Ethiopia recorded a trade deficit of 2868.70 USD Million in the first quarter of 2020.

Balance of Trade in Ethiopia averaged -2375.99 USD Million from 2006 until 2020, 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 2020.

Balance of Trade in Ethiopia is expected to be -2580.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ethiopia to stand at -3030.00 in 12 months time. In the long-term, the Ethiopia Balance of Trade is projected to trend around -2950.00 USD Million in 2021 and -3050.00 USD Million in 2022, according to our econometric models.

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Ethiopia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2868.70 -3209.50 -956.70 -3852.10 2006 - 2020 USD Million Quarterly

Ethiopia Trade Last Previous Highest Lowest Unit
Balance of Trade -2868.70 -3209.50 -956.70 -3852.10 USD Million [+]
Current Account -1649.50 -1584.50 159.30 -2535.80 USD Million [+]
Current Account to GDP -4.50 -6.50 1.50 -12.60 percent [+]
Imports 3626.30 3820.00 4436.30 1355.50 USD Million [+]
Exports 757.60 610.50 984.80 265.90 USD Million [+]
Foreign Direct Investment 561.40 661.60 1327.30 151.90 USD Million [+]
Terrorism Index 5.35 5.63 5.94 2.31 [+]


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).