Ethiopia recorded a trade deficit of 3023.80 USD Million in the third quarter of 2019.

Balance of Trade in Ethiopia averaged -2350 USD Million from 2006 until 2019, 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 July of 2020.

Balance of Trade in Ethiopia is expected to be -3000.00 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 -3010.00 in 12 months time. In the long-term, the Ethiopia Balance of Trade is projected to trend around -3200.00 USD Million in 2021, according to our econometric models.

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Ethiopia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3023.80 -2661.80 -956.70 -3852.10 2006 - 2019 USD Million Quarterly

Ethiopia Trade Last Previous Highest Lowest Unit
Balance of Trade -3023.80 -2661.80 -956.70 -3852.10 USD Million [+]
Current Account -1644.80 -1378.70 159.30 -2535.80 USD Million [+]
Current Account to GDP -4.50 -6.50 1.50 -12.60 percent [+]
Imports 3746.40 3428.60 4436.30 1355.50 USD Million [+]
Exports 723.00 766.70 984.80 265.90 USD Million [+]
Foreign Direct Investment 700.20 565.40 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).