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Sri Lanka Trade (% GDP)

Sri Lanka's trade (% GDP) fell to 42.4% in 2024, down from 43.54% in 2023, according to World Bank. This represents a decrease of 1.14% from the previous year. Sri Lanka has trade (% GDP) lower than the global median (42.40% vs median 84.49%). Compared with the median in Asia, Sri Lanka is lower (42.40% vs regional median 82.69%) and ranks 39th out of 45 countries in Asia.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 42.4%
2023 43.54%
2022 46.68%
2021 41.23%
2020 37.09%
2019 49.43%
2018 49.81%
2017 47.14%
2016 46.47%
2015 46.92%
2009 49.15%
2008 63.37%
2007 68.61%
2006 71.26%
2005 73.6%
2004 79.48%
2003 75.34%
2002 76.34%
2001 80.9%
2000 88.64%
1999 78.75%
1998 78.49%
1997 80.14%
1996 78.87%
1995 81.64%
1994 79.43%
1993 77.15%
1992 72.8%
1991 67.6%
1990 68.24%
1989 64.02%
1988 62.91%
1987 60.89%
1986 59.05%
1985 63.98%
1984 63.55%
1983 67.76%
1982 73.61%
1981 77%
1980 87.02%
1979 79.46%
1978 74.32%
1977 63.97%
1976 60.43%
1975 62.45%
1974 60.33%
1973 49.91%
1972 46.23%
1971 51.22%
1970 54.05%
1969 43.01%
1968 44.21%
1967 43.76%
1966 48.22%
1965 51.4%
1964 51.34%
1963 53.25%
1962 56.99%
1961 56.02%
1960 62.87%
Sri Lanka Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Sri Lanka divided by its total economic output, shown 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
Tariff Rate 5.73% 8.84% 2021