Addis Ababa (ENA)―Horticulture has generated 275.45 million USD in export revenue in the just ended fiscal year, according to the Ethiopian Horticulture Development Agency (EHDA).

The foreign currency secured from export of horticulture products has showed a 10.7 per cent increase as compared against the performance of last year.

Export of cut flowers amounted to the majority of the revenue, with the sector generating 225 million USD of the stated amount.

Export of fruits and vegetables as well as herbs generated 50 million USD.

Head of Public Relations Office with the Agency Mekonnen Hailu said 49 thousand tons of roses and 714.5 million cut flowers were exported in the given period.

The volume of vegetables and fruits exported was 166 thousand tons, according to the head.

He attributed the increase in foreign currency earnings to consistent government support to the sector, attractive incentives and increase in export volume.

The country is becoming a preferred investment hub for horticulture export owning to conducive investment climate and government incentives, Mekonnen said.

ALSO READ Ethiopian Horticulture Industry Flourishes

The majority of the 130 companies investing in fields of horticulture in Ethiopia are owned by foreigners.

Europe is the key destination for Ethiopia’s horticulture products, taking 80 per cent share of the export.

North America, Middle and Far East as well as some African and other countries also receive Ethiopian horticulture products.

Source: ENA
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