Trade Balance in Ethiopia

Ethiopia Trade Balance | Economic News & Forecasts

Ethiopia - Trade Balance

Midway through the second quarter of FY 2020 (8 July 2020–7 July 2021), the economic panorama remains grim. Restrictive measures to curb the spread of the coronavirus remain largely in place, with only some schools reopening in late October. As such, domestic demand is set to be dented in the quarter. Moreover, the armed conflict in the country’s Tigray region has intensified recently, further weighing on the domestic economy and sparking fears of civil war. Tensions on the external front also remain as a new round of talks with Egypt and Sudan conducted in early November failed to overcome differences over the Nile river dam dispute. Additionally, rising new Covid-19 cases globally will likely hamper the external sector and further weaken foreign demand, thereby dragging on the economy in the quarter.

Ethiopia - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-13.8  -13.6  -12.9  -12.6  -     

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Ethiopia Trade Balance Chart

Ethiopia Trade Balance
Note: Trade balance in USD bn.
Source: National Bank of Ethiopia.

Ethiopia Facts

Value Change Date
Exchange Rate31.980.01 %Jan 01
Stock Market0.40.0 %Jan 07

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