Ethiopia’s Ministry of Trade and Regional Integration announced that the country has exceeded its quarterly export revenue target, generating over $1.5 billion in the first quarter of the 2024/2025 fiscal year, according to the Ethiopian News Agency.
This amount represents 132% of the initial revenue goal, highlighting significant growth in the country’s export performance.
The reported earnings reflect a substantial increase of over $700 million compared to the same period last year, which the ministry described as a “remarkable improvement” in export volume and value. Officials attributed this growth to enhanced cooperation with sector stakeholders and exporters across industries, a key factor in achieving the strong results.
The government’s target of 8.3% economic growth for the current fiscal year is driven by promising developments in agriculture, manufacturing, and mining, alongside other core sectors.