diff --git a/package/containerd/containerd.hash b/package/containerd/containerd.hash
index 39d040016c..ced95f2aff 100644
--- a/package/containerd/containerd.hash
+++ b/package/containerd/containerd.hash
@@ -1,3 +1,3 @@
 # Computed locally
-sha256  ac75e2a5552163c203f836f5e9feac349f78f7956e8da228c372a12554b1ee40  containerd-1.5.13.tar.gz
+sha256  d14c703ea6d60a45ef2db8f2275ddae6a3538305117c7813fa24dcf12f4b7d85  containerd-1.5.16.tar.gz
 sha256  4bbe3b885e8cd1907ab4cf9a41e862e74e24b5422297a4f2fe524e6a30ada2b4  LICENSE
diff --git a/package/containerd/containerd.mk b/package/containerd/containerd.mk
index 5f91d089b8..aa5e89df03 100644
--- a/package/containerd/containerd.mk
+++ b/package/containerd/containerd.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-CONTAINERD_VERSION = 1.5.13
+CONTAINERD_VERSION = 1.5.16
 CONTAINERD_SITE = $(call github,containerd,containerd,v$(CONTAINERD_VERSION))
 CONTAINERD_LICENSE = Apache-2.0
 CONTAINERD_LICENSE_FILES = LICENSE