Binding coverage, primary products in Sri Lanka
Sri Lanka: Binding coverage, primary products was 73.4% in 2021. ▲ Rising
Binding coverage, primary products in Sri Lanka, 1997–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Sri Lanka recorded 73.4% for binding coverage, primary products in 2021.
The figure is up 5.8% over ten years.
Over the whole period, binding coverage, primary products in Sri Lanka peaked at 73.5% in 2018 and was at its lowest, 69.2%, in 2003.
That places Sri Lanka 47th out of 158 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Binding coverage, primary products in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 69.2% | — |
| 1998 | 69.8% | +0.8% |
| 2000 | 69.8% | +0.0% |
| 2001 | 69.8% | +0.0% |
| 2003 | 69.2% | -0.9% |
| 2004 | 69.2% | +0.0% |
| 2005 | 69.2% | +0.0% |
| 2006 | 69.2% | +0.0% |
| 2007 | 69.4% | +0.3% |
| 2008 | 69.4% | +0.0% |
| 2009 | 69.4% | +0.0% |
| 2010 | 69.4% | +0.0% |
| 2011 | 69.4% | +0.0% |
| 2012 | 73.3% | +5.7% |
| 2014 | 73.3% | +0.0% |
| 2015 | 73.3% | +0.0% |
| 2017 | 73.3% | +0.0% |
| 2018 | 73.5% | +0.2% |
| 2019 | 73.4% | -0.1% |
| 2020 | 73.4% | +0.0% |
| 2021 | 73.4% | +0.0% |
Sri Lanka compared with similar countries
- Sri Lanka's 73.4% is above the median for upper middle income countries, which is 58.4%, 1.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 69.5% | 69.2% | 69.8% | 2 |
| 2000s | 69.4% | 69.2% | 69.8% | 9 |
| 2010s | 72.4% | 69.4% | 73.5% | 8 |
| 2020s | 73.4% | 73.4% | 73.4% | 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, primary products in Sri Lanka?
- Binding coverage, primary products in Sri Lanka was 73.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Sri Lanka?
- The highest recorded value was 73.5% in 2018.
- What is the lowest binding coverage, primary products recorded in Sri Lanka?
- The lowest recorded value was 69.2% in 2003.
- How does Sri Lanka rank for binding coverage, primary products?
- Sri Lanka ranks 47th out of 158 countries with data for 2021.
- Is binding coverage, primary products rising or falling in Sri Lanka?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is rising.
- Where does this Sri Lanka data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).