The Ethiopian Industrial Parks Development Corporation (IPDC) is currently reviewing its performance for the first 9 months of the 2022/2023 fiscal year in Jimma City. During the forum the Corporation reported that it generated USD 121.9 million from foreign trade exports in the past 9 months – USD 34 million short of its plan to get USD 156 million in export revenue.
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Ethiopia gained USD 907.56 million in nine months by exporting more than 169 thousand tons of coffee, tea, and spices. Germany, Saudi Arabia, the United State, Kenya, the United Kingdom, China, and India were the major export destinations.
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Ethiopia's meat exports have brought in USD 74 million during the last nine months of the 2022/2023 fiscal year, as reported by the Livestock Development Institute (LDI). Ethiopia exported 16,000 tons of meat to the global market during this period.
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Ethiopian Enterprises Development (EED) announced that the development of Ethiopian enterprises resulted in the export of products worth over USD 26 million in the last nine months alone. EED also reported that it had successfully provided over USD six million worth of products manufactured by enterprises for export. The institution held a forum yesterday in Jigjiga to discuss the implementation of its plan for the fiscal year.
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Ethiopia provided 58.01% of Kenya’s January import of electricity. The drought in Kenya forced the country to import a record 68.48 kilowatt-hours of power due to reduced local hydro-power generation. Ethiopia was able to gain USD 39.73 million from the export.
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