Ethiopia Import Data

Ethiopia Import Data

In recent years, Ethiopia has been experiencing a steady increase in its import activities. This trend is expected to continue in 2022, with the country's import rank projected to rise even further. In 2020, Ethiopia was ranked as the 99th largest importer in the world, with a total value of approximately $18.4 billion worth of imports. However, by 2022, it is estimated that Ethiopia will jump up to the 90th position.

The Gross Domestic Product (GDP) of a country is one of the essential indicators of economic health and growth potential. In recent years, Ethiopia has seen remarkable growth in its GDP figures and this trend is expected to continue into 2022. In 2019, Ethiopia's GDP was recorded at $96 billion, making it one of the fastest-growing economies in Africa.

By 2022, experts project that Ethiopia's GDP will reach $112 billion – an increase of over $16 billion from its current figures. This significant growth can be attributed to various factors such as investments in infrastructure development projects like roads and railways which facilitate trade activities within and outside the country.

Ethiopia as one of Africa's most populous countries with over 115 million people currently living within its borders, it is estimated that by 2022 this number will exceed over120 million people.

Ethiopia's top importing products are mainly machinery, transportation equipment, chemicals, and fuel. These products are vital in supporting the country's manufacturing and construction industries which have seen significant growth over the years. In 2022, it is expected that these industries will continue to drive demand for imported goods as they expand to meet the needs of a growing population.

China, India, and Turkey are currently Ethiopia's top trading partners. However, there has been an increase in trade relationships with countries such as Japan, Germany and the United States in recent years. This trend is set to continue into 2022 as Ethiopia continues to develop stronger partnerships with both traditional and new trading partners.

Ethiopia Import Customs Trade Data Shows Top 10 Importing Products In 2022 – Analysis By Chapter

  • 15.5% for Chapter 84 – Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof value of 2.32 billion US$
  • 9.72% (1.6 billion US dollar) HS CODE: 84 - Parts of nuclear reactors, boilers, machinery, and mechanical appliances
  • 9.07% (1.5 billion US dollar) HS CODE: 87 - Other than railway or tramway rolling stock, and their parts and accessories
  • 8.59% (1.42 billion US dollar) HS CODE: 15 - Fats and oils derived from animals, vegetables, or microbes; prepared edible fats; animal or vegetable waxes
  • 8.21% (1.35 billion US dollar) HS CODE: 85 - Various electrical machinery, equipment, and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers; and their parts and accessories
  • 8.13% (1.34 billion US dollar) HS CODE: 10 - Cereals
  • 7.84% (1.29 billion US dollar) HS CODE: 31 - Fertilizers
  • 6.5% (1.07 billion US dollar) HS CODE: 27 - Bituminous substances; mineral waxes; mineral fuels, mineral oils, and products of their distillation
  • 5.01% (829 million US dollar) HS CODE: 39 - Articles made from plastics
  • 4.75% (786 million US dollar) HS CODE: 30 - Products derived from pharmaceuticals
  • 3.55% (587 million US dollar) HS CODE: 17 - Confectionery and sugar products

Ethiopia Import Global Trade Data Shows Top 10
Trading Partners
of Ethiopia

  • China with a share of 28% (4.23 billion US$)
  • With a share of 29% (4.96 billion US dollar), China dominates
  • With a share of 14.3% (2.36 billion US dollar), India dominates
  • With a share of 6.66% (1.1 billion US dollar), USA dominates
  • With a share of 4.5% (744 million US dollar), Turkey dominates
  • With a share of 4.22% (697 million US dollar), Morocco dominates
  • With a share of 3.45% (570 million US dollar), Egypt dominates
  • With a share of 3.41% (564 million US dollar), UAE dominates
  • With a share of 3.17% (524 million US dollar), Saudi Arabia dominates
  • With a share of 3.06% (506 million US dollar), Malaysia dominates
  • With a share of 2.23% (369 million US dollar), Japan dominates

Ethiopia Import Data Sample

HOW IMPORT GLOBALS, ETHIOPIA IMPORT DATA CAN HELP YOUR BUSINESS TO GROW WORLDWIDE

At Import Globals, we understand the importance of having up-to-date and accurate information when it comes to international trade. That's why our team works tirelessly to collect import data from various sources, including custom shipping bill documents. These documents are crucial as they contain all the essential details of imports and exports that have entered or left Ethiopia.

One of the most critical pieces of information that can be obtained from these shipping bills is the name of the importer or exporter company. Knowing who you are doing business with is crucial for building trust and establishing long-term partnerships. Ethiopia import custom data provides you with this valuable information, allowing you to identify potential partners or competitors in your industry.

Custom shipping bills are official documents issued by customs authorities when goods are exported from one country to another. They contain all the necessary information about the shipment, including details about the exporters and importers company name, company address, HS codes (Harmonized System codes), product descriptions, destination country, origin country, product values, quantity, weight etc.

In addition to company names, Ethiopia import data provided by Import Globals also includes HS codes, which are unique numerical codes used to classify products traded internationally. These codes provide a standardized way of identifying products, ensuring clear communication between trading partners and avoiding any confusion or delays at customs.

Import Globals, Ethiopia Import shipment data also includes product details such as descriptions and quantities imported/exported. This level of detail enables businesses to gain insights into specific product trends and demands in the Ethiopian market, making informed decisions on what goods to trade.

Import Globals, Ethiopia import trade data also provides the value of each shipment. This information is crucial for businesses looking to enter new markets or expand their existing operations in Ethiopia. By knowing the value of imports across different industries, businesses can assess potential growth opportunities and make strategic investments accordingly.

Whether you are a trade association representing a specific industry or sector, a logistics company responsible for the transportation and delivery of goods, an NGO working to support local communities through imports, or even a research company looking to gather insights on market trends – Import Globals Ethiopia Import Custom Data has something to offer for everyone.

By utilizing Ethiopia Customs Data, businesses can gain insights into the latest trends and demands in the Ethiopian market, allowing them to make more informed decisions about their products and services. Ethiopia import data provided by Import Globals, minimizes time spent on searching for potential prospects and understanding the market for your products. With access to accurate and up-to-date information, you can directly target specific industries or companies that align with your business goals. This not only saves time but also resources as you can focus your efforts on high-potential leads rather than wasting them on unqualified ones.

Import Globals robust Ethiopia trade data allows you to filter through imports by product categories or countries of origin, enabling you to narrow down your search efficiently. For instance, if you are looking to export agricultural machinery from China to Ethiopia, our data will help you identify all the relevant transactions in this category successfully.

In addition to helping businesses find new clients and markets for their products, our Ethiopia import custom data also assists in staying ahead of competitors. Our detailed reports give an insight into what products are being imported by whom at what price points. This information helps companies stay updated with current market trends and adjust their strategies accordingly.

Import Globals provides real-time updates on any changes or developments in Ethiopian trade policies or regulations that may impact imports. By staying informed about these changes through our database, businesses can avoid any potential pitfalls and stay compliant with Ethiopian import laws.

By using Import Globals' Ethiopia import custom data, businesses can streamline their market research efforts and target the right clients more effectively. With our accurate and reliable information, you can minimize time spent on searching for prospects and gain a competitive edge in the dynamic Ethiopian import market.

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