Home / Knowledge / News / Textiles / Ethiopian textile & garment exports earn $84mn in 9 months
Ethiopian textile & garment exports earn $84mn in 9 months
22
Apr '14
Ethiopia exported US$ 84 million worth of textiles and apparel during the first nine months of the ongoing fiscal year 2013-14 that began on July 8, 2013, according to the Textile Industry Development Institute (TIDI).
 
The exports were $9.8 million higher than the amount earned during the corresponding period of the previous fiscal year, Ethiopian News Agency reported quoting TIDI communications director Bantihune Gesesse.
 
Germany, Turkey, Italy, Sudan, China and the US were the main destinations for Ethiopian textiles and clothing items during the nine-month period.
 
Although the value of textile and garment exports is higher when compared to the previous fiscal year, it is short of the yearly target.
 
Under the Growth and Transformation Plan (GTP), the Ethiopian Government has targeted to achieve $1 billion in exports of textiles and apparel during 2010-11 to 2014-15 period.
 
However, the performance of the Ethiopian textile and apparel exports during the first three years of GTP period was only $305 million, much below the $637 million envisaged during the period under the GTP.
 
In 2012-13, Ethiopian textile and clothing exports fetched US$ 99 million, which was much lower than the Government target of US$ 357 million for the financial year.
 
During the nine-month period of 2013-14, only 16 companies together accounted for more than 80 percent share in export of textiles and apparel, according to TIDI.
 
There are over 100 companies operating in the Ethiopian textile and clothing sector.
 
TIDI has set a target of $250 million for textile and apparel exports during the current financial year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search