Ethiopia has earned US$2.8 billion from export of various commodities during the past 11 months, according to the Ministry of Trade (MoT).
Ministry Corporate Communication Directorate Directore, Amakele Yimam, told Walta Information Center that the country has exported 37, 358 tonnes of agricultural produces, manufacturing, minerals and other products during the stated period.Ethiopia has earned US$281 million from the manufacturing sector during the concluded fiscal year, the Ministry of Industry said.
Corporate Communication Director with the Ministry, Melaku Taye told Ethiopian News Agency over the weekend that the stated sum secured during the reported period is 52 percent of the US$542.4 million target set by the ministry.Ethiopia has earned US$419 million from export of minerals supplied by artisanal miners in the 11 months of the current Ethiopian Fiscal Year, according to the Ministry of Mines.
The earning is 30 percent short of the Ministry’s revised projection for the period.
Ethiopia earned US$44 million from the export of leather and leather products in the first quarter of the current fiscal year, the Ethiopian Leather Industry Development Institute said.
Institute Corporate Communication Directorate Director, Berhanu Sirjabo, told Walta Information Center, the amount was earned from the export of finished leather, footwear, leather gloves and other leather products.
n in the just ended Ethiopian Fiscal Year, short of US$255 of the target set by the Ministry of Mines for the budget year. The revenue has also decreased by US$61 million compared to earnings of same period last Ethiopian Fiscal Year.
The decrease is said to be as a result of price fall of gold in the global market, which causes companies in Ethiopia to reduce their gold export, according to Sinkinesh Ijigu, Minister of Mines.
