Report on $1.75b from Foreign Trade

Feb 4 , 2023

Agricultural exports accounted for 77.23pc of total exports while shipped manufacturing commodities brought in 176.7 million dollars, making revenues from foreign trade attain 1.75 billion dollars in the first half of the fiscal year. This represents close to half of what the country received in export proceedings last year, signaling that this year's earnings from exports may not be much different. Officials of the Ministry of Trade & Regional Integration (MoTRI) told Parliament that they had met 76.7pc of their second-quarter target last year, and export revenues fell by about seven percent compared to the same period last year.



A painting depicts traditional farming equipment at the Science Museum around the Arat Kilo area. Since the seizing of power by the current administration, large-scale architectural projects marked by grandeur have proliferated across the capital. The satellite city being built in the Yeka mountains, which is set to cost around 600 billion Br, according to the Prime Minister, is one such project yet to see the light of day. Some estimates put the plot size for the project at around 503hct despit...



A queue for diagnostics at the nation's largest state-owned hospital, Black Lion. As the health sector is largely funded by development partners from abroad, decreased support as donors shied away due to the war in the North has required the suspension of several new projects. Social health Insurance slated for next year was scraped due to a budgetary shortfall of five billion Birr. With the physician-to-patient ratio titering at around 1:30,000, queues in public hospitals are commonplace in Eth...



A street vendor puts up pepper for sale around the Lideta area. With agricultural produce accounting for the largest share of the nation's GDP at around 40pc, setbacks in the delivery of fertilizer have become a source of strife in rural Ethiopia. Only a third of the scheduled fertilizer of 1.3 million quintals has been distributed into the hands of farmers this year. This is despite the year being one in which the government claims to have met local demand for wheat and started exporting. Low p...