Ethiopia has earned $1 billion from coffee exports over ten months, registering a new high. Oumer Hussein, Ethiopia's Minister of Agriculture, has congratulated "coffee families" on the achievement.
Ethiopia’s Coffee and Tea Authority (ECTA) revealed that the country generated a record-breaking USD 1.43 billion in revenue from coffee exports during the 2023/24 fiscal year. This milestone marks the highest revenue Ethiopia has ever earned from its coffee industry.
Ethiopia earned USD 1.1 billion from coffee exports in the first 11 months of this fiscal year. Despite exporting a comparatively lower volume of coffee, the amount earned is almost the same as last year, thanks to the emphasis on exporting high-quality coffee.
Ethiopia earned more than USD 1.5 billion from exports in the first three months of the current fiscal year, according to the Ministry of Trade and Regional Integration. Kassahun Gofe, Minister of Trade and Regional Integration, shared insights from a review of the export performance conducted with industry exporters.
Ethiopian Electric Power (EEP) reported that the country earned USD 118.1 million from electricity exports to neighboring countries during the 2024/25 Ethiopian fiscal year.
