Market Brief on Ethiopia

Transcription

1 Market Brief on Ethiopia July 2017 Location Facts and Figures Ethiopia, a landlocked, mountainous country in north-eastern Africa in the Horn of Africa. It is bordered by Djibouti, Eritrea, Kenya, Somalia, and Sudan. Cities and Population City Population 2,757,729 Dire Dawa 252,279 Mek elē 215,546 Nazrēt 213,995 Bahir Dar 168,899 Gonder 153,914 Dessie 136,056 Awasa 133,097 Jīma 128,306 Bishoftu 104,215 Total Population 96,958,732 Area Time Zone Capital City International Telephone Code Currency Exchange Rate (11/07/17) GDP GDP per capita GDP Growth Rate (2017) Ease of Doing Business Ranking (World Bank 2017) Inflation Rate Official Language(s) Languages Business Hours Banking Hours Literacy Rate (2016) Measures Important International Participation 1,104,300 km² UTC Ethiopian Birr (ETB) 1 US$ = ETB US$ 76.9 billion US$ out of Amarigna, English Oromigna, Tigrigna 0800 hrs-1700 hrs Lunch hrs hrs (weekdays) hrs (Sat) 49.1% Metric System UN, AU, ACP, COMESA, WTO, AfDB

2 Na US$'000 Ethiopia Trade with the World 20,000,000 15,000,000 10,000,000 5,000, ,000,000-10,000,000-15,000,000-20,000, Exports (US$'000) 2,741,298 2,591,042 2,977,916 2,697,080 2,615,931 Imports (US$'000) 11,659,258 10,955,385 14,718,276 16,282,654 16,408,484 Trade Bal (US$'000) (8,917,960) (8,364,343) (11,740,360) (13,585,574) (13,792,553) Major import sources of Ethiopia (2016) Major export destinations of Ethiopia (2016) 1 31% 3 10% 8% 10% 6% China USA India Italy Japan Turkey China Somalia Saudi Arabia Netherlands USA Germany Kuwait Sweden UAE Switzerland Djibouti UAE Saudi Arabia Japan

3 US$'000 Major import products of Ethiopia (2016) Major export products of Ethiopia (2016) 16% 1% 6% 1% 11% 8% 9% 6% 9% 20% 20% Machinery (Turbojets) Electrical machinery (Storage devises, Telephone sets) Petroleum oils and oils Vehicles Cereals Iron and steel Articles of iron or steel Pharmaceutical products Plastics and articles thereof Palm oil Coffee Fresh chilled vegetables Sesamum seeds & other seeds Cut flowers Gold Fresh, chilled or frozen meat of goats Live animals (Cattle, goats, sheep) Raw hides and skins & leather Footwear, Apparel and clothing accessories Zimbabwe-Ethiopia Trade ( ) Exports (US$'000) Imports (US$'000) Trade Bal (US$'000) (204) (156) (231) (174) (61)

4 Zimbabwe s major exports to Ethiopia (2016) Zimbabwe's Zimbabwe's exports Ethiopia's exports to to Ethiopia-Annual imports from Ethiopia-Value in growth in value World-Value in 2016, (US$ 000) between , 2016, (US$ 000) %, p.a. Dried, shelled peas ,997 Clothing and clothing accessories 7-38 Dried, shelled leguminous vegetables Zimbabwe products with export potential to Ethiopia Zimbabwe's imports from Ethiopia (2016) Wire Cables Seeds (maize & vegetables) Cigarettes of tobacco Pharmaceuticals Ball point pens Fresh chilled vegetables 1% 8 Leather Automatic data-processing machines Live plants Vehicles Articles of apparel and clothing

5 Useful Addresses Preferential Trade Arrangements Embassy of the Federal Democratic Republic of Ethiopia 14 Lanark Road Belgravia P. O. Box 2745 Harare Tel: Fax: ethioembassy@comone.co.zw Embassy of the Republic of Zimbabwe House No. 007, Kebele 19 P. O. Box 5624 Tel: /7; Fax: zimaddisababa@zimfa.gov.zw Ethiopian Chamber of Commerce and Sectorial Association P.O. Box 517 Mexico Square Tel: ethchamb@ethionet.et Website: Ethiopian Investment Commission P.O. Box 2313 Tel: Fax: ethioinvest@investethiopia.gov.et Website: COMESA Free Trade Area The Common Market for Eastern and Southern Africa (COMESA) is a regional integration grouping of African States which have agreed to promote regional integration through trade development and to develop their natural and human resources for the mutual benefit of all their peoples. COMESA Member States established a Free Trade Area (FTA) on 31 October Fourteen States (Burundi, Comoros, Djibouti, Egypt, Kenya, Libya, Madagascar, Malawi, Ethiopia, Rwanda, Sudan, Seychelles, Zambia and Zimbabwe) are participating in the Free Trade Area. For more information on trading under COMESA FTA refer to ZimTrade s Guide to Zimbabwe s Trade Agreements. Zimbabwes-Trade-Agreements.pdf Travelling to Ethiopia Zimbabwe nationals must apply for a visa in person at the Ethiopian Embassy. Visitors who stay for more than 30 days must report to the Ethiopia Immigration Department to obtain an identity card. There are daily direct flight(s) from Harare to Addis Ababa and there is an option to connect through Nairobi (Kenya). For more information, please contact us info@zimtrade.co.zw Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to