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Ethiopia earns $678m from export sector in three months

Ethiopia has earned $678 million from export sector during the first quarter which ended on October 7, 2017, reports said on Wednesday.

The sum has seen more than 30 percent lower than the target $977.2 million Wondimu Filate, head of public relations and communication affair office at the Ministry of Trade of Ethiopia told journalists on Wednesday.

“The sector attained only 69.42 percent of its target. However, the revenue exceeded by 3 percent compared to the same period the preceding fiscal year.” He said

He said the revenue from oil seeds, tea and electric power surpassed its target.

But, the quarter revenue from dairy products, leather and leather products, live animals, minerals, electronics materials is below 50 percent of the target, he continued

According to Wondimu, coffee generated $215 million dollars, oil seeds $73.87 million, live animals $30.06 million, textile and garments $30.45 million, leather and leather products $33.24 million.

The east African nation plans to secure a total of $4.63 billion from export this fiscal year.

 

 

(c) 2017 Agence de Presse Africaine (APAnews). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

 

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