Gold, Coffee, Live animals, Oil seed, Flowers
BUSINESS OPPORTUNITIES IN ETHIOPIA
Imports in Ethiopia amounted to around $8.4 billion in 2019, which was a decrease of -48.5%since 2015 and -13% between 2018 and 2019. China makes for 18% of the imports of Ethiopia, also making it the countrys largest importer, followed by Saudi Arabia at 13% and the United States at 9%. Also, Ethiopias exports formed 89.2% of the total value of the Ethiopian shipments to the world. Also, some of its main exports are primarily food and livestock.
Coffee, tea and spices were the chief exports of Ethiopia to the world with an export percentage of 32.6% of total exports. Oil seeds took the second place with 18.7% of total exports. Out of the above mentioned products, coffee has been the top scorer and has also resulted in giving highly positive net exports to the country. Ethiopia also has a stronghold in the tea and spices categories.
Machinery formed the largest chunk of imports in the economy with 19.3% of total imports. The economy spent most of its finances in buying machinery like turbo-jets, centrifuges, filters and purifiers, refrigerators, liquid pumps and elevators and many more such items. Out of these imports, buying of refrigerators, freezers, turbo-jets and other miscellaneous machinery grew at the fastest pace between 2018 and 2019.