A revenue of USD Eighty Two million was generated from coffee and tea exports in August achieving 87% of the goal. In August, Ethiopia exported 24,891 tons of coffee, tea and spices of which coffee accounts for the 23,694 tons export. Coffee export, which produced USD 80.61 million, also took the revenue’s majority share.

The income generated from the export of the three agricultural products in July was 15.3% and 1.58% higher in volume and value, respectively.

In the 2017/18 fiscal year, USD 2.8 billion was generated from exports, meeting only 54.1% of the government’s performance target. The International Monetary Fund said the country’s export performance could not fully cover its two-month import bill.

Source: Addis Fortune