Ethiopia, whose export trade is heavily reliant on raw agricultural commodities and minerals, aims to increase its income from manufactured goods export to one billion USD next year. The east African country has secured $607 million from manufactured goods exports during the Ethiopian fiscal year ended July 7, 2026. He noted that before the initiative began, annual foreign exchange earnings from manufactured exports stood at US$385 million, but have now increased to US$607 million. The minister said the government’s strong focus on the manufacturing sector has brought about fundamental improvements and positive changes. Looking ahead to the 2019 Ethiopian fiscal year, the government has set a target of generating US$1 billion in revenue from manufactured goods exports.