Cepheus Growth Capital has posted a detailed analysis of Ethiopia’s exports and imports in the just-completed fiscal year. The report – Ethiopia’s recent trade performance: a data pack and some observations – contains easily accessible, important data. Extracts from the section on Ethiopia’s export performance:

Export values: Exports reached a historic high of $4.1bn in the 2021-22 fiscal year, an increase of half a billion dollars from the prior year’s $3.6bn. The outturn was somewhat below expectations, with the growth rate turning out to be 14 percent, versus government expectations (as well as our own) that export growth would have reached at least 20 percent for the fiscal year.

Main markets: The top destinations for Ethiopia’s exports were Switzerland ($549mn, 13% of total), Netherlands ($387mn, 9%), the United States ($358mn, 9%), Somalia ($343mn, 8%), Saudi Arabia ($280mn, 7%), and Germany ($279mn, 7%). All six of these countries purchased at least a quarter billion dollars worth of Ethiopian goods, while an additional seven countries (UAE, Japan, Djibouti, Belgium, Israel, South Korea, and China) bought at least $100mn of Ethiopian products. Taken together, these 13 countries make up Ethiopia’s most important export markets, with the rest of Ethiopia’s 27 export destinations each making up no more than 2% of total exports.

Tables in the report include:

• Ethiopia’s exports by country of destination (and by commodity)
• A ten-year overview of export trends
• Top 10 country export destinations, by product (USD mn)

Access the report here: