Ethiopia's goods exports (current US$, BoP) was US$5.58 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 63.28% from US$3.42 billion in 2014 (5.03% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$5.58 billion | 2024 |
| Five years earlier | US$2.75 billion | 2019 |
| Ten years earlier | US$3.42 billion | 2014 |
| Highest | US$5.58 billion | 2024 |
| Lowest | US$167.63 million | 1991 |
| Average since 2015 | US$3.44 billion | 2015–2024 |
| First recorded | US$333.29 million |
What the numbers say
In 2024, Ethiopia's goods exports (current US$, BoP) rose 60.9% on 2023 (from US$3.47 billion to US$5.58 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +11.9% and a typical year strayed about 22.2% from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 87.1% in 1994 and the biggest yearly fall was 42.6% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$226.93 million a year. A straight line explains 61% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Ethiopia had the 10th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Ethiopia | US$5.58 billion | 2024 |
| World | US$25.48 trillion | 2025 |
| Sub-Saharan Africa | US$484.47 billion | 2025 |
| Low income | US$116.29 billion | 2024 |
Closest to Ethiopia in the 2024 ranking
- Nicaragua — 7th of 29: US$6.84 billion
- Cameroon — 8th of 29: US$6.79 billion
- Burkina Faso — 9th of 29: US$6.12 billion
- Mali — 11th of 29: US$5.48 billion
- Kyrgyz Republic — 12th of 29: US$5.14 billion
- Namibia — 13th of 29: US$4.67 billion
What this measures
Exports of goods occur when there are changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 48 values
| Year | Goods exports (current US$, BoP) |
|---|---|
| 2024 | 5,581,453,417 |
| 2023 | 3,469,616,199 |
| 2022 | 3,969,724,083 |
| 2021 | 3,929,967,919 |
| 2020 | 3,252,826,739 |
| 2019 | 2,745,929,327 |
| 2018 | 2,705,000,196 |
| 2017 | 3,030,123,288 |
| 2016 | 2,810,825,746 |
| 2015 | 2,920,026,146 |
| 2014 |
Goods exports (current US$, BoP) in nearby economies
- Angola — US$30.62 billion (2025)
- Benin — US$4.05 billion (2023)
- Botswana — US$5.53 billion (2025)
- Burkina Faso — US$6.12 billion (2024)
- Burundi — US$406.91 million (2025)
- Cabo Verde — US$344.22 million (2025)
- Cameroon — US$6.79 billion (2024)
- Comoros — US$32.07 million (2023)
- Congo, Dem. Rep. — US$35.87 billion (2025)
- Congo, Rep. — US$7.51 billion (2021)
- Côte d'Ivoire
More economic policy & debt data for Ethiopia
- GDP (current US$) — US$126.36 billion (2025)
- GDP (current LCU) — 15.09 trillion (2025)
- GDP per capita (current US$) — US$932.73 (2025)
- GDP per capita (current LCU) — 111,421 (2025)
- GNI (current US$) — US$126.14 billion (2025)
- GNI (current LCU) — 15.07 trillion (2025)
- GNI per capita (current LCU) — 111,231 (2025)
- Total reserves, including gold (current US$) — US$3.78 billion (2024)
- Total reserves, excluding gold (current US$) — US$3.78 billion (2024)
- GDP (constant 2015 US$) — US$128.07 billion (2025)
- GDP (constant LCU)
Reading data like this
Questions people ask
- What is Ethiopia's goods exports (current US$, BoP)?
- US$5.58 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 1,575% from US$333.29 million in 1977 (6.18% a year on average, compounded). The highest value was US$5.58 billion in 2024 and the lowest US$167.63 million in 1991.
- How does Ethiopia rank?
- 10th highest of 29 economies with data for 2024.
- Is the latest change in goods exports (current US$, BoP) unusual for Ethiopia?
- In 2024, Ethiopia's goods exports (current US$, BoP) rose 60.9% on 2023 (from US$3.47 billion to US$5.58 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +11.9% and a typical year strayed about 22.2% from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BX.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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