Ethiopia generates 2.52 bln USD revenue from export trade in past 8 months-Xinhua

Ethiopia generates 2.52 bln USD revenue from export trade in past 8 months

Source: Xinhua| 2022-04-05 20:19:45|Editor: huaxia

ADDIS ABABA, April 5 (Xinhua) -- Ethiopia generated 2.52 billion U.S. dollars revenue from the export sector over the past eight months, the country's Ministry of Trade and Regional Integration has said.

The East African country that had an initial target to generate 2.77 billion U.S. dollars from the export sector during the reported period was able to generate 2.52 billion U.S. dollars in export revenue, accounting for about 91 percent of the initial plan, state-run Ethiopian News Agency (ENA) quoted Gebremeskel Chala, Ethiopia's Minister of Trade and Regional Integration, as saying on Tuesday.

Out of the reported 2.52 billion U.S. dollars export revenue, the agriculture sector represented the lion's share of the revenue with 1.75 billion U.S. dollars, while the mining sector contributed 389 million U.S. dollars, and the industry sector 320.9 million U.S. dollars. The remaining economic sectors contributed to the rest of export earning, it was noted.

Chala made the remarks while presenting the ministry's eight-month performance report to the Ethiopian House of Peoples' Representatives.

According to the ministry, the revenue marked a major increase as compared to the same period last year, which stood at 2.1 billion U.S. dollars.