KEMMCOM Media and Communications

Export earnings drift farther from 2022 high

By: Samuel Bogale
Published On: November 25, 2023

Yet another poor quarterly export performance signals the momentum leading up to the record earnings in 2022 has all but dissipated, as a report from the Ministry of Trade and Regional Integration reveals a more than 40 percent shortfall in expected revenues.

The first three months of the fiscal year saw merchandise valued at USD 820 million shipped abroad, far short of the USD 1.37 billion expected by the federal government.