Export of Leather Products Fetches US$111.1 Million

Ethiopia has earned  US$111.1 million from the export of leather products over the past eleven months of the current Ethiopian Fiscal year, according to the Leather and Industry Development Institute (LIDI).

Of the total revenue, nearly 92 million USD was obtained from export of finished leather products, Birhanu Serjebo, corporate communication director with the Institute indicated.

The earning has grown by US$11.9 million  Compared to the same period last year, Birhanu said.

The Ethiopian government has put a ban on export of raw hides and skins last year to promote export of preprocessed leather products only by building technological capabilities of leather factories in Ethiopia.

Earning from export of finished leather stands at US$91.8 million, while export of leather shoes has fetched the nation nearly US$16.7 million, Birhanu said.

LIDI's earning projection for the current Fiscal Year is US$226.9.

Source: Walta

 

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