Ethiopia collected USD 250 million over the past seven months by exporting oilseeds and grains. Sesame, Niger, and Castor bean were the most exported oilseeds while soybean claimed the lion’s share in the export of grains.
Add a comment Add a commentEthiopia, Burundi, and Niger will become beneficiaries of China’s zero-tariff treatment starting from March 1, 2023. The treatment targets 98% of taxable items which are exported from the three countries to China.
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Ethiopia earned a revenue of USD 57.73 million in the past seven months from exporting 10,434 tons of meat and meat by-products. The country was also able to gain close to USD 1.5 million from honey, wax, and camel milk during the same period. Goat meat was the most exported type of meat which registered USD 50.2 million from the total revenue gained from meat export.
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Ethiopia is prepared to ink agreements which total USD 200 million to supply wheat to non-governmental organizations including the World Food Program. Agreements to sell 3 million quintals of wheat have already been signed with six countries including Kenya and Sudan.
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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.
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