Ethiopia’s 6-month exports hit $1.89 billion


Ethiopia secured more than $1.89 billion in exports during the first half of the Ethiopian fiscal year which started on July 8, 2021. The amount increased by $322.5 million, or 20 .5%, compared to the same period last year.

Denge Boru, minister of state for trade and regional integration, said officials were “satisfied” with the performance, given the internal and external challenges the country is currently facing.

Either way, the amount is 95% of the $1.98 billion target set for the period, or $90 million less.

Agriculture remains the main contributor to export earnings, accounting for 70 percent of total export earnings. Mining contributed 15%, followed by manufacturing at 12.5%. The export of electricity and other goods contributed the remaining 2.5% ($48 million).

Ethiopia6m2021-22Export

Officials pledged to intensify their efforts and expand their reach in the international market, in addition to increasing the variety of product types and volumes in the second half of the fiscal year.

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Source: Ethiopian Monitor

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