Imports to Sri Lanka dropped 23.1 percent year-on-year to USD 1,400 million in June 2019, amid declines in purchases of intermediate goods (-11.1 percent), due to lower expenditure in fuel (-17 percent); consumer (-39.4 percent) and investment goods (-32.6 percent). Imports in Sri Lanka averaged 1216.30 USD Million from 2001 until 2019, reaching an all time high of 2048 USD Million in December of 2017 and a record low of 408 USD Million in February of 2002.
Imports in Sri Lanka is expected to be 1820.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Sri Lanka to stand at 1990.00 in 12 months time. In the long-term, the Sri Lanka Imports is projected to trend around 1950.00 USD Million in 2020, according to our econometric models.