Ethiopian Coffee and Tea Authority announced that Ethiopia gained USD 702 million in the past seven months by exporting 126,649 tons of coffee. The revenue is short of USD 165 from the initial target which aimed to collect USD 867 million from 181,323 tons of coffee export.

Ethiopia exported 300,000 tons of coffee to the international market and obtained a record USD 1.4 billion during the 2021/2022 fiscal year. It aims to increase coffee export to USD 4.6 billion within 15 years and its global coffee market share to 1.26 million Metric Tons by 2033. Germany, the United States, and Saudi Arabia are among the top importers of Ethiopian coffee.

Source: Addis Zemen and Ethiopian News Agency