2merkato

Hawassa Industrial Park (HIP) generated USD 54 million in textile and garment exports to the global market during the previous fiscal year. This is despite facing challenges, such as the loss of duty-free access to the US market.

In the 2022/23 fiscal year, Ethiopia's export trade generated more than USD 3.64 billion, 69.8% of the desired amount.

Ethiopian coffee exporters are benefiting from the growing demand for their product in China, as more Chinese consumers develop a taste for Ethiopian coffee. Over the past decade, China's yearly coffee consumption has increased by an impressive average of over 15%, in contrast to the global coffee consumption growth rate of just 2.2%.

The Livestock Development Institute (LDI) has reported that animal product exports have yielded approximately USD 86 million in revenue over the past eleven months.