Ethiopia’s Ministry of Trade disclosed the country earned 2.31 Billion USD from the export of agricultural, manufacturing and mining products during the first 10 months of the current fiscal year. However according to Public Relations Head at the Ministry, Amakale Yimam, the performance is below the target, which is 3.34 billion USD.

The performance when compared to last year’s same period, there is a decrease by 122 million USD, a 5 percent decline.

According Amakale it is only the export of tea that surpassed its target. Khat, oilseeds, sesame, pulses, meat and coffee on the other have managed to meet from 75 to 99 percent of their target.

Export of chemical and construction inputs, cereals, mining and metal items had met only 50 percent of the target, the Public Relations’ Head explained.

He attributed the decline in total export revenue to the fluctuation of price for coffee, oil seeds and pulses in the international market.

Source: Walta Information Center