The Ministry of Trade and Regional Integration of Ethiopia says the country for the first time earned more than $6.7 billion in foreign trade revenue in eight months.
The Ministry of Trade and Regional Integration announced that it was able to earn $6.76 billion in export revenue in the last eight months of the 2018 fiscal year, against the target of $5.83 billion.
According to the report submitted to the House of People’s Representatives by the Minister of Trade and Regional Integration, Honorable Kassahun Gofe (PhD), this year’s performance is $2.4 billion or 50 percent higher than the same period of the previous fiscal year.
According to the Minister, the sectors that showed the highest performance were mining (149.44%), electricity and others (112.35%), agriculture (90.53%) and manufacturing (87.68%). The Ministry also planned to earn $606.8 million from the export products directly monitored, and $527.9 million or 87 percent of the plan was achieved.
The main sources of this success are:
* The macroeconomic reforms adopted by the country have increased production and productivity,
* The work of expanding market access,
* The strict control over illegal stockpiles has increased the volume of exported products,
* The comparative price rate is revised periodically based on international market price fluctuations, the Minister explained.
Recently the Ministry of Mines of Ethiopia has reported that Ethiopia has generated $3.5 billion from minerals export in eight months. It is recalled that by June 20, 2025, Ethiopia had secured 7.21 billion USD in export revenue during the first 11 months of the 2024/2025 fiscal year.
Ethiopia earned $2.9 billion in foreign exchange from domestically produced and exported products in 2023 and $4.4 billion in 2024, according to the World Trade Center statistics. Ethiopia’s exports, often monitored for World Trade Organization (WTO) compliance, reached approximately $3.21 billion in 2024, with major products including coffee, cut flowers, oil seeds, legumes, and electricity. Main destinations include China, the USA, Saudi Arabia, Germany, and the Netherlands.
In 2024, the top exports of Ethiopia were Coffee ($1.46B), Cut Flowers ($285M), Other Oily Seeds ($271M), Dried Legumes ($183M), and Electricity ($85.4M). The top destinations were China ($409M), United States ($409M), Saudi Arabia ($376M), Germany ($250M), and Netherlands ($214M).
