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Nation earns more from industrial product export
Ethiopia’s earning from the export of industrial products has shown a significant surge over the past three years, according to the Ministry of Trade (MoT). Ministry Corporate Communication Director Melaku Taye said that the revenue obtained in the Ethiopian fiscal year 2010/11 increased by 75.4 percent compared to that of the previous year. The revenue earned from export trade in 2009/10 was USD 118.4 million, he said. However, the income jumped to USD 207.92 million in 2010/11 fiscal year he added. Melaku further indicated that the nation earned USD 255.45 million from the sector during the last fiscal year, showing an increase of over 22.8 percent compared to 2010/11 fiscal year. The revenue was collected from the export of textiles, garments, leather and leather products, agro-processing, pharmaceutical and chemical products, he said.
(The Ethiopian Herald)