Macro Analysis /

Ethiopia's recent trade performance

  • Exports hit $4.1bn in 2021-22, up 14% and driven by coffee, gold, and flowers; growth mostly reflected price effects

  • Imports reached a historic high of $18bn, with fuel, fertilizers, and food making up the top three commodities

  • Gross FX inflows rose to $23bn, but reserves still fell due to the increased import bill and high debt service dues

Cepheus Capital Research
29 August 2022


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