2merkato

The Ethiopian Ministry of Trade and Industry said Ethiopia has earned $1.2 billion in the Ethiopian fiscal year that ended on July 7, 2019.

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.