Export Misses Target Again

Ethiopia earned 2.83 billion dollars from exports during the last fiscal year, which only met 54.1pc of the government’s performance target.

The government had targeted 5.23 billion dollars to be generated from exports. The revenue also saw a decline of 71.43 million dollars, or 2.43pc, from last year.

Earnings from the export of agricultural commodities led the export trade by contributing 2.17 billion dollars, or 76.7pc, of total export earnings. It is followed by the manufacturing and mining sectors, which generated 458.65 million dollars and 122.6 million dollars, respectively.

The Ministry of Trade labeled contraband, shortages of supply, political unrest, lack of market study and delayed investment projects as the reasons for falling export income.

Published on Aug 11,2018 [ Vol 19 ,No 954]



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