Ethiopia obtained $103 million from export generated by industrial parks in the past nine months, the Ethiopian Investment Commission (EIC) announced. This shows an increment by 40 percent when compared to last year’s performance of the same period.
Ethiopia earned over 104.1 million dollars from the export of leather, 73 percent less than its target of 180.4 million dollars for the last fiscal year, the Ethiopian Leather Industry Development Institute (LIDI) said.
The exports revenue came from 43 leather and leather products factories which include 22 tanneries, 15 leather footwear firms, and six leather enterprises, which exported their products to the United States and countries in Africa, Asia and Europe.
Ethiopia has earned over 104 million dollars from the export of shoes, leather and leather products during the fiscal year to 7 July 2011, the Leather Industry Development Institute said.
The income exceeds that of the previous fiscal year by 50 million dollars. The items were exported to the United States Europe Asia and African countries, Birhanu Sirjabo, communication director of the institute, said.
The Ethiopian Coffee and Tea Authority disclosed that Ethiopia has collected a revenue of $107 million from March 10 to April 2021. The amount has been earned from exporting 27,000 tones of coffee. This, the Authority stated, is a record high earning from coffee for a month's period.
Ethiopia has earned more than 112.1 million US dollars from the export of leather and leather products during the just ended financial year said the Leather Industry Development Institute.
The revenue obtained in this reporting period is 7.8 million US dollars more than what was earned in the previous financial year explained the press statement from the institute.
An estimated 51.5 million US dollars of the total amount of revenue earned was acquired from the export of processed leather explained the statement.
