Date,
Time MSK

30.05.2016



Ethiopian-Russian Bilateral Trade in 2015


In 2015 Ethiopian-Russian bilateral trade volume decreased by 40% and reached 97.7 million USD compared to 164.1 million USD in 2014.


Ethiopian exports to Russia fell to 13.8 million USD (by 46%) while imports fell to 83.8 billion USD (by 39%) (see Figure 1).



Figure 1. 2007-2015 Ethiopian-Russian bilateral trade turnover, million USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Ethiopian-Russian bilateral trade turnover, million USD.png



Ethiopian exports to Russia


Ethiopian primarily exports to Russia the following products (see Figure 2, Table 1):




In 2015 the imports of Ethiopian made products in Russia experienced a significant fall. The imports of oil seed, oleagic fruits, grain, seed, fruit fell by 93%; the imports of live trees, plants, bulbs, roots, cut flowers- by 70%.



Figure 2. Structure of Ethiopian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Ethiopian Exports to Russia in 2015.png



Table 1. Key products exported from Ethiopia to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Ethiopian products

07

Edible vegetables and certain roots and tubers

$15,093

$7,644

-49%

0.5

0

09

Coffee, tea, mate and spices

$9,913

$6,064

-39%

1.1

0

06

Live trees, plants, bulbs, roots, cut flowers etc

$336

$101

-70%

0.3

0

12

Oil seed, oleagic fruits, grain, seed, fruit, etc, nes

$361

$26

-93%

0.00

0

08

Edible fruit, nuts, peel of citrus fruit, melons

$31

$11

-65%

0.00

0



Russian exports to Ethiopia


In 2015 Russia has exported to Ethiopia the following products (see Figure 3, Table 2):




2015 showed a significant rise in Russian exports to Ethiopia of machinery, nuclear reactors, boilers (+1157%). At the same time the exports of articles of iron or steel (-97%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Ethiopia in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Ethiopia in 2015.png



Table 2. Key products exported from Russia to Ethiopia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

10

Cereals

$11,586

$42,730

269%

2.1

31

Fertilizers

$80,461

$25,068

-69%

17

84

Machinery, nuclear reactors, boilers, etc

$308

$3,871

1157%

0

72

Iron and steel

$36,639

$3,037

-92%

4.2

44

Wood and articles of wood, wood charcoal

$1,551

$2,338

51%

1

48

Paper and paperboard, articles of pulp, paper and board

$1,686

$2,245

33%

0.4

22

Beverages, spirits and vinegar

$2,112

$2,150

2%

4.4

87

Vehicles other than railway, tramway

$199

$953

379%

0

47

Pulp of wood, fibrous cellulosic material, waste etc

$0

$563

-

0

85

Electrical, electronic equipment

$102

$255

150%

0

40

Rubber and articles thereof

$230

$132

-43%

0.1

76

Aluminium and articles thereof

$222

$129

-42%

0.1

30

Pharmaceutical products

$78

$93

19%

0

73

Articles of iron or steel

$2,253

$71

-97%

0.2



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Ethiopia. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Ethiopia

GDP in 2014, billion dollars

1,857.461

52.335

GDP in 2015, billion dollars

1,175.996

57.557

Inflation, average consumer prices, %

7.82

6.823

Volume of imported goods, billion dollars

282.6

16.3

Volume of exported goods, billion dollars

492.1

2.7

Population, millions

143.7

92.984


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