2merkato

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.

Ethiopia earned 196 Million US dollars from the export of agricultural products through the eastern part of the country in the first six months of the current Ethiopian fiscal year according to the Dire Dawa Branch of the Ministry of Trade.

The products primarily exported through this route include Khat, Coffee, fruits and vegetables, oil sees and live animals said Tesfaye Hadgo, Head of the MoT office.

Ethiopia earned more than 2.4 billion US dollars from the export sector in the last three quarters said the Ministry of Trade.

The revenue earned from foreign trade in the last nine months exceeds that of the same time last year by more than 352 million US dollars said Amakele Yemam, Head of the Corporate Communication Affairs office of the Ministry.

Increase has particularly been seen in the export of gold, horticulture, livestock, textiles and minerals he said.

The most significant destinations for Ethiopian exports have been Belgium, Britain, China, Djibouti, Egypt, France, Germany, Japan, India, Israel, Saudi Arabia, Somali, Sudan Switzerland and the US.

Ethiopia earned above 2.4 billion US dollars from export in the last ten months announced the Ministry of Trade.

The revenue was raised through the export of agricultural and manufactured products exported to 127 countries according to Amakele Yimam, Director of the Corporate Communication Directorate of the MoT.

The export products from Ethiopia include, coffee, oilseeds, pulses, spices, Khat, gold, flowers, live animals, natural gum, wax, incense, textiles, garments, leather and leather products said Amakele.

The Ministry of Trade said Friday that Ethiopia earned more than 2.4 billion dollars from the export sector over the last 11 months.

Amakele Yimam, director of public relations and communications directorate, said that the income was greater than that of the same period last fiscal year by 693.9 million dollars. However, he said that the amount fell short of the ministry's projection for the period which was 2.9 billion dollars.