Ethiopia’s yearly coffee export earnings increased by 20%

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Ethiopia earned 866 million USD exporting 221,000 tons of coffee during the last fiscal year .

According to Ethiopian Coffee & Tea Development and Marketing Authority, it has accomplished 92 per cent of its goal in terms of coffee exports increase. “It is a very great achievement compared to nation’s previous years’ coffee export performance.”

Comparing to the coffee export volumes of 2015-2016, coffee exports grew by 11.5 percent during the fiscal year 2016-2017. In addition, the foreign earning from coffee increased by 20 percent due to the global coffee price hikes.

In a recent exclusive interview with The Ethiopian Herald, Market Development and Promotion Directorate Director Dassa Daniso said: “86 percent of the total coffee exportations were exported to Germany, Saudi Arabia, Japan, USA, Belgium, Sudan and South Korea”.

According to him, Germany alone had imported 18 per cent of the Ethiopian exported coffee during the period.

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