Textile Products Exports Earn Ethiopia $ 8.2 Mln

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   

Exchange Rates

Selling
Buying
USD 36.2898  35.5782 
EUR 42.7239  41.8862 
GBP 45.1612  44.2757 
AED 8.9403  8.7650 
CAD 24.7176  24.2329 
CHF 37.9384  37.1945