Ethiopia's Export Earnings in First Quarter of EFY
Ethiopia has secured over $2.48 billion from exports during the first quarter of the current Ethiopian Fiscal Year, according to Trade and Regional Integration Minister Kassahun Gofe.
The minister announced this at a forum reviewing the first quarter performance of the EFY, stating that key sectors have shown tangible results during this period.
- Ethiopia's export earnings have increased by 65% compared to the same period last year.
- The first quarter performance is 117%, indicating the country is on track to achieve its target of $9.4 billion for the year.
The minister noted that the first quarter has been productive, with the country moving closer to joining the WTO and exporting to neighboring countries under the AfCFTA.
Ethiopia achieved record-breaking export revenue of $8 billion last year.
Author's summary: Ethiopia earns $2.48 billion from exports in the first quarter of EFY.