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Ethiopia earns $2.1 bln from export in 9 months

Ethiopia has secured 2.1 billion US dollars from exports of various products in nine months. The plan was to earn 3.66 billion US dollars.

The revenue earned at the first three quarters of this Ethiopian fiscal year has shown a deficient of 1.58 billion US dollars, Wondimu Flate public relations head at the Ministry said to the media today.

Contraband trade among others mentioned as the major factor to the low performance of the sector over the nine months, which stands at 56.9 percent.

He said that oilseeds, tea, chat, and electricity have shown a better performance – over 75 percent of the plan set for each commodity in terms of revenue earning.

On the contrary, chemical and construction inputs, veterinary medicine, textile, spices, gold, live animal, shoe and honey products among others performed below 50 percent.

China, Somalia, USA, Saudi Arabia and the Netherlands have been the leading destination countries for Ethiopia’s export products during the reported period.

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