Ethiopian Business Review

Top Ten Ethiopia’s Export Commodities in terms of value (July 2013-April 2014)

Oil seeds have become the biggest export revenue earner for Ethiopia in the first ten months of the 2013/14 fiscal year, overtaking coffee, the country’s number one export item for decades. The country exported a little more than 261,000 tonnes of oilseeds in the period, a rise of 10.1Pct compared to the same period of last fiscal year. The revenue obtained also showed 52.31Pct increment compared to the same period last year.

In contrast, coffee exports, which account for roughly 3Pct of the global coffee market, declined by 8.79Pct and 15.8Pct in volumes and values, respectively, compared to the same period of last year. The government cited international market price fluctuation and delay in business deals for the failure of earning the planned USD822.08 million from coffee during the period. The failure to diversify export commodities by including more manufactured goods has been cited by experts as the main factor for the low export performance.

Overall, Ethiopia earned USD2.6 billion during the last ten months, registering a growth of 4.8Pct from last year; the figure is however a little more than half of the planned USD5 billion for the entire fiscal year. This makes exports of goods in Ethiopia only about 2.7Pct of the real Growth Domestic Product (GDP). Compared to an average of 30Pct of GDP in Sub-Saharan Africa, Ethiopia’s  export levels still fall short of what is registered by other African countries with much smaller populations, such as Uganda and Tanzania, which earn more than USD4 billion annually from export.

RankCommodityVolume (Tonnes)Value (USD)
1 Oil seeds 261,375.27 555,396.04
2 Coffee 136,000.13 489,275.36
3 Gold 10.15 369,314.32
4 Khat 43,624.68 249,658.02
5 Cereals 294,334.25 207,113.03
6 Live animal 515,140* 164,193.87
7 Flower 1,50 5** 164,698.07
8 Textile and garments 16,689.94 92,023.01
9 Finished leather 2,993.88 81,531.27
10 Meat 11,913.72 59,312.38
  Sub Total - 2,432,515.37
  Others - 178,126.08
  Total - 2,610,641.45

2nd Year . August 2014 . No.17


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