The Ministry of Trade and Regional Integration announced that Ethiopia was able to gain USD 1.75 billion from exports during the first half of the 2022/2023 fiscal year.
The export of agricultural commodities brought in 77.23% of the total earnings while the export of manufactured goods, dairy and meat products, electric power, and mining products took a 10%, 2.9%, 2.9%, and 6.62% share in the total revenue, respectively.
According to the Ministry, the country achieved 76% of its export target for the six months’ period. It raised low demand in the international market and illegal sale of agricultural products to neighboring countries as factors for the failure to meet the targeted export amount.
Source: Ethiopian News Agency