Mineral Fuels Import of Ethiopia in 2024: Brief About the Top Trade Partners

Ethiopia, landlocked by Kenya to the south and Sudan and South Sudan to the west, has recorded itself as the top importer of mineral fuel in the global market. The mineral fuel import of Ethiopia accounts for 15.5% of the annual revenue rate, which is valued at 2.89 billion US dollars. Ethiopia Export Data says, the Ethiopian mineral fuel import dates back to centuries as the country’s industrial production regarding the energy essentials is lower from the ancient times.

Rapid urbanization, road transport expansion, power generation projects, and industrial fuel demand have been a consistent contributor to the rise in global imports via consumer-based acquisitions of diesel, kerosene, gasoline, etc. The 300 million tons of coal and 253 million tons of oil shale exploitation have resulted in an annual hike of import trade by 3.7% from the past year. Import Globals with its Ethiopia trade data gives a detailed analysis of the overall amount of mineral fuels imported in the nation from the foreign exporters to highlight the acquisitions of the business holders regarding the upcoming investment opportunities in the international trade market for global service expansion.

GOVERNMENT INITIATIVE SUPPORTING THE IMPORT OF MINERAL FUELS IN ETHIOPIA IN 2024

The government initiatives has been a serving structure towards the entire import economy of mineral fuels in the Ethiopian trade. The Central Bank’s allocation of foreign currency for fuel imports via the Ethiopian Petroleum Supply Enterprise has ensured the timely supply of critical fuel while stabilizing the import operation. The temporary subsidies on fuel during exchange reform have minimized the price shocks for consumers while empowering fuel relentless access to the regional distribution during the economic transition.

The exchange rate liberalization to ease foreign currency access has led to more transparent entry to hard currency for fuel importers. The trade liberalization of the import sector has opened up new opportunities for fuel import, fostering competition in the global trade market.

THE LEADING VARIANTS OF MINERAL FUELS IMPORTED INTO ETHIOPIA IN 2024

Ethiopia’s import economy has recorded diversification in the overall mineral fuels from foreign exporters. The attributing factor is the rise in consumer-based demand due to a lack of production capacity. According to the Ethiopia Import Data, the top 10 leading variants of mineral fuels imported in the nation in 2024 are,

  • Gasoline — The annual import trade value of Gasoline imported in Ethiopia in 2024–765 million US dollars
  • Avtur — The annual import trade value of Avtur imported in Ethiopia in 2024–587 million US dollars
  • Diesel — The annual import trade value of Diesel imported in Ethiopia in 2024–432 million US dollars
  • Kerosene — The annual import trade value of Kerosene imported in Ethiopia in 2024–376 million US dollars
  • Light Fuel Oil — The annual import trade value of Light Fuel Oil imported in Ethiopia in 2024–287 million US dollars
  • Heavy (Black) Fuel Oil– The annual import trade value of Heavy (Black) Fuel Oil imported in Ethiopia in 2024–165 million US dollars
  • LPG — The annual import trade value of LPG imported in Ethiopia in 2024–148 million US dollars
  • Aviation-grade Kerosene — The annual import trade value of Aviation-grade Kerosene imported in Ethiopia in 2024–124 million US dollars
  • Bitumen — The annual import trade value of Bitumen imported in Ethiopia in 2024–87 million US dollars
  • Marine Gas Oil — The annual import trade value of Marine Gas Oil imported in Ethiopia in 2024–76 million US dollars

TOP 10 IMPORT TRADE PARTNERS OF ETHIOPIA IN 2024

Ethiopia, being the topmost importer of mineral fuels, has maintained stability in the revenue rate. According to the Ethiopia Customs Data, the top 10 import trade partners of the nation in 2024 are,

  • China — The total valuation of mineral fuels imported in Ethiopia from China in 2024–879 million US dollars

Top 5 variants of mineral fuels imported

1. Regular Gasoline (RON 87)

2. Mid-grade Gasoline (RON 89)

3. Premium Gasoline (RON 91–98)

4. Reformulated Gasoline (RFG)

5. Aviation Gasoline (Avgas 100LL)

  • India– The total valuation of mineral fuels imported in Ethiopia from India in 2024–675 million US dollars

Top 5 variants of mineral fuels imported

1. Jet A

2. Jet A-1

3. JP-4

4. JP-5

5. JP-8

  • Kuwait — The total valuation of mineral fuels imported in Ethiopia from Kuwait in 2024–587 million US dollars

Top 5 variants of mineral fuels imported

1. Ultra-Low Sulfur Diesel (ULSD)

2. Biodiesel B5

3. Biodiesel B10

4. Biodiesel B20

5. Marine Gas Oil (MGO)

  • Saudi Arabia — The total valuation of mineral fuels imported in Ethiopia from Saudi Arabia in 2024–478 million US dollars

Top 5 variants of mineral fuels imported

1. Marine Diesel Oil (MDO)

2. Bunker Fuel A

3. Bunker Fuel B

4. Bunker Fuel C (Heavy Fuel Oil — HFO)

5. Heating Oil #1

  • United States — The total valuation of mineral fuels imported in Ethiopia from the United States in 2024–365 million US dollars

Top 5 variants of mineral fuels imported

1. Kerosene

2. Lighting Kerosene

3. Paraffin Oil

4. Mineral Turpentine

5. White Spirit

  • Morocco — The total valuation of mineral fuels imported in Ethiopia from Morocco in 2024–287 million US dollars

Top 5 variants of mineral fuels imported

1. Naphtha (light)

2. Naphtha (heavy)

3. Gas Oil

4. Low Sulfur Fuel Oil (LSFO)

5. Very Low Sulfur Fuel Oil (VLSFO)

  • Turkey — The total valuation of mineral fuels imported in Ethiopia from Turkey in 2024–167 million US dollars

Top 5 variants of mineral fuels imported

1. Residual Fuel Oil

2. Vacuum Gas Oil (VGO)

3. Bitumen (Asphalt)

4. Fuel Oil #4

5. Fuel Oil #5

  • United Arab Emirates — The total valuation of mineral fuels imported in Ethiopia from the United Arab Emirates in 2024–145 million US dollars

Top 5 variants of mineral fuels imported

1. Compressed Natural Gas (CNG)

2. Liquefied Natural Gas (LNG)

3. Liquefied Petroleum Gas (LPG — Butane/Propane blend)

4. Propane

5. Butane

  • Egypt– The total valuation of mineral fuels imported in Ethiopia from Egypt in 2024–122 million US dollars

Top 5 variants of mineral fuels imported

1. Isobutane

2. Methane

3. Ethane

4. Natural Gasoline

5. Synthetic Natural Gas (SNG)

  • Japan — The total valuation of mineral fuels imported in Ethiopia from Japan in 2024–89 million US dollars

Top 5 variants of mineral fuels imported

1. Anthracite

2. Bituminous Coal

3. Sub-bituminous Coal

4. Lignite

5. Coal Tar

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