Ethiopian Informer
ADDIS ABABA: The Ethiopian Ministry of Trade and Regional Integration on Friday disclosed that the export of spices, gold and live animal have performed less than 60 percent of the initial target.
According to the ministry, the country’s revenue from the export of spices during the recently concluded Ethiopian fiscal year – 2021/ 2022 – was 56 percent while the export of live animal was said to be 54 percent and gold at 52 percent.
Meanwhile, Ethiopia generated over 4.12 billion USD in export revenue during the recently concluded fiscal year.
The ministry said that the country had an initial target of generating 4.63 billion USD from the export sector.
The reported 4.12 billion USD is said to have 13.81 percent increase as compared with the previous fiscal year, when the country generated 3.62 billions USD from the export sector.
The ministry said the agriculture sector contributed the lion’s share of the annual export earning, contributing 72 percent of the total export earnings.
The mining, industry and electric energy sectors contributed the remaining shares of the annual export revenue – at 14 percent, 12 percent and 2 percent, respectively.
