Ethiopia Textiles Export Revenues $27.2 Million USD

The Ethiopian Textile Industry Development Authority announced that in the first quarter of the current fiscal year, export revenue from textiles reached $27.2 million.

This figure is 87% higher than the target set in the first quarter of the current fiscal year and is $18.60 million higher than the same period last year.

Clothing, woven products and yarns produce a significant percentage of income. Aika Addis Textile and Investment Group, Elsie Addis Textile Factory and Kombolcha Textiles AG are the main revenue contributors.

In the first quarter of the current fiscal year, Ethiopia’s manufacturing sector’s revenue reached US$72 million, the Ministry of Industry said.

Ethiopia received $471.20 million in revenue from the leather, agro-processing, textile, chemical and pharmaceutical sectors, an increase of 104.4% year-on-year.

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