Indonesia's Exports and Imports to Ethiopia Decreased in 2020

Indonesia's trade balance with Ethiopia showed a surplus of US$14.98 million in 2020. However, this surplus decreased drastically by -5.77% compared to the previous year's balance of US$15.9 million.

This decline in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$39.49 million. This is higher than Indonesia's imports from Ethiopia, which were recorded at US$24.51 million.

Indonesia's exports to Ethiopia have been declining over the past year. The previous year's export value was US$44.02 million.

Imports, according to Trademap data, decreased by 12.82% compared to the previous year, which was recorded at US$28.11 million.

Based on product type, there were 10 main export products from Indonesia to Ethiopia that recorded a surplus during 2020. The total value of these main exports reached US$36.68 million.

Top 10 Indonesian Export Products to Ethiopia

1. (HS 48): Paper and paperboard; articles of pulp, paper or paperboard


2. (HS 55): Man-made staple fibers


3. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, etc.


4. (HS 85): Electrical machinery and equipment and parts thereof; sound or television broadcasting apparatus


5. (HS 29): Organic chemicals


6. (HS 39): Plastics and articles thereof


7. (HS 21): Miscellaneous edible preparations


8. (HS 15): Animal or vegetable fats and oils and their cleavage products; edible fats; animal or vegetable waxes


9. (HS 84): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof


10. (HS 30): Pharmaceutical products

Globally, the trade balance for all goods improved this time due to an increase in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, or a 703.56% increase. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.