March 2006
Sri Lanka
                         
BASIC INDICATORS
Population (thousands, 2004)  19 444 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004)  20 055 Merchandise  79 75
GDP (million current PPP US$, 2004)  81 144 Commercial services 84 72
Current account balance (million US$, 2004) -  648 Merchandise excluding intra-EU trade 58 54
Trade per capita (US$, 2002-2004)   757 Commercial serv. excl. intra-EU trade 61 52
Trade to GDP ratio (2002-2004)   79.6
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   147 4 6 6
Exports of goods and services (volume, 1995=100)   164 6 5 8
Imports of goods and services (volume, 1995=100)   189 7 10 9
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget (%, 2006) 0.088
Trade Policy Review date 3, 5 March 2004 Import duties collected (%, 2000-2002):
in total tax revenue 12.9
Tariff binding coverage (%, 2001)   37.8 to total merchandise imports 4.7
MFN tariffs Final bound Applied 2004
Simple average of ad-valorem duties Number of:
All goods   29.8   10.1 GATS services sectors with commitments   27
Agricultural goods (AOA)   49.7   22.5 Dispute rulings (complainant - defendant) 0 - 0
Non-agricultural goods   19.3   8.3 Notifications outstanding  (CRN)   29
Non ad-valorem duties (% of total tariff lines)   1.7   0.7 Number of contingency measures in force:
Anti-dumping (30 June 2005) ...
MFN duty free imports Countervailing duties (30 June 2005) ...
Share in total imports, 2001   56.2 Safeguards (3 November 2005)   0
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  5 757 5 9 12
Merchandise imports, c.i.f. (million US$)  7 973 5 9 19
2004   2004
Share in world total exports    0.06 Share in world total imports  0.08
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   20.8 Agricultural products 12.9
Fuels and mining products   2.8 Fuels and mining products 15.8
Manufactures   71.2 Manufactures 67.2
  By main destination   By main origin
1. United States   34.0 1. India   17.3
2. European Union (25)   32.1 2. European Union (25)   16.0
3. India   7.0 3. Singapore   9.3
4. Japan   2.8 4. Hong Kong, China   7.9
5. Russian Federation   2.7 5. Iran, Islamic Rep. of   5.9
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  1 506   7 11 8
Commercial services imports (million US$)  1 872   5 6 14
2004   2004
Share in world total exports   0.07   Share in world total imports 0.09
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   41.4   Transportation 60.6
Travel   34.0   Travel 15.8
Other commercial services   24.5   Other commercial services 23.6
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 1997   160   66   94   Marks registered, 1997  1 765  656 1 109