Ethiopian exports have dropped by 7% in the first quarter of the fiscal year according to the Ministry Trade. The total revenue earned from exports in the first quarter of the financial year was just 699.1 million US dollars.
The revenue from exports decreased due to lower demand for coffee and oil seeds on the international market according to the ministry.
Coffee exports to the international market raised a revenue of 199.3 million US dollars in the first quarter which ended in Oct. 10. The revenue earned from coffee was lower than the 201.9 million US dollars earned by the nation over the same period a year earlier said the MoT.Add a comment Add a comment