Ethiopia generated 723 million dollars in exports in the first quarter of this fiscal year. The amount is 15pc higher compared to the same period in the previous fiscal year and satisfies 90pc of the government’s target for the quarter. Goods were exported from Ethiopia to 128 different countries in the world. The Netherlands was the biggest export destination for the country, buying 82 million dollars worth of goods from Ethiopia. The European country was followed by Somalia, the United States, and Saudi Arabia as the top export destinations. Almost a quarter of a billion dollars was made from Ethiopia’s top export commodity, coffee. Germany, buying 46.8 million dollars worth of coffee, was the top export destination for the commodity. Ethiopia’s export performance has been declining for the past three years, having stagnated under three billion dollars despite a currency devaluation and the operationalization of export-focused industrial parks.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
