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

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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