Ethiopia has generated $10.7 billion in export revenue for the current fiscal year, surpassing its annual target by 14 percent, according to the Ministry of Trade and Regional Integration.
The figure represents a historic high for the East African economy, signaling a robust recovery in external trade flows despite ongoing macroeconomic headwinds.
The export surge is largely driven by the coffee sector, which alone exceeded its $3 billion revenue target earlier in the fiscal year.
The export surge is largely driven by the coffee sector, which alone exceeded its $3 billion revenue target earlier in the fiscal year.
As the world’s second-largest coffee producer, Ethiopia has capitalized on favorable global prices and improved logistics to maximize foreign currency inflows.
Agriculture Minister Addisu Arega previously highlighted the milestone as a critical step toward stabilizing the nation’s balance of payments.
These trade results arrive at a pivotal moment for Ethiopia’s sovereign debt strategy.