diff --git a/.chloggen/goleak_signalfx_correlations.yaml b/.chloggen/goleak_signalfx_correlations.yaml
new file mode 100755
index 000000000000..d20b4d2ccc73
--- /dev/null
+++ b/.chloggen/goleak_signalfx_correlations.yaml
@@ -0,0 +1,27 @@
+# Use this changelog template to create an entry for release notes.
+
+# One of 'breaking', 'deprecation', 'new_component', 'enhancement', 'bug_fix'
+change_type: bug_fix
+
+# The name of the component, or a single word describing the area of concern, (e.g. filelogreceiver)
+component: signalfxexporter
+
+# A brief description of the change.  Surround your text with quotes ("") if it needs to start with a backtick (`).
+note: Fix memory leak in shutdown
+
+# Mandatory: One or more tracking issues related to the change. You can use the PR number here if no issue exists.
+issues: [30864, 30438]
+
+# (Optional) One or more lines of additional information to render under the primary note.
+# These lines will be padded with 2 spaces and then inserted directly into the document.
+# Use pipe (|) for multiline entries.
+subtext:
+
+# If your change doesn't affect end users or the exported elements of any package,
+# you should instead start your pull request title with [chore] or use the "Skip Changelog" label.
+# Optional: The change log or logs in which this entry should be included.
+# e.g. '[user]' or '[user, api]'
+# Include 'user' if the change is relevant to end users.
+# Include 'api' if there is a change to a library API.
+# Default: '[user]'
+change_logs: []
diff --git a/exporter/signalfxexporter/internal/apm/correlations/client.go b/exporter/signalfxexporter/internal/apm/correlations/client.go
index 427c0abb685f..ba86baf9a6c2 100644
--- a/exporter/signalfxexporter/internal/apm/correlations/client.go
+++ b/exporter/signalfxexporter/internal/apm/correlations/client.go
@@ -44,6 +44,7 @@ type CorrelationClient interface {
 	Delete(*Correlation, SuccessfulDeleteCB)
 	Get(dimName string, dimValue string, cb SuccessfulGetCB)
 	Start()
+	Shutdown()
 }
 
 type request struct {
@@ -387,3 +388,9 @@ func (cc *Client) Start() {
 	go cc.processChan()
 	go cc.processRetryChan()
 }
+
+// Shutdown the client. This will block until the context's cancel
+// function is complete.
+func (cc *Client) Shutdown() {
+	cc.wg.Wait()
+}
diff --git a/exporter/signalfxexporter/internal/apm/correlations/client_test.go b/exporter/signalfxexporter/internal/apm/correlations/client_test.go
index 48cb24b996de..87ff12866cb6 100644
--- a/exporter/signalfxexporter/internal/apm/correlations/client_test.go
+++ b/exporter/signalfxexporter/internal/apm/correlations/client_test.go
@@ -124,7 +124,7 @@ func makeHandler(t *testing.T, corCh chan<- *request, forcedRespCode *atomic.Val
 	})
 }
 
-func setup(t *testing.T) (CorrelationClient, chan *request, *atomic.Value, *atomic.Value, context.CancelFunc) {
+func setup(t *testing.T) (CorrelationClient, *httptest.Server, chan *request, *atomic.Value, *atomic.Value, context.CancelFunc, context.Context) {
 	serverCh := make(chan *request, 100)
 
 	var forcedRespCode atomic.Value
@@ -132,10 +132,6 @@ func setup(t *testing.T) (CorrelationClient, chan *request, *atomic.Value, *atom
 	server := httptest.NewServer(makeHandler(t, serverCh, &forcedRespCode, &forcedRespPayload))
 
 	ctx, cancel := context.WithCancel(context.Background())
-	go func() {
-		<-ctx.Done()
-		server.Close()
-	}()
 
 	serverURL, err := url.Parse(server.URL)
 	if err != nil {
@@ -176,13 +172,20 @@ func setup(t *testing.T) (CorrelationClient, chan *request, *atomic.Value, *atom
 	}
 	client.Start()
 
-	return client, serverCh, &forcedRespCode, &forcedRespPayload, cancel
+	return client, server, serverCh, &forcedRespCode, &forcedRespPayload, cancel, ctx
+}
+
+func teardown(ctx context.Context, client CorrelationClient, server *httptest.Server, serverCh chan *request, cancel context.CancelFunc) {
+	close(serverCh)
+	cancel()
+	<-ctx.Done()
+	client.Shutdown()
+	server.Close()
 }
 
 func TestCorrelationClient(t *testing.T) {
-	client, serverCh, forcedRespCode, forcedRespPayload, cancel := setup(t)
-	defer close(serverCh)
-	defer cancel()
+	client, server, serverCh, forcedRespCode, forcedRespPayload, cancel, ctx := setup(t)
+	defer teardown(ctx, client, server, serverCh, cancel)
 
 	for _, correlationType := range []Type{Service, Environment} {
 		for _, op := range []string{http.MethodPut, http.MethodDelete} {
@@ -242,7 +245,7 @@ func TestCorrelationClient(t *testing.T) {
 		client.Correlate(testData, CorrelateCB(func(_ *Correlation, _ error) {}))
 		// sending the testData twice tests deduplication, since the 500 status
 		// will trigger retries, and the requests should be deduped and the
-		// TotalRertriedUpdates should still only be 5
+		// TotalRetriedUpdates should still only be 5
 		client.Correlate(testData, CorrelateCB(func(_ *Correlation, _ error) {}))
 
 		cors := waitForCors(serverCh, 1, 4)
diff --git a/exporter/signalfxexporter/internal/apm/correlations/package_test.go b/exporter/signalfxexporter/internal/apm/correlations/package_test.go
new file mode 100644
index 000000000000..334bbbdc8b54
--- /dev/null
+++ b/exporter/signalfxexporter/internal/apm/correlations/package_test.go
@@ -0,0 +1,14 @@
+// Copyright The OpenTelemetry Authors
+// SPDX-License-Identifier: Apache-2.0
+
+package correlations
+
+import (
+	"testing"
+
+	"go.uber.org/goleak"
+)
+
+func TestMain(m *testing.M) {
+	goleak.VerifyTestMain(m)
+}
diff --git a/exporter/signalfxexporter/internal/apm/requests/sender.go b/exporter/signalfxexporter/internal/apm/requests/sender.go
index e06e649ea33a..708f00571655 100644
--- a/exporter/signalfxexporter/internal/apm/requests/sender.go
+++ b/exporter/signalfxexporter/internal/apm/requests/sender.go
@@ -48,8 +48,14 @@ func (rs *ReqSender) Send(req *http.Request) {
 			go rs.processRequests()
 		}
 
-		// Block until we can get through a request
-		rs.requests <- req
+		// Block until we can get the request through, or until the context is cancelled. The request processor
+		// shuts down when the context has been cancelled, so there's no value added to keep blocking. Blocking
+		// forever results in Shutdown never completing.
+		select {
+		case <-rs.ctx.Done():
+			return
+		case rs.requests <- req:
+		}
 	}
 }
 
diff --git a/exporter/signalfxexporter/internal/apm/tracetracker/tracker_test.go b/exporter/signalfxexporter/internal/apm/tracetracker/tracker_test.go
index 43c638ac0948..b7fb27695550 100644
--- a/exporter/signalfxexporter/internal/apm/tracetracker/tracker_test.go
+++ b/exporter/signalfxexporter/internal/apm/tracetracker/tracker_test.go
@@ -85,7 +85,8 @@ type correlationTestClient struct {
 	correlateCounter int64
 }
 
-func (c *correlationTestClient) Start() { /*no-op*/ }
+func (c *correlationTestClient) Start()    { /*no-op*/ }
+func (c *correlationTestClient) Shutdown() { /*no-op*/ }
 func (c *correlationTestClient) Get(_ string, dimValue string, cb correlations.SuccessfulGetCB) {
 	atomic.AddInt64(&c.getCounter, 1)
 	go func() {
diff --git a/exporter/signalfxexporter/internal/correlation/correlation.go b/exporter/signalfxexporter/internal/correlation/correlation.go
index ee00b0a470d0..281339e1df6c 100644
--- a/exporter/signalfxexporter/internal/correlation/correlation.go
+++ b/exporter/signalfxexporter/internal/correlation/correlation.go
@@ -137,6 +137,7 @@ func (cor *Tracker) Shutdown(_ context.Context) error {
 	if cor != nil {
 		if cor.correlation != nil {
 			cor.correlation.cancel()
+			cor.correlation.CorrelationClient.Shutdown()
 		}
 
 		if cor.pTicker != nil {
diff --git a/exporter/signalfxexporter/internal/correlation/correlation_test.go b/exporter/signalfxexporter/internal/correlation/correlation_test.go
index 27633dcb2d1b..a24fb75b8b74 100644
--- a/exporter/signalfxexporter/internal/correlation/correlation_test.go
+++ b/exporter/signalfxexporter/internal/correlation/correlation_test.go
@@ -86,6 +86,8 @@ func TestTrackerStart(t *testing.T) {
 			} else {
 				require.NoError(t, err)
 			}
+
+			assert.NoError(t, tracker.Shutdown(context.Background()))
 		})
 	}
 }
diff --git a/exporter/signalfxexporter/internal/correlation/package_test.go b/exporter/signalfxexporter/internal/correlation/package_test.go
new file mode 100644
index 000000000000..80d3ec2c9232
--- /dev/null
+++ b/exporter/signalfxexporter/internal/correlation/package_test.go
@@ -0,0 +1,14 @@
+// Copyright The OpenTelemetry Authors
+// SPDX-License-Identifier: Apache-2.0
+
+package correlation
+
+import (
+	"testing"
+
+	"go.uber.org/goleak"
+)
+
+func TestMain(m *testing.M) {
+	goleak.VerifyTestMain(m)
+}