Brief Overview of the Import Market of Ethiopia in 2024
The import market of Ethiopia has come across a recent upward trajectory in annual revenue because of the growing domestic acquisitions and rising disposable incomes of the middle-class population residing in the nation. The trade agreements signed by the government firms for facilitating the overall shipments from the targeted destination via implemented tariff rates over the traded goods have posted the annual import valuation at present. Ethiopia Import Data says the valuable outputs of the growng trade rates show that the effective engagement of foreign investors has increased by a significant rate because of the feasible transportation modes facilitating the regulatory shipments of the demanded acquisitions.
In contrast to the limited production capability of the industrial sectors and the favorable trade rates supporting the import of Ethiopia have recorded that the country has imported goods worth 7.5 billion US dollars in 2024. Import Globals with its Ethiopia trade data highlights all the attracted regional shipments of the nation via the competitive prison strategies adopted by the trade firms for helping the business holders optimize the valuable potential deals that can help them in getting positive trade aspects in there future service extension.
TOP 10 IMPORTED GOODS OF ETHIOPIA IN 2024
The growing domestic acquisitions and the favorable trade rates grabbing the attraction of the top foreign investors have made the nation induce diversification of variation in its foreign inputs. According to the Ethiopia Import Data, the top 10 imported goods of the nation in 2024 are,
- Mineral fuels — Total valuation of Mineral fuels imported in Ethiopia in 2024–2.6 billion US dollars
- Machinery including computers — Total valuation of Machinery including computers imported in Ethiopia in 2024–1.9 billion US dollars
- Electrical machinery and equipment– Total valuation of Electrical machinery and equipment imported in Ethiopia in 2024–1.32 billion US dollars
- Vehicles — Total valuation of Vehicles imported in Ethiopia in 2024–1.31 billion US dollars
- Fertilizers — Total valuation of Fertilizers imported in Ethiopia in 2024–1.2 billion US dollars
- Plastics and plastic articles — Total valuation of Plastics and plastic articles imported in Ethiopia in 2024–831 million US dollars
- Animal/vegetable fats, oils, waxes — Total valuation of Animal/vegetable fats, oils, waxes imported in Ethiopia in 2024–748 million US dollars
- Pharmaceuticals — Total valuation of Pharmaceuticals imported in Ethiopia in 2024–676 million US dollars
- Iron and steel — Total valuation of Iron and steel imported in Ethiopia in 2024–672 million US dollars
- Cereals — Total valuation of Cereals imported in Ethiopia in 2024–575 million US dollars
TOP 10 IMPORT TRADE PARTNERS OF ETHIOPIA IN 2024
The growing political stability of Ethiopia with the leading trade estates of closer geographical proximity and the continuous efforts towards building the supply chains have established the solidifying position in the global market. According to the Ethiopia Customs Data, the top 10 import trade partners of the nation in 2024 are,
- China — The total value of the goods imported in Ethiopia from China in 2024–3 billion US dollars
TOP IMPORTED GOODS
1. Mineral fuels
2. Distillation products
3. Electrical, electronic equipment
4. Vehicles
5. Fertilizers
2. India– The total value of the goods imported in Ethiopia from India in 2024–1.7 billion US dollars
TOP IMPORTED GOODS
1. Plastics and plastic articles
2. Vegetable fats and oils
3. Pharmaceutical products
4. Iron and steel
5. Cereals
3. Kuwait — The total value of the goods imported in Ethiopia from Kuwait in 2024–1.2 billion US dollars
TOP IMPORTED GOODS
1. Aircraft, spacecraft
2. Miscellaneous chemical products
3. Manmade filaments
4. Articles of iron or steel
5. Sugars and sugar confectionery
Visit for Ethiopia Export Data
4. Saudi Arabia — The total value of the goods imported in Ethiopia from Saudi Arabia in 2024–1 billion US dollars
TOP IMPORTED GOODS
1. Medical Apparatus
2. Paper and paperboard
3. Rubbers
4. Edible vegetables
5. Furniture
5. United States — The total value of the goods imported in Ethiopia from the United States in 2024–876 million US dollars
TOP IMPORTED GOODS
1. Footwear
2. Dyeing extracts
3. Animal fodder
4. Soaps
5. Cotton
- Morocco — The total value of the goods imported in Ethiopia from Morocco in 2024–754 million US dollars
TOP IMPORTED GOODS
1. Pyrotechnics
2. Dairy products
3. Perfumes
4. Beverages
5. Essential oils
7. Turkey — The total value of the goods imported in Ethiopia from Turkey in 2024–556 million US dollars
TOP IMPORTED GOODS
1. Glass and glassware
2. Aluminum and articles
3. Articles of apparel
4. Essential oils
5. Aircraft
8. United Arab Emirates — The total value of the goods imported in Ethiopia from the United Arab Emirates in 2024–478 million US dollars
TOP IMPORTED GOODS
1. Sugars and sugar confectionery
2. Mineral fuels
3. Cotton
4. Toys
5. Cocoa and cocoa preparations
9. Egypt — The total value of the goods imported in Ethiopia from Egypt in 2024–354 million US dollars
TOP IMPORTED GOODS
1. Pulp of wood
2. Meat and edible meat offal
3. Headgear and parts
4. Umbrellas
5. Vegetable
10. Japan — The total value of the goods imported in Ethiopia from Japan in 2024–245 million US dollars
TOP IMPORTED GOODS
1. Knitted or crocheted fabric
2. Glass and glassware
3. Dyeing extracts
4. Nuclear reactors
5. Cereals
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