Sri Lanka
On this page you will find beneficial information regarding foreign direct investment in / trading with Sri Lanka. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Presidential Republic
Population: 22.16 million (2021)
GDP: 88.93 billion USD (2021)
Corporate Tax Rate: 42%
Personal Income Tax Rate: 24%
Major Exports: Tea ($1.34B), Other Women's Undergarments ($690M), Knit Women's Undergarments ($624M), Knit Women's Suits ($553M), and Non-Knit Women's Suits ($516M), exporting mostly to United States ($3.21B), India ($1B), United Kingdom ($964M), Germany ($877M), and Italy ($606M).
Major Imports: Refined Petroleum ($2.2B), Light Rubberized Knitted Fabric ($1.01B), Broadcasting Equipment ($585M), Semi-Finished Iron ($459M), and Crude Petroleum ($432M), importing mostly from China ($5.48B), India ($4.87B), United Arab Emirates ($1.54B), Singapore ($808M), and Malaysia ($797M).
Investment Agency: Board of Investment of Sri Lanka
Website: https://investsrilanka.com/
National Chamber of Commerce: National Chamber of Commerce of Sri Lanka
Website: https://nationalchamber.lk/
Customs Agency: Sri Lanka Customs
Website: http://www.customs.gov.lk/
