Readers ask: How Much Does The United States Make On Trade With Ethiopia?

Does the US have a trade surplus or trade deficit with Ethiopia?

Ethiopia is currently our 84th largest goods trading partner with $1.6 billion in total (two way) goods trade during 2019. Goods exports totaled $1.0 billion; goods imports totaled $572 million. The U.S. goods trade surplus with Ethiopia was $442 million in 2019.

How much does Ethiopia make from trade?

Imports of goods and services (current US$) In 2019, Ethiopia exported $7.6 billion and imported $20.0 billion, resulting in a negative trade balance of -$12.4 billion. In 2015, Ethiopia’s largest export sector was Vegetable, with 64.69% of total exports.

Does the US support Ethiopia?

Ethiopia is a strategic partner of the United States in the Global War on Terrorism. The United States is the largest donor to Ethiopia: in 2008 U.S. foreign aid to Ethiopia totaled $969 million USD, in 2009 $916 million USD, with 2010 estimated at $513 million USD and $586 million USD requested for 2011.

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What does Ethiopia export the most?

Ethiopia primarily exports coffee, leather, and leather products to the United States. The vast majority of Ethiopia’s imports come from Asia (62.3%) followed by Europe (21.4%), the United States (10%), and other countries in Africa (6.2%). Imports from China accounted for 26% of Ethiopia’s total foreign supplies.

What products are in high demand in Ethiopia?

Top 10

  • Machinery including computers: US$1.6 billion (19.3% of total imports)
  • Aircraft, spacecraft: $1.5 billion (18%)
  • Electrical machinery, equipment: $1 billion (12.1%)
  • Pharmaceuticals: $455.3 million (5.4%)
  • Iron, steel: $391.6 million (4.7%)
  • Vehicles: $387.5 million (4.6%)

What can I export from Ethiopia to USA?

Ethiopia exports to United States Value Year
Coffee, tea, mate and spices $128.22M 2017
Footwear, gaiters and the like, $29.46M 2017
Oil seed, oleagic fruits, grain, seed, fruits $17.01M 2017
Articles of apparel, knit or crocheted $15.07M 2017

Is Ethiopia rich or poor?

With more than 112 million people (2019), Ethiopia is the second most populous nation in Africa after Nigeria, and the fastest growing economy in the region. However, it is also one of the poorest, with a per capita income of $850.

What is Ethiopia’s main source of income?

Ethiopia’s economy is based on agriculture, which accounts for 46% of GDP and 85% of total employment. Note: Top 3 trade partners are calculated by imports + exports.

What is the main industry in Ethiopia?

The country intends to be a middle-income economy by 2025. Ethiopia’s major industries include agriculture, construction, manufacturing, resources and energy, tourism, and food processing.

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Why is Ethiopia so important?

Introduction. Ethiopia, Africa’s second most populous country, has suffered military rule, civil war, and catastrophic famine over the past half century. In recent years, it has emerged as a major power in the Horn of Africa, enjoying rapid economic growth and increasing strategic importance in the region.

Who is Ethiopia allies with?

The Ethiopian government’s relations with the U.S. and the West in general have been centered on military and economic cooperation. In addition, Ethiopia maintains diplomatic links with China, Israel, Mexico and India, among other countries.

How much US aid does Ethiopia receive?

In response to growing needs in Ethiopia’s Tigray region, the United States, through the U.S. Agency for International Development ( USAID ), is providing more than $152 million in additional humanitarian assistance.

What products are made in Ethiopia?

Principal crops include coffee, pulses (e.g., beans), oilseeds, cereals, potatoes, sugarcane, and vegetables. Exports are almost entirely agricultural commodities, and coffee is the largest foreign exchange earner. Ethiopia is also Africa’s second biggest maize producer.

What can I import to Ethiopia?

Construction machinery and vehicles, steel, chemicals, and recently cement are goods that are imported to Ethiopia in huge quantities.

What countries do Ethiopia export to?

Economy of Ethiopia

Statistics
Exports $3.23 billion (2017 est.)
Export goods coffee, qat, gold, leather products, live animals, oilseeds
Main export partners Sudan 23.3% Switzerland 10.2% China 8.1% Somalia 6.6% Netherlands 6.2% United States 4.7% Germany 4.7% Saudi Arabia 4.6% (2017)
Imports $15.59 billion (2017 est.)

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