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During a conference themed “Sustainable Textile Investment and Operation in Ethiopia”, Industry Minister Melaku Alebel stated that Ethiopia’s manufacturing sector earned USD 500 million in the 2021/2022 fiscal year. The textile sub-sector contributed USD 181.4 million to the total earning.

According to the Minister, Ethiopia plans to increase the export of products from the manufacturing sector to USD 538 million while increasing the contribution of the textile sector to USD 250 million.

Ministry of Trade disclosed Ethiopia earned more than USD 706 million in the past eight months form the export of oilseeds and pulses.

Ethiopia has earned USD 80 million from export of leather and leather products in the past eight months, according to the Ethiopian Leather Industry Development Institute. The Institutes Planning and Information  Director, Tesfaye Berhanu said on Tuesday, the revenue surpasses amount earned the previous year by USD 2.5 million.

Ministry of Trade (MoT) announced Ethiopia earned USD 81.81 Million from the export of live animals during the first six months of the current fiscal year.

Ethiopia has earned USD 89.75 million in revenue from leather export during the current Ethiopian Fiscal Year, according to Leather Industry Development Institute (LIDI).

LIDI Corporate Communication Director, Berhanu Serjebo, told WIC that about USD 74.65 million of the total from the total revenue was secured from finished leather products.