The demand for vehicles in Sri Lanka remains afloat according to a report prepared by the Ceylon Chamber of Commerce analyzing import statistics for 2011.
The expenditure on import of vehicles and parts recorded a growth of 87% in 2011.
The value of imports increased from Rs. 117 billion to Rs. 219 billion for the year.
The Ceylon Chamber analysis finds that the share of expenditure on importation of vehicles and parts as a percentage of total expenditure on imports of Sri Lanka has been increasing over the past decade.
In 2011 it accounted for 10% of the total import bill compared to 8% in 2010.