Sri Lankan tea exports up by 4% in FY 2023
Sri Lanka is known for its diverse quality of tea. For the financial year 2022, Sri Lanka was the second largest tea exporter globally after China. According to the Sri Lanka import export data reports, Sri Lanka tea exports amounted to 1.26 billion dollars in FY 2022. Amid political crisis, lack of fertilizers, the Sri Lankan tea production and exports have declined significantly. Whereas, Sri Lanka's 2021 tea exports were recorded to be 1.34 billion dollars. There was a decline of 12% as Sri Lanka's tea export shipments were around 250 million kilos while it was 286 million kilos in 2021. Although, there was minimal decline in Sri Lanka's tea exports but the demand for Ceylon tea was stable throughout the year. Our Sri Lanka customs data suggests that the highest ever value recorded for Sri Lanka tea exports were during the financial year 2014. Sri Lankan tea has a major demand in Iraq which is arguably the leading importer of Sri Lankan tea. According to Sri Lanka expo...