Three-month export generates close to 700 mln US dollars

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Addis Ababa, November 20 (WIC) –Ethiopia earned close to 700 million US dollars from various products exported in the first quarter of this Ethiopian budget year, according to the Ministry of Trade (MoT).

Ministry Deputy Public Relations Head, Abdurahman Seid, told WIC that the earned  699 million 78 thousand USD revenue was from Agricultural and Industrial products exported abroad.

He said the nation managed to attain 66 percent of its target in the first quarter mainly due to coffee price fluctuation and overcrowding at port.

According to Abdurahman, the revenue was generated from the export of coffee, oilseeds, pulses, spices, live animal, meat, cotton, flower, vegetable and fruit, leather and leather products, garments, among others.

Ethiopia earned over 752 million USD in the first quarter of last budget year, it was learnt.

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