Analysis Of Ethiopia's Merchandise Export For Q2 2022/23

In the current quarter, total receipts from the export of goods have experienced a significant decline of 14.9 percent compared to the same quarter of the previous year. This decline can be attributed to lower export revenue from several key commodities, namely coffee, oilseeds, gold, chat, meat and meat products, leather and leather products, live animals, and electricity. Conversely, there have been positive developments in the export proceeds from pulses, including flowers, fruits and vegetables, textile and textile products, and other miscellaneous exports.

The major contributors to the export earnings encompass coffee, oilseeds, leather and leather products, pulses, meat and meat products, fruits and vegetables, textile and textile products, live animals, chat, gold, flowers, and electricity. Those take up 93.9% of the total export earning.

Coffee exports witnessed a decline of 6.67 percent compared to the same quarter 2021/2022. Despite a 29.1 percent increase in international prices, a slowdown in export volume by 27.7 percent contributed to this decrease. Nonetheless, coffee's share in total merchandise export earnings increased from 27.5 percent to 30.2 percent, indicating its relative significance.

Flower exports has declined by 35.14 percent from 2021/2022 this quarter this decline was driven by the significant drop in export volume of 48.15 percent despite the 25.08 percent surge in international prices. Consequently, the share of flower in total export earnings decreased from 9.08 percent to 6.92 percent compared to the previous year.

Fruit and vegetable exports experienced remarkable growth of 125.2 percent, amounting to USD 44.6 million. This increase was driven by a surge of 265.2 percent in international prices, compensating for a decline in export volume by 38.3 percent. Consequently, the share of fruits and vegetables in total merchandise export receipts rose from 2.2 percent to 5.7 percent.

Meat and meat product exports indicate a decrease of 5.4 percent. This decline can be attributed to a significant drop in export volume by 43.8 percent, despite a substantial 68.4 percent surge in international prices. Consequently, the share of meat and meat products in total export earnings increased from 2.9 percent to 3.2 percent compared to the previous year.

Textile and textile product exports increased by 9.1 percent due to a significant rise of 41.1 percent in international prices, despite a decline in export volume by 22.7 percent. This resulted in an increased share of textile and textile products in total merchandise export earnings, from 5.2 percent to 6.7 percent.

Electricity exports saw a decline of 9.9 percent to the same quarter of the previous year. This decrease can be attributed to a fall of 12.1 percent in export volume. The share of electricity in total export earnings witnessed a marginal increase, rising from 2.6 percent a year ago to 2.7 percent.

Gold exports experienced a sharp decline of 14.6 percent on an annual basis due to a substantial fall of 53.72 percent in export volume despite an 84.127 percent increase in international prices. As a result, the share of gold in total merchandise export dropped from 16.1 percent to 6.7 percent.

Chat exports a significant decline of 64.45 percent, as the export volume decreased by 61.41 percent, and a decrease of 8.48 percent in international prices. As a result, the share of chat in total merchandise export earnings currently decreased from 16.10 to 6.72 percent.

Leather and leather products exports declined by 17.8 percent, attributed to decreases in export volume (29.68 percent) and despite the increase int international price (17.21 percent). Their share in total merchandise export stood rather the same with 0.9 percent.

Live animal exports experienced a increase of 8.64 percent in export earnings, primarily due to a significant increase of 18.696 percent in international prices, despite a 8.395 percent decrease in export volume. Consequently, the share of live animals in total merchandise export earnings increased from 13.55 to 17.30 percent.

Oilseeds exports showed a significance decline of 55.8 percent on annual earning due to a significant fall in export volume (55.97 percent), and the international price stay the same. The share of oilseeds in total merchandise export earnings decreased from 9.61 to 4.99 percent.

Pulses exports saw a positive growth of 17.4 percent compared to the same quarter of the previous year. This increase can be attributed to an 81.95 percent growth in export volume, even though international prices declined by 35.5 percent. As a result, the share of pulses in total merchandise export revenue rose from 5.8 percent to 8.03 percent.

• Other export items experienced a significant 27.9 percent increase, reaching USD 47.39 million usd.