Ethiopian Coffee and Tea Authority announced that Ethiopia was able to collect USD 526 million from coffee export during the first four months of the 2022/2023 fiscal year. The revenue surpasses last year’s gain from coffee during the same period by USD 126 million. According to the Authority, Germany is the largest importer of Ethiopian coffee followed by the United States and Saudi Arabia.

Ethiopia exported 300,000 tons of coffee to the international market and obtained a record USD 1.4 billion during the 2021/2022 fiscal year. It aims to increase coffee export to USD 4.6 billion within 15 years and its global coffee market share to 1.26 million Metric Tons by 2033.

Source: Ethiopian News Agency