India emerges as Sri Lanka’s top import source nation

DNA: India has emerged as Sri Lanka’s top import source during the first five months of this year, the Central Bank of India said on Wednesday. 

India was followed by China, Japan, UAE and Singapore.

These nations accounted for 60% of the total imports of Sri Lanka which amounts to $ 1,585 million. The country-wise breakdown of foreign trade was not given.

“Total import expenditure in May 2015 increased for the second consecutive month, recording a significant increase of 17.2%, year-on-year, to $ 1,585 million led by vehicle imports, which include personal motor vehicles categorised under consumer goods and commercial vehicles categorised under investment goods,” the bank said.