Ethiopia's Ministry of Finance announced that it has collected $769.9 million from exports in the first quarter of the Ethiopian fiscal year, which started on July 7, 2020. The amount has shown an increase of $46.9 million compared to the same quarter last year.
The Ethiopian Ministry of Trade and Industry (MoTI) announced that the country has secured $16.41 million in the first month of the new fiscal year that started on July 8, 2021. The amount stands at 69 percent of the $23.88 million target set for the period.
Ethiopia's nine months exports have earned the country $2.09 billion, the Ethiopian Ministry of Trade and Industry announced. This year's revenue, compared to the nine-month period last year, has shown a ten percent increase.
The Ethiopian Coffee and Tea Authority secured over USD 11 million in export earnings from spices in the recently concluded Ethiopian Fiscal Year.
Ethiopia has secured more than 200 million USD from the export of horticultural crops in the last ten months (July 2011-April 2012).
Ethiopian Horticulture Development Agency (EHDA) Director General Haileselassie Tekie said that the country earned the hard currency from the export of 1.7 billion flower stems and 103.8 thousand tons of vegetables, fruits and herbs. More than 160 million USD was obtained from the export of flower while the balance was secured from the sale of vegetables, fruits and herbs to the global market.
The foreign currency the country generated from the sector in the stated period has increased by 20 per cent in revenue compared to last year same period.
