Ethiopia

Ethiopia ranked No. 88 in total trade value through June with a total of $581.96 million. Exports totaled $339.64 million and Imports totaled $242.31 million, a surplus of $97.33 million.

U.S. trade with Ethiopia rose to $581.96 million through June

Ethiopia’s trade with the United States rose to $581.96 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.38 percent below its total trade during the same time period last year. U.S. exports to Ethiopia decreased 13.2 percent while U.S. imports from Ethiopia fell 8.7 percent. The U.S. surplus with Ethiopia was $97.33 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Everett, Wash.; No. 2 Dulles International Airport, Washington D.C., Va.; No. 3 Port of Charleston; No. 4 Port of Houston; and No. 5 Miami Int’l Airport. During the same period the previous year, the top five were No. 1 Port of Everett, Wash.; No. 2 Dulles International Airport, Washington D.C., Va.; No. 3 Miami Int’l Airport; No. 4 Port of Charleston and No. 5 Port of Newark. In the current time period, the top five accounted for 64.06 percent of Ethiopia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Everett, Wash. rose 3.12 percent to $157.04 million.
    Exports rose 3.12 percent to $157.04 million. There were no imports.
  • Trade with No. 2 Dulles International Airport, Washington D.C., Va. fell 30.15 percent to $65.77 million.
    Exports fell 11.23 percent to $17.51 million. Imports fell 35.17 percent to $48.25 million.
  • Trade with No. 3 Port of Charleston rose 13.96 percent to $53.49 million.
    Exports rose 249.48 percent to $752,905. Imports rose 12.87 percent to $52.73 million.
  • Trade with No. 4 Port of Houston rose 56.45 percent to $50.93 million.
    Exports rose 60.7 percent to $42.89 million. Imports rose 37.12 percent to $8.05 million.
  • Trade with No. 5 Miami Int’l Airport fell 49.6 percent to $45.55 million.
    Exports fell 46.08 percent to $45.01 million. Imports fell 92.19 percent to $539,611.

Ethiopia ranked No. 88 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 84.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Ethiopia by value through June were the categories of Civilian aircraft, parts; Grain sorghum; Wheat; Misc. vegetable fats, oils; and Beans, peas, dried or shelled, respectively. They accounted for 79.99 percent of total exports to Ethiopia.

The value of the top five categories of U.S. imports from Ethiopia –– Coffee; Returned exports, without change; Men’s or boys’ slacks, suits, not knit; Men’s or boys’ shirts, not knitted or crocheted; and Women’s or girls’ suits, not knit –– accounted for 59.53 percent of all inbound shipments.

Looking more closely at U.S. exports to Ethiopia:

  • Civilian aircraft, parts fell 15.93 percent compared to last year to $229.75 million.
  • Grain sorghum totaled $12.83 million. The previous year, there were no exports in this category.
  • Wheat fell 45.98 percent compared to last year to $12.52 million.
  • Misc. vegetable fats, oils totaled $9.49 million. The previous year, there were no exports in this category.
  • Beans, peas, dried or shelled rose 444.78 percent compared to last year to $7.11 million.

Looking more closely at U.S. imports from Ethiopia:

  • Coffee rose 3.12 percent compared to last year to $62.85 million.
  • Returned exports, without change fell 31.6 percent compared to last year to $31.8 million.
  • Men’s or boys’ slacks, suits, not knit rose 21.13 percent compared to last year to $28.01 million.
  • Men’s or boys’ shirts, not knitted or crocheted fell 10.14 percent compared to last year to $10.82 million.
  • Women’s or girls’ suits, not knit rose 13.26 percent compared to last year to $10.77 million.

In the latest annual figures available, Ethiopia recorded $1.59 billion in trade with the United States. Total U.S. exports to Ethiopia were $ 1.02 billion and imports from Ethiopia were $572.39 million. The U.S. surplus with Ethiopia was $448.6 million.