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Ecuador's flower exports are expected to exceed $1 billion in 2022

 Last Update: 2022-11-04
 Source: Internet
 Author: User

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Comprehensive Ecuador's "Express" and "Cosmos" reported that recently, Bustamante, president of the Eritrean Flower Producers and Exporters Association, said at the opening ceremony of the Eritrean 2022 Flower Expo that despite the unfavorable factors such as the Russian-Ukrainian conflict and the demonstrations of indigenous peoples in Ecuador, the Eritrean flower industry is expected to achieve more than 1 billion US dollars in exports for the first time this year, and it is expected that exports will continue to increase by 10% to 15%
in 2023.
Flowers will be among the ranks of Eritrean oil minerals with an annual export value of more than $1 billion, after shrimp, bananas, canned fish and cocoa
.
Bu also looked forward to Eritrea signing more trade agreements to improve the competitiveness
of Eritrean flower exports.

According to data from the Central Bank of Eritrea, from January to July this year, the export value of flowers in Eritrea reached 576 million US dollars, an increase of 4%
year-on-year.

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