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China now the largest export market for Ethiopia

Export to China in the first six months of the Ethiopian Fiscal Year 2017-18, which started July 9, accounted for 17.3 per cent of Ethiopia's total export, overtaking Somalia, now accounting for 14.32 per cent.

Ethiopia's largest export destination in 2017 was neighboring Somalia, which imported 269.3 million U.S. dollars' worth of goods accounting for 9.26 per cent of Ethiopia's total exports.

According to the Ethiopia Ministry of Trade (MoT) Ethiopia exported 239.82 million U.S. dollars' worth of goods to China in 2017, accounting for 8.25 per cent of its total exports. The second largest export destination for the East African country. Ethiopia exported about 2.9 billion U.S. dollars’ worth of goods in 2017.

The revenue was earned from the exports of agricultural products, textile and garment, leather products, minerals, flowers and construction materials.

With Chinese firms located in Ethiopian industrial parks tentatively starting to export industrial goods to China. The volume of Ethiopian exports to China is expected to significantly increase in the coming years.

 
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