Exports Fetch Quarter Billion in September

Nov 2 , 2019

Ethiopia generated 255.6 million dollars from exports in September, fulfilling almost four-fifths of the government's estimate. Compared to the same period in the last fiscal year, an increase of around 25 million dollars was registered. Export of pulses, wax, floriculture, tea and sales of electric power exceeded the planned revenue, while grains, cereals, khat, coffee, textiles and garments has met 75pc to 99pc of the plan. Forestry, oilseeds, milk and dairy products, wax, chemical and construction materials, livestock, leather and horticulture product exports met 50pc to 74pc of the target. Pharmaceuticals, tantalum, spices, other minerals, processed meat, gold, honey and electronics exports performed below half the targeted plan. Ethiopia's annual goods export revenue has been declining over the past few years, stagnating at under three billion dollars.