Sri Lanka's Tea Exports Surge: Earnings Hit $ 1.29 Bn in 10 Months 📈
• Tea export earnings reached US$ 1.29 Bn in the first 10 months of 2025 (Jan–Oct), reflecting a strong 9% increase compared to US$ 1.18 Bn in the corresponding period of 2024. • Cumulative export volume rose to 220.21 Mnkg, an increase of 17.06 Mnkg compared to 203.15 Mnkg in the previous year. The approximate FOB value per kg was marginally higher at US$ 5.86. • Volume growth for the Jan-Oct period was seen across all major export categories except bulk tea. October 2025 volume also rose YoY, supported primarily by higher shipments of tea packets and tea bags. • Key Markets (Jan-Oct Volume Growth): • Leading Buyer: Iraq imported 33.88 Mnkg, registering a 25% YoY increase. • Sharpest Expansion: Libya saw a massive 134% surge, importing 17.40 Mnkg. • Other Strong Growth: Türkiye (+20%) and Chile (+35%) also showed significant expansion. • Note: Russia ranked second with 18.40 Mnkg despite an 11% YoY decline.