Tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka
Sri Lanka: Tariff rate, most favored nation, weighted mean, manufactured products was 2.4% in 2021. ◆ Volatile
Tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka, 1990–2021
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka is 2.4%, measured in 2021. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 50.2% on the previous year and down 64.9% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka peaked at 27.2% in 1994 and was at its lowest, 2.4%, in 2021.
That places Sri Lanka 170th out of 184 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 24.5% | — |
| 1993 | 26.6% | +8.8% |
| 1994 | 27.2% | +2.0% |
| 1997 | 21.6% | -20.5% |
| 1998 | 6.8% | -68.8% |
| 2000 | 5.7% | -16.3% |
| 2001 | 5.3% | -6.0% |
| 2003 | 5.7% | +7.5% |
| 2004 | 6.7% | +16.5% |
| 2005 | 7.1% | +6.8% |
| 2006 | 7.2% | +1.3% |
| 2007 | 7.0% | -2.2% |
| 2008 | 7.1% | +1.1% |
| 2009 | 6.6% | -7.0% |
| 2010 | 6.7% | +1.7% |
| 2011 | 6.8% | +0.6% |
| 2012 | 6.3% | -6.5% |
| 2014 | 6.4% | +1.6% |
| 2015 | 4.2% | -34.3% |
| 2017 | 6.6% | +56.4% |
| 2018 | 10.8% | +63.8% |
| 2019 | 10.9% | +0.6% |
| 2020 | 4.8% | -56.2% |
| 2021 | 2.4% | -50.2% |
Sri Lanka compared with similar countries
- Sri Lanka's 2.4% is below the median for upper middle income countries, which is 6.6%, 36% of the median. (53 countries reporting)
- Sri Lanka's 2.4% is below the median for South Asia, which is 10.5%, 23% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -68.8% | 21.6% | 6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.3% | 6.8% | 27.2% | 5 |
| 2000s | 6.5% | 5.3% | 7.2% | 9 |
| 2010s | 7.3% | 4.2% | 10.9% | 8 |
| 2020s | 3.6% | 2.4% | 4.8% | 2 |
Countries ranked near Sri Lanka
- 167 Canada 2.6% compare
- 168 United States of America 2.5% compare
- 169 Timor-Leste 2.5% compare
- 171 Peru 2.4% compare
- 172 Papua New Guinea 2.3% compare
- 173 Switzerland 2.2% compare
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 tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka?
- Tariff rate, most favored nation, weighted mean, manufactured products in Sri Lanka was 2.4% in 2021, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, manufactured products recorded in Sri Lanka?
- The highest recorded value was 27.2% in 1994.
- What is the lowest tariff rate, most favored nation, weighted mean, manufactured products recorded in Sri Lanka?
- The lowest recorded value was 2.4% in 2021.
- How does Sri Lanka rank for tariff rate, most favored nation, weighted mean, manufactured products?
- Sri Lanka ranks 170th out of 184 countries with data for 2021.
- Is tariff rate, most favored nation, weighted mean, manufactured products rising or falling in Sri Lanka?
- Over the last ten years it is down 64.9%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, manufactured products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.