Ethiopia’s textile and garment sector has exceeded its target export revenues in the last five months. In particular, the leather business is expected to generate $90 million this year. The industry is expected to help the country’s overall economy by improving its performance.
Around 80 of the 400 textile and garment firms in Ethiopia export textile items. The textile and leather sectors in the country face a number of issues, including the availability of foreign money, input raw materials, and spare parts. Earnings in foreign currencies are given precedence in order to compensate for the existing lack of hard money. The country is exploring prospects to gain potential buyers in the worldwide market and establish effective market connections with reputable purchasers. To address the cotton deficit, a 15-year National Cotton Development Strategy has been developed. Ethiopia will harvest a large amount of cotton for export as well as to meet the needs of the domestic textile sector. Several big international corporations have made investments in Ethiopia’s textile and garment industries.