Ethiopia’s Export Earning on the Decline

Ethiopia’s Ministry of Trade disclosed during the first 5 months of the current fiscal year, the nation has earned more than 1 billion USD from export trade. Nevertheless, this was still short of the target set at the beginning of the year, which was 1.7 billion USD..

Among other commodities, the export earnings were generated from cereals, natural gum, chat, oil seeds, coffee, legumes and stalk grains and livestock. In addition to this, Ethiopia exported apparel and textiles, horticulture, electronics and leather products during the period.

However, the performance is 49 million USD less than the nation’s earning during the same period in 2015/2016 fiscal year.

In the span of 5 months, packed spices, eucalyptus trees and roasted coffee performed highly. Cereals, natural gum and incenses, chat, oil seeds, coffee, milk and milk products, legumes and stalk grains also did well on foreign market.

Moderate performance was seen witnessed from the export of meat, fish, textiles and apparel, flour, cut flowers, tea, fruits and vegetables, electronic products and leather products.

Source: Fana Broadcasting Corporate

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