Rebounding coffee sales and diversification into other products fueled Ethiopian exports to a record USD2 billion in 2009-2010, up from USD1.5 billion in the previous period. The figure, however, is still lower than USD2.9 billion predicted by Minister of Trade, Girma Birru, in an interview with Reuters in November.
“Coffee has bounced back to [USD]528 million this year,” trade ministry spokesman Amakale Yimam told Reuters.
Amakale said Ethiopia’s export revenues for 2010-2011 could reach USD3 billion due to growth in new export commodities.
