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does ethiopia exchange goods within the country or with other countries?
If you would explain in detail that would be great. Thank you!
- Anonymous10 years agoFavorite Answer
Ethiopia exports and imports with other countries.
Ethiopia is one of the few African countries which do not have oil and mineral resources. Ethiopia trade is highly dependent on the export of agricultural productivity. Coffee is the prime export product for Ethiopia. However, recurring drought, political instability and involvement in Eritrean war (1998-2000) has hampered coffee production
Coffee export accounts for approximately 65% of the foreign exchange for the country. As per the 2005 estimates, coffee production engages almost 25% of the working population and contributes 10% to the national production data. In 2007, Ethiopia signed an export partnership deal with Starbucks, the world's largest coffeehouse chain
In the year 2009, Ethiopia's import volume grossed over US $6 billion. Ethiopia trade imports include food, animals, machinery, transport equipments, fuel, cereals, vehicles and textiles. China is the largest import partner for Ethiopia. It accounts for over 16% of the total import volumes, based on 2009 statistics. Saudi Arabia, India, Italy and Japan also have significant share in Ethiopia imports. Owing to heavy import of petroleum products, Ethiopia does not enjoy favorable balance of trade. With the liberalization of trade practices, the country looks poised to achieve higher levels of export.