In recent years, trade between Russia and Ethiopia has shown steady and confident growth a sign of deepening bilateral ties and emerging strategic alignment.
📈 Key Trends:
- In 2021, total trade volume reached $225 million, with $194M from Russian exports and $31M from Ethiopian imports.
- In the first 10 months of 2024, trade grew by nearly +40% compared to 2023.
- The agricultural sector dominates, accounting for over 89% of total trade.
☕ Top Ethiopian Exports to Russia:
- Coffee and tea
- Vegetables and root crops
- Oilseeds and seeds
🚜 Top Russian Exports to Ethiopia:
- Grains and fertilizers
- Agricultural machinery
- Mineral fuels and refined products
💬 Interesting Fact:
Russia and Ethiopia are exploring settlement in national currencies rubles and birr to enhance financial independence and resilience in bilateral trade.
🌺 Cooperation Opportunities:
- Energy (including nuclear technologies)
- Higher education and scholarships
- Engineering and automotive assembly
- Mineral resource development
Ethiopia is emerging as a strategic partner for Russia in Africa and the potential for collaboration is just beginning to unfold.
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