrial raw materials.

Between June and December 2024, a...