Binding coverage, manufactured products in Sri Lanka
Sri Lanka: Binding coverage, manufactured products was 29.1% in 2021. ▼ Falling
Binding coverage, manufactured products in Sri Lanka, 1997–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, binding coverage, manufactured products in Sri Lanka stood at 29.1%.
Compared with earlier readings it is down 0.3% over ten years.
Over the whole period, binding coverage, manufactured products in Sri Lanka peaked at 32.5% in 1997 and was at its lowest, 29.1%, in 2003.
That places Sri Lanka 51st out of 158 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Binding coverage, manufactured products in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 32.5% | — |
| 1998 | 32.1% | -0.9% |
| 2000 | 32.1% | +0.0% |
| 2001 | 32.1% | +0.0% |
| 2003 | 29.1% | -9.5% |
| 2004 | 29.1% | +0.0% |
| 2005 | 29.1% | +0.0% |
| 2006 | 29.1% | +0.0% |
| 2007 | 29.2% | +0.5% |
| 2008 | 29.2% | +0.0% |
| 2009 | 29.2% | +0.0% |
| 2010 | 29.2% | +0.0% |
| 2011 | 29.2% | -0.1% |
| 2012 | 29.3% | +0.3% |
| 2014 | 29.3% | +0.0% |
| 2015 | 29.1% | -0.7% |
| 2017 | 29.1% | +0.0% |
| 2018 | 29.1% | +0.1% |
| 2019 | 29.1% | +0.0% |
| 2020 | 29.1% | +0.0% |
| 2021 | 29.1% | +0.0% |
Sri Lanka compared with similar countries
- Sri Lanka's 29.1% is above the median for upper middle income countries, which is 29.1%, 1.0× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.3% | 32.1% | 32.5% | 2 |
| 2000s | 29.8% | 29.1% | 32.1% | 9 |
| 2010s | 29.2% | 29.1% | 29.3% | 8 |
| 2020s | 29.1% | 29.1% | 29.1% | 2 |
Countries ranked near Sri Lanka
More private sector data for Sri Lanka
- Merchandise trade 32.2% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 59.7% (2024)
- Merchandise imports 21.48 billion current US$ (2025)
- Food exports 27.3% (2024)
- Manufactures exports 66.0% (2024)
- Merchandise exports 13.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 624.24 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1248 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.33 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, manufactured products in Sri Lanka?
- Binding coverage, manufactured products in Sri Lanka was 29.1% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, manufactured products recorded in Sri Lanka?
- The highest recorded value was 32.5% in 1997.
- What is the lowest binding coverage, manufactured products recorded in Sri Lanka?
- The lowest recorded value was 29.1% in 2003.
- How does Sri Lanka rank for binding coverage, manufactured products?
- Sri Lanka ranks 51st out of 158 countries with data for 2021.
- Is binding coverage, manufactured products rising or falling in Sri Lanka?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is falling.
- Where does this Sri Lanka data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, manufactured products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.