Ethiopia Earned US$123.44M from Export of Leather Products

Ethiopia has earned US$123.44 million from export of leather products in the concluded Ethiopian Fiscal Year, according to the Ethiopian Leather Industry Development Institute.

Wondu Legesse, Director General of the institute, told Walta Information Center today that the export earnings came from finished leather products such as, footwear, gloves and other products. The revenue earned in the reported period surpassed the amount collected in the the past fiscal year by US$12.6 million. The revenue growth is mainly attributed to the export of only finished leather products and support given for tanneries and footwear manufacturers.

Ethiopia is projecting to earn  US$300 million from the sector this fiscal year.

Source: Walta