Ethiopia recorded a trade deficit of 2690.80 USD Million in the first quarter of 2021. source: National Bank of Ethiopia

Balance of Trade in Ethiopia averaged -2379.11 USD Million from 2006 until 2021, reaching an all time high of -956.70 USD Million in the second quarter of 2007 and a record low of -3852.10 USD Million in the fourth quarter of 2018. This page provides - Ethiopia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia Balance of Trade - values, historical data and charts - was last updated on October of 2021.

Balance of Trade in Ethiopia is expected to be -2900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia Balance of Trade is projected to trend around -2800.00 USD Million in 2022 and -3020.00 USD Million in 2023, according to our econometric models.

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Ethiopia Balance of Trade

Ethiopia Last Unit Reference Previous Highest Lowest
Balance of Trade -2690.80 USD Million Mar/21 -2599.40 -956.70 -3852.10
Current Account -797.20 USD Million Mar/21 -592.60 159.30 -2535.80
Current Account to GDP -4.40 percent of GDP Dec/20 -5.30 1.50 -12.60
Exports 883.10 USD Million Mar/21 722.30 984.80 265.90
Imports 3573.90 USD Million Mar/21 3321.70 4436.30 1355.50
Foreign Direct Investment 725.10 USD Million Mar/21 706.50 1327.30 151.90

Ethiopia Balance of Trade
Ethiopia runs consistent trade deficits due to small production of exportable goods and logistic difficulties. Main exports are gold, coffee, live animals and oilseeds. Ethiopia is a net importer of fuel, foodstuffs and textile apparel. Main trading partners are China (18 percent of total imports and 8 percent of exports) and Saudi Arabia (13 percent of imports and 7 percent of exports).