The Crucial Contribution of the Tea Exports in Sri Lanka's Economy

Sri Lanka’s tea export industry is one of the crucial factors contributing to its overall trade rate. The export reach has increased by a rate of 9% from the previous year. The country has started trading its tea with some of the top importing regions like Iraq, Russia, and the United Arab Emirates. With a rising trade rate of 5%, 10%, and 14%, with a value of 34.2 million kg, 24.9 million kg, and 21.1 million kg in 2024. Sri Lanka Import Data says although the industry has faced increased production costs due to a 70% government-mandated wage hike for tea workers, the export valuation is still on the go to reach severe heights, countering its annual trade valuation.

The growing trade demands of tea from the management firms of Sri Lanka have indulged the country in introducing a divergent amount of its services in the global supplies, which has resulted in an export trade value of 1.8 billion US dollars of tea exports in 2024. Import Globals with its Sri Lanka trade data highlights the overall regional shipments of tea from the trade firms of the nation to other importing destinations, to highlight the potential marketing zones that the business owners can refer to for future positive trade-out growth.

THE LEADING VARIANTS OF TEA EXPORTED FROM SRI LANKA IN 2024

Sri Lanka has introduced a diversifying portfolio in the global supplies of tea solidifying its trade position among the other trade holders. According to the Sri Lanka Export Data, the top 10 leading variants of tea exported from Sri Lanka in 2024 are,

  1. Ceylon Black Tea — The export trade value of Ceylon Black Tea from Sri Lanka in 2024–235 million US dollars
  2. Green Tea — The export trade value of Green Tea from Sri Lanka in 2024–187 million US dollars
  3. Flavored Tea — The export trade value of Flavored Tea from Sri Lanka in 2024–165 million US dollars
  4. White Tea- The export trade value of White Tea from Sri Lanka in 2024–128 million US dollars
  5. Oolong Tea- The export trade value of Oolong Tea from Sri Lanka in 2024–87 million US dollars
  6. Herbal Infusions- The export trade value of Herbal Infusions from Sri Lanka in 2024–65 million US dollars
  7. Organic Tea — The export trade value of Organic Tea from Sri Lanka in 2024–48 million US dollars
  8. Instant Tea — The export trade value of Instant Tea from Sri Lanka in 2024–32 million US dollars
  9. Iced Tea- The export trade value of Iced Tea from Sri Lanka in 2024–28 million US dollars
  10. Speciality Teas — The export trade value of Speciality Teas from Sri Lanka in 2024–18 million US dollars

THE LEADING EXPORT TRADE PARTNERS OF SRI LANKA FOR TEA IN 2024

Sri Lanka recently has built up its trade relations with regions of closer geographical proximity, having cost-effective pricing strategies regarding tea imports. According to the Sri Lanka Customs Data, the top 10 export trade partners of the nation for tea in 2024 are,

  1. Russia — The export trade value of tea exported from Sri Lanka to Russia in 2024–316 million US dollars

Top 5 variants of tea exported

1. Darjeeling Tea

2. Assam Tea

3. Nilgiri Tea

4. Masala Chai

5. Citrus Black Tea

2. Iran- The export trade value of tea exported from Sri Lanka to Iran in 2024–234 million US dollars

Top 5 variants of tea exported

1. Ceylon Silver Tips

2. Earl Grey Tea

3. English Breakfast Tea

4. Chai Tea

5. Jasmine Green Tea

3. Iraq- The export trade value of tea exported from Sri Lanka to Iraq in 2024–189 million US dollars

Top 5 variants of tea exported

1. Pear Cider Fruity

2. French Breakfast Black

3. Sweet Dreams Herbal Infusion

4. Coconut Chai

5. Passionfruit Mango White

4. Turkey- The export trade value of tea exported from Sri Lanka to Turkey in 2024–156 million US dollars

Top 5 variants of tea exported

1. Lemon Twist Black

2. Jasmine Blossom Green

3. Raspberry Pomegranate Red Rooibos

4. Tropical Pineapple Paradise

5. Vanilla Mint Black

5. Syria- The export trade value of tea exported from Sri Lanka to Syria in 2024–138 million US dollars

Top 5 variants of tea exported

1. Kukicha Twiggy Japanese Greens

2. Rose Petal Black

3. Darjeeling Black Teas

4. Orange Spice Cinnamon Rooibos

5. Pomegranate Green

  1. China- The export trade value of tea exported from Sri Lanka to China in 2024–127 million US dollars

Top 5 variants of tea exported

1. Jasmine Pearls Green Teas

2. Chocolate Mint Truffle Black Teas

3. Vanilla Almond Oolong

4. Ginger Peach Oolong

5. Vanilla Bean Crème Brulee

7. UAE- The export trade value of tea exported from Sri Lanka to UAE in 2024–105 million US dollars

Top 5 variants of tea exported

1. Teaberry Herbal Infusion

2. Mint Flavored Iced Tea

3. Matcha Green Teas

4. Earl Grey Cream Black Teas

5. Honeybush Herbal Infusions

8. Azerbaijan- The export trade value of tea exported from Sri Lanka to Azerbaijan in 2024–89 million US dollars

Top 5 variants of tea exported

1. Rosehip

2. Ceylon Black Tea

3. Green Tea

4. Ceylon Chai Tea

5. English Breakfast

9. Japan- The export trade value of tea exported from Sri Lanka to Japan in 2024–76 million US dollars

Top 5 variants of tea exported

1. Rooibos Tea

2. Lapsang Souchong Tea

3. Masala Chai

4. Darjeeling Tea

5. Mandarin orange pekoe blend

10. United Kingdom- The export trade value of tea exported from Sri Lanka to the United Kingdom in 2024–65 million US dollars

Top 5 variants of tea exported

1. Ceylon Black Tea

2. Ceylon Green Tea

3. Ceylon White Tea

4. Ceylon Oolong Tea

5. Ceylon Silver Tips

Comments

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Seafood Export of Uganda in 2023

Import and Export Procedures in Vietnam 2023