Ethiopia Imports
Ethiopia's imports reached an all-time high of $5.07 billion in Q2 2024, a 15.9% increase from $4.38 billion in Q1 2024. This growth is attributed to higher imports of refined petroleum, fertilizers and machinery, supporting reconstruction efforts. China is the primary supplier, providing 22.8% of total imports. The trade deficit widened to $3.81 billion in Q2 2024 due to strong import demand and export challenges. Ethiopia's record low imports was $2.69 billion on Q2 2020 and record high was $5.07 billion on Q2 2024.
Quarterly Historical Data (2014-2024)
(in Billion USD)Ethiopia Imports : Definition
Ethiopia imports measure the total value of goods and services Ethiopia buys from other countries, typically recorded in USD. Calculation sums the CIF (Cost, Insurance, Freight) value of all incoming goods including machinery, fuel and consumer items. Large imports relative to exports signal a trade deficit for Ethiopia.