Ethiopia earned 658.1 million dollars from coffee, spices, and tea exports in the first seven months of its fiscal year 2021/2022, jumping 52.4 percent over the same time a year before, according to Ethiopian News Agency (ENA). According to Ethiopian Coffee and Tea Authority authorities, coffee exports accounted for the largest percentage of earnings, totaling 162,818.04 tons, and generating $645.10 million.
According to the report, increases in coffee prices, productivity, and an improved control system are among the primary causes behind the export successes. Ethiopia’s most important export product, and the country’s economic backbone, is coffee. Germany, Saudi Arabia, Japan, Belgium, and the United States were Ethiopia’s historic top five coffee export destinations. Nonetheless, in recent years, the East African country has been attempting to tap into China’s burgeoning coffee industry.
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