The Ministry of trade has announced that it has earned a total of 678 mln USD revenue from the export trade during the first quarter of this budget year .
Public Relations and Communication head with the ministry, Wendimu Filate told WMC that about 678 mln USD revenue is earned from the export of agricultural, manufacturing and mining products targeting to earn a total of 977 mln USD from export trade during the first quarter.
According to Wendimu, the revenue earned from export trade in the first quarter of the current budget year has exceeded by 19 mln USD compare to the same period of the previous year.
The revenue gained from the export of oil seeds, tea and electric power exceeded its target. However, the quarter revenue from the export of milk , dairy products , spices , pharmaceutical products , leather products , meat , live animals , chemicals and construction inputs registered below 50 percents of its target revenue , he reiterated.
Wendimu noted that Ethiopia has earned 215 mln USD revenue or 87.8 percents of its target from the export of 55, 825 tons of coffee during the first quarter this budget year.
The amount of oil seeds and the revenue earned from the export of oil seeds has increased during the first quarter of this budget year, he underscored.
Oil seeds generated 73.87 mln USD revenue or able to achieve 133 percents of its targeted revenue and 127 percents of the exported amount during the first quarter of this budget year, he stated.
According to Wendimu, the price hike of oilseeds at local and international market has contributed for the growth revenue from oil seeds export.
Ethiopia has exported different products to 120 destination countries across the world but 20 countries were purchased the larger share of the Ethiopian export products in the stated period.