Ethiopia located in east Africa is principally an agricultural economy with 46 percent of GDP (gross domestic product) coming from this sector.
Of late, this African nation has been successful in attracting foreign direct investment in commercial farming, leather, and textiles. Ethiopia sourcing necessitates proper understanding of Government involvement as the country follows a state designed growth program.
Agriculture clearly dominates Ethiopian economy, followed by services sector which accounts for nearly 39 percent of GDP. Industry accounts for about 14 percent of GDP.
Worth knowing about Ethiopia
Items of Export
Ethiopia is a notable exporter of coffee, oilseeds, tea, cattle, sheep, goat, and leather items. Gold is a significant export earner for this nation. This country in 2012 achieved exports worth US $3 billion. China, Saudi Arabia, United States, Germany, Italy, and Belgium are the principal export destinations. Imports of this nation mainly come from United States, China, India, and Saudi Arabia.
Resources and Industries
Farm products produced in Ethiopia are meant for both local consumption and exports. The notable cash crops include cotton, sugarcane, oilseeds, flowers, coffee and tea. Cereals, pulses, and potatoes are the primary food crops cultivated here. Cattle rearing and fish farming are other noteworthy primary activities of this country. Mineral resource of this country includes copper, gold, platinum, natural gas and potash. All of these minerals are extracted in considerable quantities and have significant trading benefits.
Industries in Ethiopia are predominantly based on agriculture. Food processing and beverages are the chief manufacturing activities based on farm products. Leather goods, textiles, cement and metal processing are other prominent industries of this nation.
For more details about Ethiopia sourcing, please contact us.
Frequently Asked Questions
Below are answers to the most frequently asked questions. Please feel free to contact us. Use our contact form or arrange a callback with a consultant.
What kind of products & services do you source?
We can source any product or service from commodity to customised. Check our Category Expertise section to see the range.
What kind of businesses do you work with?
We work with small to multi-national companies that are looking to procure goods and services from emerging markets for export or to support their local operations.
Do you have preferred relationships with suppliers?
We are supplier independent, we never take commissions from suppliers, and we conduct our procurement on an objective and documented basis.
How long does it take to quantify the potential value opportunity?
From initial brief to quantifying the potential value opportunity, takes between a few days for categories we know well to 2 months for new categories.
How long does it take to fully qualify a new supplier?
To qualify a new supplier that has been identified as offering potential value, takes between a few weeks for simple off-the-shelf products to several months for complex custom engineered products.