According to resources, the total export to Ethiopia from India reached an estimated revenue of more than $472 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
| Value in $Million | 2020-2021 | 2021-2022(Apr-Nov) |
| India Export to Ethiopia | 684M | 472M |
| India Import from Ethiopia | 32M | 50M |
| Total Trade | 716M | 522M |
Pharmaceuticals, Machinery, and Vehicles are the major exported products from India to Ethiopia at the present moment.
The E-commerce market in Ethiopia is also rising with a good growth rate and the Internet penetration rate in Ethiopia has reached 20% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Ethiopian market whether through offline channels or online selling platforms & marketplaces in Ethiopia.
Useful resources