The Ministry of Trade and Regional Integration announced that it would work to solve problems in the export sector and collaborate with exporters to realize Ethiopia’s plan of securing USD 5.4 billion from exports in the 2022/2023 fiscal year. Ethiopia was able to earn USD 4.12 billion from export during the last fiscal year which ended on July 7.

The Ministry revealed its plan during a discussion with exporters of pulses and oilseeds. The country was able to get 136% of the income planned to be secured from the export of oilseeds during the first month of the 2022/2023 fiscal year.

Ethiopia targets agriculture, mining, and manufacturing exports to earn hard currency. The agricultural sector is expected to take lead in export earnings during the current fiscal year.

Source: Fana BC

Additional source: Capital Ethiopia