Key Market Indicators
Sri Lanka's weapon imports are projected to reach approximately $40.9 million by 2028, down from around $41.4 million in 2023. This represents an average annual decline of 0.2%. Since 1975, Sri Lanka's demand for weapon imports has decreased significantly, with an average annual reduction of 16.2%. In the 2023 rankings, Sri Lanka was positioned at number 68. Togo surpassed Sri Lanka with weapon imports totaling about $41.4 million. Leading the rankings in weapon imports were Qatar, Saudi Arabia, and Kuwait, occupying the second, third, and fourth positions, respectively.
