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: 22.181 million (2022)
GDP: 74.85 billion USD (2022)
Corporate Tax Rate: 42%
Personal Income Tax Rate: 24%
Major Exports: Tea ($1.29B), Knit Women's Undergarments ($684M), Other Women's Undergarments ($682M), Knit T-shirts ($665M), and Non-Knit Women's Suits ($579M), exporting mostly to United States ($3.52B), India ($1.12B), United Kingdom ($1.04B), Germany ($881M), and Italy ($662M).
Major Imports: Refined Petroleum ($4.02B), Light Rubberized Knitted Fabric ($971M), Special Purpose Ships ($613M), Packaged Medicaments ($348M), and Crude Petroleum ($337M), importing mostly from India ($6.59B), China ($3.76B), United Arab Emirates ($1.08B), Malaysia ($867M), and Singapore ($768M).