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Sri Lanka Tariff Rate

Sri Lanka's tariff rate fell to 5.73% in 2021, down from 8.84% in 2020, according to World Bank. This represents a decrease of 3.11% from the previous year. Sri Lanka has tariff rate lower than the global median (5.73% vs median 5.90%). Compared with the median in Asia, Sri Lanka is higher (5.73% vs regional median 5.36%) and ranks 19th out of 45 countries in Asia.

Yearly Historical Data (1990-2021)

(in %)
Year Tariff Rate (%)
2021 5.73%
2020 8.84%
2019 16.38%
2018 12.06%
2017 10.35%
2015 7.87%
2014 9.33%
2012 9.94%
2011 9.97%
2010 9.79%
2009 10.77%
2008 10.95%
2007 11.08%
2006 11.4%
2005 11.73%
2004 10.57%
2003 9.62%
2001 9.61%
2000 9.72%
1998 11.16%
1997 20.19%
1994 24.51%
1993 23.9%
1990 26.38%
Sri Lanka Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Sri Lanka on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $12.11B $12.05B 2024
Annual Imports $18.39B $16.39B 2024
Balance of Trade -$414M -$580M Aug'25
Exports $1.3B $1.3B Aug'25
Exports (% GDP) 19.89% 20.69% 2024
FDI Inflows (% GDP) 0.85% 1.19% 2023
Imports $1.7B $1.9B Aug'25
Imports (% GDP) 22.51% 22.85% 2024
Net Trade (Goods & Services, BoP) -$1.5B -$3.07B 2023
Trade (% GDP) 42.4% 43.54% 2024