2merkato

Ethiopia's Ministry of Mines and Petroleum announced that it has secured $681 million from the export of mines in the recently concluded Ethiopian budget year.

Ethiopia earned 71 million US dollars from textile exports in the last ten months. The revenue earned is more than 50% higher than the amount earned at the same time last year although the revenue is 136.3 million US dollars less than expected.

Export of value added finished products has increased with garments sales increasing to 75.1%, woven crafts 5.2%, Textile fabrics 10.7% and yarn 9%.  

The revenue did not meet targets because of delays in textile projects expected to become operational this financial year said Fekadu Ethiopia, Communications Expert with the Textile Industry Development Institute.

Ethiopia earned 71.1 million US dollars from the export of leather and leather products in the past seven months of the Ethiopian budget year according to the Ethiopian Leather Industries Association.

The revenue was earned from the export of finished and semi-processed leather products noted Abdisa Adugna, Secretary General of the ELIA.

The money earned from the export of leather is 25 million US dollars more than the 46 million US dollars in revenue earned in the same period last year said Abdisa.

Ethiopia has earned $72 million from the export of meat and dairy products in the Ethiopian fiscal year that ended on July 7, Director-General of the Ethiopian Meat and Dairy Industry Development Institute announced. This, he pointed out, has been achieved "despite the hurdles" the industry faced during the period. 

Ethiopia obtained 753 Million US dollars in revenue from exports in the first quarter of the current fiscal year. This is a 33% increase on revenue from last year.

The revenue was raised from the export of 275,611 tonnes of produce sent to an estimated 94 countries. A significant percentage of the export revenue, 84 million US dollars, was earned from German exports.