Main Economic Indicators (2024)
GDP (billion $) |
98,96 |
Real GDP Growth Rate (%) |
+5,0% |
Population (million) |
21,76 |
GDP Per Capita ($) |
4,516 |
Inflation Rate (%) |
-0,4% |
Unemployment Rate (%) |
%4,4 |
Exports (billion $) |
16,2 |
Imports (billion $) |
18,9 |
Bilateral Trade Volume (million $) |
216 |
The most important export markets for Sri Lanka: USA, United Kingdom, India
Main Countries for Sri Lankan Imports: China, India, UAE
Main Export Items: Textiles and ready-made clothing, tea, rubber and rubber products, coconut and its derivatives, spices
Main Import Items: Mineral fuels and petroleum products, machinery, boilers, vehicles
Bilateral Economic and Trade Relations Between Sri Lanka and Türkiye
Figures of export, import, trade volume (million $)
Year |
Export |
Import |
Volume |
Balance |
2020 |
77,5 |
89,9 |
167,4 |
-12,4 |
2021 |
93,9 |
98,9 |
192,8 |
-5,1 |
2022 |
156,4 |
94,1 |
250,5 |
+62,3 |
2023 |
133,4 |
103,3 |
236,7 |
+30 |
2024 |
104,7 |
112,3 |
216,9 |
-7,7 |
Source: TÜİK
Main export items: Wheat flour, pulses, motor land vehicles and parts, electrical machinery and devices, inorganic chemicals, coffee, tea
Main import items: Ready-made clothing and textile products, tea, rubber products, coconut derivatives, activated carbon and spices. (While our country was the country to which Sri Lanka exported the most tea in 2017, it fell to fifth place as of April 2025.)
JEC: The 1st Meeting of the Turkey-Sri Lanka Joint Economic Commission (JEC) was held in Ankara on 10-11 November 2016, and the 2nd Meeting was held online on 10 June 2021 due to the Covid-19 pandemic. The 3rd Meeting is planned to be held on 24-25 July 2025.
Investments: It is estimated that direct capital investments from Turkey to Sri Lanka are around 3 million dollars, including the housing project carried out by the Turkish Cooperation and Coordination Agency (TIKA). There is no direct capital investment from Sri Lanka to our country.
Aid: As of May 2024, a total of 19 projects and activities have been carried out by TIKA.