Export Revenue Keeps Sliding

Jun 22 , 2019


Ethiopia earned a total of 3.6 billion dollars from exports in the first 11 months of the current fiscal year. The figure is below 40pc of the targeted performance of 3.9 billion Br. Compared to the same period last year, the value is a 196.9 million dollar, or 7.61pc, decline. The export of khat and eucalyptus trees scored higher than expected, while the export of tantalum, cereals and oil seeds went as planned, according to the Ministry of Trade & Industry. Spices, livestock, food and pharmaceuticals, minerals, natural glue, frankincense and leather products all underperformed by more than 50pc during the period. The lack of compatibility of domestic prices with international prices in agricultural products, contraband in mining and lack coordination in the manufacturing sector were stated as the reasons for the decline.


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