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Ethiopia: Country Made Over $ 850 Mln From Export Trade - Minister
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The Daily Monitor (Addis Ababa)
2 April 2008
Posted to the web 2 April 2008
Biruk Girma
Addis Ababa
Ethiopia earned a sum of 854.5 million US dollars from Export trade in the past eight months registering a 32% jump compare with that obtained during the same period last year, Minister of Trade and Industry Girma Biru said on Tuesday.
The gain exceeded a 20 -25% annual sure projected under the five-year plan, the minister Girma said in his eight-month report to the Parliament.
He said Coffee took the lions share for the total amount made with a 251.1 million dollars export trade which included oil products, grain and spices.
Ethiopia exported some 85442 tones of coffee to the international market fetching 29.4% of the total export trade income, Girma said.
According to the minister, oil products, grain and spices scored a 217.8 million dollar income for the country next to coffee, and accounting to 25.5% of the total income generated during the reported period.
Other produces including leather and leather products, beef and livestock, flower, Khat, textile and garment and horticulture products also contributed for the overall income through the stated period of time, Girma said.
The minister said it was notable that the country reached to a level where it has 30 types of export items as opposed to a decade or so ago when the country's export was limited to only coffee and a few agriculture products.
The minister said the number of destinations to which Ethiopia's export items go also saw a marked increase as the volume3 of trade grew.
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"The number of countries who bought Ethiopian products has risen to 120 exceeding the number before ten years which was only 57," Girma said.
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