Ethiopia recorded a trade deficit of 2879 USD Million in the first quarter of 2019. Balance of Trade in Ethiopia averaged -2329.83 USD Million from 2006 until 2019, reaching an all time high of -956.70 USD Million in the second quarter of 2007 and a record low of -3852.10 USD Million in the fourth quarter of 2018.
Balance of Trade in Ethiopia is expected to be -2920.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ethiopia to stand at -2950.00 in 12 months time. In the long-term, the Ethiopia Balance of Trade is projected to trend around -3900.00 USD Million in 2020, according to our econometric models.