Ethiopia recorded a trade deficit of 2661.80 USD Million in the second quarter of 2019. Balance of Trade in Ethiopia averaged -2336.52 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.

Balance of Trade in Ethiopia is expected to be -2835.00 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 2020, according to our econometric models.

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Ethiopia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2661.80 -2877.50 -956.70 -3852.10 2006 - 2019 USD Million Quarterly


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).

Ethiopia Trade Last Previous Highest Lowest Unit
Balance of Trade -2661.80 -2877.50 -956.70 -3852.10 USD Million [+]
Current Account -1378.70 -1557.40 159.30 -2535.80 USD Million [+]
Current Account to GDP -6.00 -8.10 1.50 -12.60 percent [+]
Imports 3428.60 3565.00 4436.30 1355.50 USD Million [+]
Exports 766.70 687.50 984.80 265.90 USD Million [+]
Foreign Direct Investment 565.40 621.60 1327.30 151.90 USD Million [+]
Terrorism Index 5.35 5.63 5.94 2.31 [+]