Ethiopia Export Earnings Reach $5.9 Billion as Mining Sector Surges

As reported by FurtherAfrica

Summary

• Ethiopia recorded $5.9 billion in export earnings during the current fiscal period, according to the Ministry of Trade and Regional Integration. The mining sector, led by gold, was the largest contributor. Ethiopia exported more than 22 tonnes of gold within eight months of the fiscal year.
• Gold overtook coffee as Ethiopia's top export earner in the 2024/25 fiscal year, generating $3.5 billion compared to coffee's $2.65 billion. With global gold prices pushing past $5,000 per ounce, Ethiopia is on track to meet its $9.4 billion full-year export target.
• First-half exports hit $5.1 billion, surpassing the government target by 20% and marking a 56% increase over the same period last year. The diversification away from reliance on agricultural commodities alone is a structural shift.
• For BirrValue users, rising export earnings increase the supply of foreign currency flowing into the banking system. More dollars available to banks means more competitive conversion rates and shorter wait times for FX allocation. Monitor daily rates on [BirrValue](/banks) and compare before converting or sending money.