Tea Exports for the month of February totalled 22.31 M/kg, showing a positive variance of 3.76 M/kg vis-à-vis 18.55 M/kg of February 2023. All categories except for Tea Packets and Green Tea have shown improvements in comparison with the corresponding month of the previous year.

F.O.B value in February was recorded at Rs.1,789.43, a decline of Rs. 250.82 y-o-y compared to Rs. 2,040.25 of February 2023. All categories have witnessed negative variances in SLR term and positive variances in USD terms expect for the Instant tea segment 

January-February 2024 cumulative exports totalled 41.08 M/kg, showing an increase of 4.97 M/kg vis-à-vis 36.11 M/kg of January-February 2023. All categories except for tea packets continue to show steady growth against the same period of the previous year. 

Iraq has been ranked at No. 1 amongst major importers of Ceylon Tea with a total of 5.30 M/kg, an increase of 14% y-o-y in January-February 2024 against the previous year’s 4.66 M/kg. UAE (4.98 M/kg) and Russia (4.52 M/kg) emerged at second and third positions respectively, surpassing Türkiye who recorded a decline of 38% against the corresponding period of the previous year.

Other notable importer countries are Iran, Saudi Arabia, China, Germany, Azerbaijan and Chile.