2merkato

Ethiopia earned 123.8 million US dollars in revenue from the export of manufactured goods in the last five months according to the Ministry of Industry. The revenue earned by the manufacturing sector exhibited a 95.5% year on year increase according to Melaku Taye Public Relations Director to the ministry.

The revenue was acquired from the export of chemicals, agro processing, pharmaceuticals, leather products and textiles and garments said Melaku.

Ethiopia has earned 137.7 million US dollars from the export of manufactured goods in the last six months according to the Ethiopian Ministry of Industry.

The income was earned through the export of leather and leather products, agro processing, textile and garment, and chemical and pharmaceutical products according to Melaku Taye Corporate Communication Director, with the MoI. 

Ethiopia has earned 172.5 million US dollars in revenue from the manufacturing sector in the last 8 months according to the Ministry of Industry.

The revenue was generated from the garment, leather and leather products, textile, chemical and pharmaceutical and agro processing sub sectors said Melaku Taye, Corporate Communication Director for the Ministry.

The money earned was 54.2 million US dollars more than the same period last year although it is just 60% of the target set by the ministry said Melaku.

Gold supplied by traditional miners reaches 7,000kg

Ethiopia earned 175 million dollars from the export of 3.6 tonnes of gold (153 million dollars) and 187 tonnes of tantalum (22.5 million dollars) in the fiscal year to 7 July 2011.

All the gold was exported by MIDROC Gold, a subsidiary company of MIDROC Ethiopia, Gebregzabher Mekonnen, mining licensing and supervision core process owner with the Ministry of Mines, said.

Ethiopia’s revenue from textile exports over the last two months hit 18.5 million dollars, up from 11.6 million dollars in the same period the previous year.

Textile products that contributed to the increase of the revenue included yarn and thread, garments, clothes and weaving products which contributed 4.8 percent, 9.percent, 78 percent and 8.2 percent respectively.

Late in July, it was reported that Ethiopia had earned 62.2 million dollars from the export of textile in the fiscal year to 7 July 2011 achieving 73.1 percent of its projection. The amount is a 178 percent increase from the previous fiscal year’s earning which was 23.2 million dollars.