Home / Knowledge / News / Textiles / Ethiopian textile exports surge in 2011
Ethiopian textile exports surge in 2011
29
Dec '11
Ethiopia's earnings from textile exports are seen growing over past five months.

As indicated by the Ministry of Industry data, the country's earnings from textile exports grew at a massive 80.5 percent year-on-year during the period.

As earlier announced by the Ethiopian Textile Industry Development Institute, the country garnered US$ 27.2 million in textile exports during first quarter of the current fiscal.

This is 87 percent more than the target fixed for the period, and also US$ 18.6 million higher than the revenues generated during last year's corresponding period, said Melaku Taye, Public Relations Director in the Ministry.

A major portion of these revenues came from exports of weaving items, yarn and garments, with leading brands like Elsie Addis Textile Factories, Aika Addis Textile and Investment Group and Kombolcha Textile Share Company mainly contributing to the same.

Further, as the country made US$ 123.8 million from export of manufactured items during last five months, up 95.5 percent from a year ago, 38.8 percent of this came from textile exports, Mr Melaku said.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search