2merkato

Ethiopia earned one billion US dollars from the export sector in just the last five months according to an announcement by the Ministry of Trade.

The revenue earned over this period has exceeded the revenue raised over the same period in the last fiscal year by 108.6 million US dollars said Amakele Yimam, Head of Publications and Communications with the ministry

A significant portion of the revenue raised came from the export of gold and coffee according to Amakele. Cereals, oilseeds, flowers and live animals were also significant contributors to the increased export revenue he added.

Ethiopia earned an estimated 1.1 billion US dollars from the export of various items over the past five months announced the Ethiopian Ministry of Trade.The revenue earned from exports, in Ethiopia, is 227.5 million US dollars higher than the same period last financial year said Amakele Yemam Public Relations Director for the Ministry of Trade.

During this period, Ethiopia, exported no less than 35 types of agricultural produce and industrial products to about 120 countries across the globe according to Amakele.

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.