Ministry of Trade disclosed Ethiopia generated 2.86 billion USD from the export sector in the just concluded fiscal year.

However, the performance shows a 4.6 percent decrease when compared to 2014/2015 fiscal year. This is despite the increase in export products, Assefa Mulugeta, Export Promotion Director General at the Ministry, explained.

The Director General attributed the performance decline to the fall in price of products Ethiopia export such as oil seeds. Other reasons he stated were contraband trade of different products as gold, live animals and other products.

Nonetheless, the government is undertaking widespread works to compensate the decrease in this budget year.

Source: Fana Broadcasting Corporate