Customs and other import duties in Sri Lanka
Sri Lanka: Customs and other import duties was 390.22 billion current LCU in 2023. ◆ Volatile
Customs and other import duties in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for customs and other import duties in Sri Lanka is 390.22 billion current LCU, measured in 2023. That is the highest value across all 34 years on record.
That represents a change of up 14.1% on the previous year and up 103.4% over ten years.
Over the whole period, customs and other import duties in Sri Lanka peaked at 390.22 billion current LCU in 2023 and was at its lowest, 16.79 billion current LCU, in 1990.
Sri Lanka ranks 27th of 152 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 16.79 billion current LCU | — |
| 1991 | 18.62 billion current LCU | +10.9% |
| 1992 | 20.82 billion current LCU | +11.8% |
| 1993 | 20.61 billion current LCU | -1.0% |
| 1994 | 22.60 billion current LCU | +9.6% |
| 1995 | 24.36 billion current LCU | +7.8% |
| 1996 | 25.46 billion current LCU | +4.5% |
| 1997 | 26.74 billion current LCU | +5.0% |
| 1998 | 28.15 billion current LCU | +5.3% |
| 1999 | 27.72 billion current LCU | -1.5% |
| 2000 | 23.97 billion current LCU | -13.5% |
| 2001 | 26.16 billion current LCU | +9.1% |
| 2002 | 28.31 billion current LCU | +8.2% |
| 2003 | 34.18 billion current LCU | +20.8% |
| 2004 | 41.10 billion current LCU | +20.2% |
| 2005 | 45.39 billion current LCU | +10.4% |
| 2006 | 52.66 billion current LCU | +16.0% |
| 2007 | 55.99 billion current LCU | +6.3% |
| 2008 | 63.84 billion current LCU | +14.0% |
| 2009 | 79.56 billion current LCU | +24.6% |
| 2010 | 64.16 billion current LCU | -19.4% |
| 2011 | 75.97 billion current LCU | +18.4% |
| 2012 | 216.67 billion current LCU | +185.2% |
| 2013 | 191.81 billion current LCU | -11.5% |
| 2014 | 198.48 billion current LCU | +3.5% |
| 2015 | 244.23 billion current LCU | +23.0% |
| 2016 | 361.60 billion current LCU | +48.1% |
| 2017 | 368.36 billion current LCU | +1.9% |
| 2018 | 339.12 billion current LCU | -7.9% |
| 2019 | 331.08 billion current LCU | -2.4% |
| 2020 | 359.63 billion current LCU | +8.6% |
| 2021 | 350.60 billion current LCU | -2.5% |
| 2022 | 342.00 billion current LCU | -2.5% |
| 2023 | 390.22 billion current LCU | +14.1% |
Sri Lanka compared with similar countries
- Sri Lanka's 390.22 billion current LCU is above the median for upper middle income countries, which is 12.90 billion current LCU, 30.2× the median. (47 countries reporting)
- Sri Lanka's 390.22 billion current LCU is above the median for South Asia, which is 229.33 billion current LCU, 1.7× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Customs and other import duties 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 |
|---|---|---|---|
| 2012 | +185.2% | 75.97 billion current LCU | 216.67 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.19 billion current LCU | 16.79 billion current LCU | 28.15 billion current LCU | 10 |
| 2000s | 45.12 billion current LCU | 23.97 billion current LCU | 79.56 billion current LCU | 10 |
| 2010s | 239.15 billion current LCU | 64.16 billion current LCU | 368.36 billion current LCU | 10 |
| 2020s | 360.61 billion current LCU | 342.00 billion current LCU | 390.22 billion current LCU | 4 |
Countries ranked near Sri Lanka
More public sector data for Sri Lanka
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Frequently asked questions
- What is customs and other import duties in Sri Lanka?
- Customs and other import duties in Sri Lanka was 390.22 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Sri Lanka?
- The highest recorded value was 390.22 billion current LCU in 2023.
- What is the lowest customs and other import duties recorded in Sri Lanka?
- The lowest recorded value was 16.79 billion current LCU in 1990.
- How does Sri Lanka rank for customs and other import duties?
- Sri Lanka ranks 27th out of 152 countries with data for 2023.
- Is customs and other import duties rising or falling in Sri Lanka?
- Over the last ten years it is up 103.4%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.