The Ethiopian government on Monday announced that it generated around 1 billion U.S. dollars from the export of agricultural products during the first half of the current Ethiopian 2022/23 fiscal year that started on July 8.
The export revenue of the East African country mostly comes from coffee, tea, spices, horticultural products, as well as meat and dairy products, state-affiliated Fana Broadcasting Corporate (FBC) quoted officials at the Ethiopian Ministry of Agriculture as saying Monday.
The export of coffee, tea and spices contributed the largest earnings, accounting for 664 million U.S. dollars in revenue, and flower and other horticultural products generated 356 million U.S. dollars while the export of meat and dairy products generated around 52 million U.S. dollars, the ministry said.
The ministry said the overall revenue registered 88 percent of the pre-set target from the sector.
Coffee, in particular, is Ethiopia’s major export commodity. Ethiopia, which is known as the origin of arabica coffee, is recognized worldwide for its rich coffee quality, variety of flavors and aroma, making the demand for the commodity increase globally.
During the previous Ethiopian 2021/22 fiscal year, the East African country earned a record 1.4 billion U.S. dollars in revenue from the exports of 300,000 metric tons of coffee.
