Import and Export

Ethiopian Flower Exporters Considering Russian Market

Ethiopian flower exporters are considering entering the Russian flower market directly. Exporters were not able to access the large Russian market because Ethiopian Airlines does not offer flights to Moscow according to sources.

Currently Ethiopian flowers are exported to the Netherlands with the Netherlanders exporting to Russia under their own tag.

Ethiopian Airlines, the Ministry of Transport, the Ministry of Foreign Affairs, and the Ethiopian Airlines are working to facilitate the processes to launch cargo flights to Moscow said Endashaw Yigezu, Head of Air Transport and Planning at a consultative meeting held by the Ethiopian Civil Aviation Authority.

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Ethiopia Generates $101 Million from Leather Exports

Ethiopia has earned more than 101 million US dollars from leather exports in just the last eleven months announced the Leather Industry Development Institute.

The revenue was earned from the export of leather products to Asia, African and European countries as well as the United States said Berhanu Serjebo, Director of the Corporate Communication Director with the LIDI.

The sum earned from the sector in the reporting period is close to the 104 million US dollars generated in the previous financial year.

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Ethiopian Exchange Trade Value reaches 21 Billion Birr

The trade value of the Ethiopian Commodity Exchange has reached 21 billion birr in the current financial year while its trading volume has increased to 601,000 tons announced the ECX.

The trading value of the Exchange increased by 21% while its trading value showed an increase of 23% noted the company press release.

The increase in trading volume included the 52% increase in the trade in white pea beans, which reached 64,000 metric tons and a 38% growth in sesame trade to 303,000 metric tons.

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Ethiopian Exports to the US need to Grow

Exports from Ethiopia to the United States are still much lower then would be expected in light of the African Growth and Opportunity Act enacted by the US in the year 2000 to help sub-Saharan Africa export more to the US.

Although Ethiopian exports to the United States have grown steadily to reach an estimated 144.5 million US dollars the growth is much less than that seen in other African countries.

Ethiopia hopes to emulate the experiences of countries such as Mauritius and Lesotho to enhance its textiles trade to earn up to a billion US dollars in textile exports in the coming years.

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Ethiopia Earned $213 Million From Meat & Livestock Exports

Ethiopia earned 213 million US dollars from the export of meat and livestock in the last 10 months announced the Ministry of Agriculture.

The export of livestock represents 71% of the revenue earned from exports while meat exports made up the difference. The revenue earned is just 62.5% of the targeted 340.4 million US dollars for the period.

Export earnings from meat and livestock is lower than expected because of the poor market ties the country has with the international livestock market said Tefera Deribew, Minister of Agriculture.

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