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Import bill falls, even as vehicle inflow climbs
The Island
|July 14, 2025
Sri Lanka's import bill dropped by USD 179 million in May 2025 to USD 1.507 billion, despite a notable rise in personal vehicle imports, and there has been a continued surge in workers' remittances, according to the latest data released by the Central Bank of Sri Lanka (CBSL).
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The value of personal vehicle imports stood at USD 118 million in May, a marginal dip from USD 134 million in April. However, the broader import decline was driven by weakening services inflows and tighter control on other categories of goods, amid concerns over the sustainability of Sri Lanka's external sector.
The import contraction comes as remittance inflows continued their upward trajectory.
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