Ethiopia’s Coffee Exports Soar, Generates $1.43 Billion in Revenue

Ethiopia’s coffee market experienced significant growth in the 2023/24 fiscal year, generating $1.43 billion in revenue. The Ethiopian government reported that coffee exports generated $1.43 billion in revenue, with a 20% increase in coffee volume sold compared to the previous year. Ethiopia exported 298,500 tonnes of coffee, surpassing the previous year’s volume by 20%. The Ethiopian Coffee and Tea Authority (ECTA) confirmed that Ethiopia exported 298,500 tonnes of coffee during the fiscal year ending in July 2024. In June, the country exported 46,000 tons of coffee, creating a record $218 million in income. In the previous fiscal year, Ethiopia made $1.3 billion from the coffee trade, exporting around 240,000 tonnes of coffee. This indicates that the volume of coffee traded by Ethiopia in the financial year ending July 2024 surpassed the volume traded the year prior by 20%. Ethiopia, known as the origin of Arabica coffee, is one of Africa’s top producers and exporters of the commodity. However, experts often identify the absence of value-addition in Ethiopia’s coffee sector as a key barrier preventing the country from fully capitalizing on its abundant coffee resources, as the country mostly sells raw coffee beans to the global market.

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