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Export Earnings Surpass $3.6b

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Ethiopia earned a record-high 3.62 billion {dollars} from the exports of products final 12 months, in keeping with officers on the Ministry of Commerce & Trade. The determine is over half a billion {dollars} higher than what was registered in 2019/20.

The rise is attributed largely to the surge in income from the export of espresso and gold, the nation’s two high export gadgets. Over 900 million {dollars} was garnered from the export of espresso final 12 months regardless of the quantity being 42,000tn decrease than what was despatched overseas the 12 months earlier than.

Gold export generated over 600 million {dollars} whereas horticulture introduced in an identical quantity. Khat trails shut behind, incomes the nation an estimated 400 million {dollars}.

Agricultural gadgets nonetheless have the lion’s share of export merchandise, accounting for two-thirds of the quantity generated.

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