Net trade in goods in Ethiopia
Ethiopia: Net trade in goods was -14.05 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-14.05 billion BoP, current US$
Change on year
down 18.6%
World rank
178th
of 200 countries
All-time high
-83.67 million BoP, current US$
in 1977
All-time low
-14.05 billion BoP, current US$
in 2024
Years of data
48
1977–2024
Net trade in goods in Ethiopia, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods in Ethiopia stood at -14.05 billion BoP, current US$. That is the lowest value across all 48 years on record.
That represents a change of down 18.6% on the previous year and down 35.8% over ten years.
Over the whole period, net trade in goods in Ethiopia peaked at -83.67 million BoP, current US$ in 1977 and was at its lowest, -14.05 billion BoP, current US$, in 2024.
That places Ethiopia 178th out of 200 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Ethiopia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -83.67 million BoP, current US$ | — |
| 1978 | -130.29 million BoP, current US$ | +55.7% |
| 1979 | -92.51 million BoP, current US$ | -29.0% |
| 1980 | -230.29 million BoP, current US$ | +148.9% |
| 1981 | -255.65 million BoP, current US$ | +11.0% |
| 1982 | -272.42 million BoP, current US$ | +6.6% |
| 1983 | -337.34 million BoP, current US$ | +23.8% |
| 1984 | -381.55 million BoP, current US$ | +13.1% |
| 1985 | -507.68 million BoP, current US$ | +33.1% |
| 1986 | -455.41 million BoP, current US$ | -10.3% |
| 1987 | -577.44 million BoP, current US$ | +26.8% |
| 1988 | -556.04 million BoP, current US$ | -3.7% |
| 1989 | -374.06 million BoP, current US$ | -32.7% |
| 1990 | -620.10 million BoP, current US$ | +65.8% |
| 1991 | -303.19 million BoP, current US$ | -51.1% |
| 1992 | -822.86 million BoP, current US$ | +171.4% |
| 1993 | -507.14 million BoP, current US$ | -38.4% |
| 1994 | -553.68 million BoP, current US$ | +9.2% |
| 1995 | -669.77 million BoP, current US$ | +21.0% |
| 1996 | -585.32 million BoP, current US$ | -12.6% |
| 1997 | -413.36 million BoP, current US$ | -29.4% |
| 1998 | -799.45 million BoP, current US$ | +93.4% |
| 1999 | -919.81 million BoP, current US$ | +15.1% |
| 2000 | -645.32 million BoP, current US$ | -29.8% |
| 2001 | -1.12 billion BoP, current US$ | +73.2% |
| 2002 | -904.06 million BoP, current US$ | -19.1% |
| 2003 | -1.40 billion BoP, current US$ | +54.7% |
| 2004 | -2.09 billion BoP, current US$ | +49.4% |
| 2005 | -2.78 billion BoP, current US$ | +33.2% |
| 2006 | -3.05 billion BoP, current US$ | +9.6% |
| 2007 | -3.80 billion BoP, current US$ | +24.7% |
| 2008 | -5.49 billion BoP, current US$ | +44.2% |
| 2009 | -5.12 billion BoP, current US$ | -6.6% |
| 2010 | -4.89 billion BoP, current US$ | -4.7% |
| 2011 | -5.30 billion BoP, current US$ | +8.5% |
| 2012 | -7.29 billion BoP, current US$ | +37.5% |
| 2013 | -7.78 billion BoP, current US$ | +6.7% |
| 2014 | -10.35 billion BoP, current US$ | +33.1% |
| 2015 | -12.06 billion BoP, current US$ | +16.5% |
| 2016 | -11.92 billion BoP, current US$ | -1.2% |
| 2017 | -11.21 billion BoP, current US$ | -6.0% |
| 2018 | -11.02 billion BoP, current US$ | -1.7% |
| 2019 | -10.31 billion BoP, current US$ | -6.4% |
| 2020 | -8.51 billion BoP, current US$ | -17.5% |
| 2021 | -10.40 billion BoP, current US$ | +22.3% |
| 2022 | -12.77 billion BoP, current US$ | +22.7% |
| 2023 | -11.85 billion BoP, current US$ | -7.2% |
| 2024 | -14.05 billion BoP, current US$ | +18.6% |
Ethiopia compared with similar countries
- Ethiopia's -14.05 billion BoP, current US$ is below the median for low income countries, which is -688.50 million BoP, current US$, 20.4× the median. (23 countries reporting)
- Ethiopia's -14.05 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -487.31 million BoP, current US$, 28.8× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -102.16 million BoP, current US$ | -130.29 million BoP, current US$ | -83.67 million BoP, current US$ | 3 |
| 1980s | -394.79 million BoP, current US$ | -577.44 million BoP, current US$ | -230.29 million BoP, current US$ | 10 |
| 1990s | -619.47 million BoP, current US$ | -919.81 million BoP, current US$ | -303.19 million BoP, current US$ | 10 |
| 2000s | -2.64 billion BoP, current US$ | -5.49 billion BoP, current US$ | -645.32 million BoP, current US$ | 10 |
| 2010s | -9.21 billion BoP, current US$ | -12.06 billion BoP, current US$ | -4.89 billion BoP, current US$ | 10 |
| 2020s | -11.52 billion BoP, current US$ | -14.05 billion BoP, current US$ | -8.51 billion BoP, current US$ | 5 |
Countries ranked near Ethiopia
- 175 Lebanon -12.84 billion BoP, current US$ compare
- 176 Macao -13.14 billion BoP, current US$ compare
- 177 Dominican Republic -13.84 billion BoP, current US$ compare
- 179 Colombia -14.83 billion BoP, current US$ compare
- 180 Poland -15.27 billion BoP, current US$ compare
- 181 Uzbekistan -15.52 billion BoP, current US$ compare
More economy & growth data for Ethiopia
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.25 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0269 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 86.59 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0253 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 28.66 includes gold, current US$ per person (2024)
Frequently asked questions
- What is net trade in goods in Ethiopia?
- Net trade in goods in Ethiopia was -14.05 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Ethiopia?
- The highest recorded value was -83.67 million BoP, current US$ in 1977.
- What is the lowest net trade in goods recorded in Ethiopia?
- The lowest recorded value was -14.05 billion BoP, current US$ in 2024.
- How does Ethiopia rank for net trade in goods?
- Ethiopia ranks 178th out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Ethiopia?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.