Import and Export

Ethiopia Earns over 17.4 Million USD from Valentine’s Day Flower Export

Ethiopia has earned more than 17.4 million USD from Valentine’s Day flower export, Ethiopian Horticulture Development Agency (EHDA) said.

The revenue was secured from the export of 195.6 million flower stems to the international market in this year’s Valentine’s Day celebration.

Unlike same time last year, the flower export during this year’s Valentine’s Day exceeded in quantity as well as in terms of revenue.

Last year’s Valentine’s Day celebration, the country earned 17.1 million USD from the sale of 187.7 million flower stems. The amount secured has been increased by more than 300,000 USD this year. This is due to the increasing demand for Ethiopian flowers regardless of the harsh weather condition witnessed in most of Europe.

The Netherlands, Norway, Germany, UAE, Saudi Arabia, Japan, UK, Italy, France and Lebanon were the first top ten recipients of Ethiopian flowers in the reported period.

Ethiopia is still enjoying an increased demand for its flowers in Europe, Asia, Middle East, Far East and other parts of the world. Thus, the Ethiopian Horticulture Development Agency has carried out market promotion activities to widen market opportunities.

With the intention of penetrating the American vast flower market, EHDA and the Ethiopian Horticulture Association in collaboration with Metropolitan Washington Air Ports Authority have been taking part in the International Floral Trade Exhibition in New York and Washington DC.

With regards to private investment in the sector, more than 110 local and foreign companies have already been engaged in the development of flowers, fruits, vegetables and herbs, according to the Agency.

The nation has secured 134 million USD from the horticulture industry sector over the past seven months in the current Ethiopian fiscal year. Flower export takes the lion’s share out of the stated amount of money generated.

Source: This news article was prepared and sent to 2merkato.com by Mekonnen Hailu, Ethiopian Horticulture Development Agency (EHDA)'s senior communication expert.

Add a comment Add a comment

Ethiopia Earns $71.1 Million From Leather Exports

Ethiopia earned 71.1 million US dollars from the export of leather and leather products in the past seven months of the Ethiopian budget year according to the Ethiopian Leather Industries Association.

The revenue was earned from the export of finished and semi-processed leather products noted Abdisa Adugna, Secretary General of the ELIA.

The money earned from the export of leather is 25 million US dollars more than the 46 million US dollars in revenue earned in the same period last year said Abdisa.

Add a comment Add a comment

Preconditions for the Ethiopian Government Contract to Import Oil Revealed

The Merchandise Wholesale and Import Trade Enterprise of Ethiopia revealed the pre-conditions for the government contract to import oil in a letter sent to the Public Procurement and Disposal Agency.

The move is in anticipation of the expiry of the government contract with oil suppliers from Singapore, Indonesia and Malaysia in the coming May.

Add a comment Add a comment

Ethiopia Commodity Exchange Adjusts Coffee Prices

The Ethiopia Commodity Exchange has lifted the minimum price limit of coffee to allow prices to adjust to the declining coffee prices on the New York Reference market.

As of last week the price of Arabica Coffee has shown the sharpest decline since last October of 2010 on the New York commodity future exchange market.

The price for Arabica registered last week was a 16 month low dropping to 1.8620 a pound.

Add a comment Add a comment

BGI Ethiopia Exports Increase by 30%

Beer Export by BGI Ethiopia increased by 30% in the last fiscal year according to the company.

The 30% increase exceeded the 20% average annual growth registered by the company over the last years.

BGI exported 3,152 hectoliters of beer in the 2010-11 fiscal year, as compared to the 2,416 hectoliters it exported in the previous financial year. Exports by BGI in the last fiscal year earned an estimated 300,000 US dollars.

Add a comment Add a comment