Year Kicks Off with $339m in Exports

Aug 28 , 2021

Exports continue to grow, with the last month seeing a 23pc increase in comparison to the figure from last year. Close to 340 million dollars worth of goods have been exported over the first month of the fiscal year, helping authorities to achieve over 110pc of the target for the reporting period. A quarter of a billion in export proceeds have been secured from agricultural items, including coffee, sesame and oilseeds. Industrial products and minerals brought in around 38 million dollars each. Last year, over 3.6 billion dollars was secured from the exports of goods. This is a significant improvement from the performance registered over the last decade, when export proceeds averaged nearly three billion dollars, making it the lowest source of forex for the country compared to remittance, foreign direct investment and external loans.