Ethiopia earned over 8.2 million dollars from the export of garments and textile products this year, the Textile Industry Development Institute announced.
Compared with the income earned last year, this year’s earning has increased by 164.5 percent. The institute said in a press statement over the weekend that the amount of revenue the country earned in May this year exceeded that of the same period last year by 5.1 million dollars.
By May 2009, the country had earned 3.1 million dollars from the export of textile products for the 2008/09 fiscal year. Garments, textiles, yarn and fabric products earned about 59.8 percent, 19.8 percent, 19.3 percent and 1.4 percent respectively.
Those which earned the highest income in the textile and garment industry include Ayka Addis Textile & Investment, MAA Garment Factory, Kombolcha Textile and Adama Yarn Factory. Value-added apparel accounted for 49.3 percent among the exported items of the general textile products this year.
Source: Fortune, ENA