Ethiopia earns over $2b from export in 9 months

Addis Ababa, May 18, 2020 (FBC) –Ethiopia’s earnings from export in the past nine months increased by 10% to more than $2 billion, said the Ministry of Trade and Industry.

Even if the target was $2.68 billion, export earned the country a total of $2.09 billion, a10% rise compared to the same period last year, it said in a statement today.

Despite the coronavirus (COVID-19) pandemic, flower, vegetables and fruits as well as Khat export performances surpassed the target, said Wondimu Filate, director of communication at the ministry.

Natural gums, coffee, electronics, textiles and apparel export registered over 75% performances, while the achievement of tantalum, oilseeds, pulses, meat, species, and tea exports were from 50-74%.

On the other hand, the export performances of gold, leather and leather products as well as live animals were less than 50% of the target, the ministry indicated.