Ethiopia Earned 2.15 Billion USD from Export in 10 Months


Ethiopia Earned 2.15 Billion USD from Export in 10 Months
Ethiopia Earned 2.15 Billion USD from Export in 10 Months

Ministry of Trade and Industry announced that Ethiopia earned export revenue of $2.15 billion in ten months of the current Ethiopian fiscal year

Though the government planned to collect $3.51 billion from agriculture, manufacturing and mining sectors in the period, it has only achieved $2.15 billion only about 61. 29% of its target, according to the Ministry

Compared to the previous year same period the income has declined by 8.38%. Ethiopian export income has been declining over the past several years from around $3.1 billion in 2010 to around $2.8 billion last year.

From the entire 10 months period, the leading export commodities are eucalyptus, tantalum, and Khat and leguminous crop showed the highest performance in export trade which amounts to 75% up to 99% of the total.

Whereas commodities like Oilseed crops, coffee, textile and apparel, flower, tea, fruits, and vegetables registers 50 up to 74 % of the export.

On the other hand, the following commodities showed the lowest performance; wax, dairy products, hide and skin, spices, fish, honey, food drink, and pharmaceuticals, live animal, chemical construction materials, gold, grain, and cereals.

 


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Solomon Yimer

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