Taking over the U.S and China markets, European countries have become the major importers of Ethiopian commodities during the budget year of Ethiopia concluded July 7, 2020. “The Netherlands became the biggest buyer of Ethiopian exports in FY 2019-20, absorbing $308mn or 10 percent of total exports. 1 buyer of Ethiopian exports in recent years,” it said. “Around a quarter of Ethiopia’s total imports, or $3.6bn, are sourced from China, and the share is even larger if looking at just non-oil imports. Other large imports include cereal grains ($843mn, mostly wheat), medicines ($680mn), and fertilizers ($598mn).

Source: News Business Ethiopia September 26, 2020 11:03 UTC