Ethiopia obtains $678 mln from export in first quarter

Export

Ethiopia’s export sector missed its target in the first quarter by generating 678 million US dollars from the projected revenue target of 977.2 million US dollars.

According to the Ministry of Trade, 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.

Wondimu Filate, head of public relations and communication affair office at the Ministry of Trade, 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 said.

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

The country has a plan to secure a total of 4.63 billion US dollars from export this fiscal year.

[www.fanabc.com]