Ethiopia’s Coffee Export Revenue Hits Record 1.4 bln USD Over Past Fiscal Year

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July 13, 2022 (ENA) Ethiopia has obtained a record-hit 1.4 billion USD from coffee export during the country’s 2021/22 fiscal year that was concluded on the 7th of July.

The
country has set an unprecedented record in terms of volume and revenue
since it started exporting coffee to the world market, according to
Ethiopian Coffee and Tea Authority.

Accordingly,
it has earned 1.4 billion USD by exporting 300,000 tons of coffee to
the international market during the just concluded Ethiopia fiscal year.

This
has an increment of more than 20.54 and 53.8 percent in volume and
revenue respectively compared to the same last fiscal year, it was
indicated.

Germany is the largest buyer of Ethiopian coffee, followed by United States and Saudi Arabia.

Facilitating
loans to coffee exporters and suppliers, as well as the efforts carried
out to modernize the logistics services are some of the measures taken
with a view to register the encouraging foreign trade performance.  

The
promotion activities undertaken at the various international trade
exhibitions including in the USA, European countries, and Dubai as well
as the opening up of new markets to Ethiopian coffee have also
contributed to the success registered in the stated period.

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