Sri Lanka's tea exports down to 5.5% in FY 2023
Sri Lanka is a beautiful picturesque country known for producing quality tea from ancient times. Sri Lanka’s Ceylon tea is quite popular among the global market. Before the economic crisis, Sri Lanka was the third leading exporter of tea. But the financial crisis has impacted its tea sales. Through foreign aid, beneficial policy, Sri Lanka tea exports market is now reviving. According to the Sri Lanka import export data reports, the country's tea exports showed an increase of 4.8% this year. During this financial year, Sri Lanka's tea exports were recorded to be $2.2 billion dollars. Although the tea exports during December were down to 5.5%. The topmost tea exports from Sri Lanka includes black tea (Iced tea, partly fermented tea), green tea, green coffee extracts, etc. Iraq and Russia are the top importers of tea globally in which Sri Lanka has exported the maximum number of tea shipments. Sri Lanka export data shows Iraq and Russia as the leading supplier of tea in the...