Sri Lanka
Asia & Middle East
Trade in Sri Lanka
| Sri Lanka was the world’s 93rd largest exporter of goods and 95th largest exporter of commercial services in 2022. Export values were $13.11 billion and $3.06 billion USD respectively. Sri Lanka’s top export category was Manufactures, followed by Clothing, and Agricultural products. In 2022, Sri Lanka’s main export destination markets for goods and services trade were to United States, United Kingdom and India, with trade representing 46.52 per cent of GDP. In terms of imports, Sri Lanka is the world’s 91st largest importer of goods and 101st largest importer of commercial services. Import values were $18.29 billion and $2.78 billion USD respectively in 2022. Sri Lanka’s top import category was Manufactures, followed by Fuels and mining products and Textiles. Leading import partners were China, India and United Arab Emirates. Sri Lanka is part of 6 different Regional Trade Agreements, including Asia Pacific Trade Agreement (APTA) and Global System of Trade Preferences among Developing Countries (GSTP). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Democratic Socialist Republic of Sri Lanka |
Abbreviation |
LK |
Capital |
Colombo |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system of Roman-Dutch civil law, English common law, Jaffna Tamil customary law, and Muslim personal law |
Language |
Sinhala, Tamil |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Sri Lankan rupee |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
https://www.customs.gov.lk/customs-tariff/import-tariff/ |
Trade Information Portal |
https://srilankatradeportal.gov.lk/ |
Last Reviewed: June, 2024
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