Research Article
International trade of gum and resin (frankincense) in Ethiopia
Author(s): A Eyassu*, M Abebe and T Abate
Ethiopia is among major producing and exporting countries for gum and resin and the product has significant
contribution for the national economy of the country. However, there is lack of information regard to the export,
import and the trade balance. The objectives of this paper were: (i) To quantify the total income the country earned
through export of gum and resin (frankincense), (ii) Estimate the total expenditure that Ethiopia spent in order to
import gum and resin (frankincense), (iii) To evaluate the trade balance of the import and export of gum and resin
(frankincense).
Ethiopia earned on average 10981427.81 US$ per year by exporting 2855.55 tonnes of gum and resin, whereas
the country spent on average 3,676,743.77 US$ per year for importing 1,643.99 tonnes of gums and resins. The
trade balance from the years 2009 to 2017 presented that the income.. Read More»
DOI:
10.15651/2408-5510.23.11.007