Ethiopia has earned 1.226 billion U.S. dollars in revenue from coffee exports over the past eight months, the Ethiopian Coffee and Tea Authority (ECTA) said on Friday.
Following several reforms taken by the government and pertinent stakeholders to gain the most out of the sector, the East African country exported more than 257,000 tonnes of coffee during the first eight months of the current 2024/2025 Ethiopian fiscal year, the ECTA said in a statement.
The authority attributed the growing revenue to the government's reform, which resulted in increased coffee production, productivity, and quality, which in turn gave rise to higher export volumes.
Ethiopia is projected to generate 2 billion dollars from coffee exports in the 2024/2025 Ethiopian fiscal year by exporting more than 400,000 tonnes of coffee.
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Regarded as the birthplace of Arabica coffee, Ethiopia earned over 1.4 billion dollars from coffee exports in the previous fiscal year.
The ECTA said Saudi Arabia, Germany, and the United States have been the first three major export destinations of Ethiopian coffee during the period, while Belgium, South Korea, the United Arab Emirates, and China have taken from fourth to seventh positions.