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Ethiopia Net Trade (Goods & Services, BoP)

Ethiopia's net trade (goods & services, bop) fell to $-12.09 billion in 2023, down from $-13.22 billion in 2022, according to World Bank. This represents a decrease of 8.6% ($1.13 billion) from the previous year. Ethiopia has the 16th lowest net trade (goods & services, bop). Within Africa, it ranks 47th out of 48 countries.

Yearly Historical Data (1977-2023)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2023 -12.09
2022 -13.22
2021 -11.36
2020 -9.46
2019 -11.64
2018 -12.3
2017 -12.67
2016 -14.09
2015 -13.85
2014 -11.82
2013 -8.13
2012 -8.14
2011 -5.92
2010 -5.27
2009 -5.61
2008 -6.1
2007 -4.25
2006 -3.08
2005 -2.97
2004 -2.04
2003 -1.35
2002 -0.97
2001 -1.17
2000 -0.63
1999 -0.91
1998 -0.86
1997 -0.42
1996 -0.56
1995 -0.68
1994 -0.57
1993 -0.53
1992 -0.92
1991 -0.32
1990 -0.67
1989 -0.41
1988 -0.61
1987 -0.59
1986 -0.48
1985 -0.49
1984 -0.45
1983 -0.42
1982 -0.35
1981 -0.33
1980 -0.31
1979 -0.18
1978 -0.2
1977 -0.14
Ethiopia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Ethiopia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $2.86B $3.09B 2023
Annual Imports $17.05B $16.54B 2023
Balance of Trade -$3.8B -$3.4B Jun'24
Exports $1.3B $927M Jun'24
Exports (% GDP) 5.55% 6.6% 2024
FDI Inflows (% GDP) 2.89% 3.83% 2022
Imports $5.1B $4.4B Jun'24
Imports (% GDP) 11.76% 14% 2024
Tariff Rate 18.49% 17.83% 2021
Trade (% GDP) 17.31% 20.6% 2024