Ethiopia primarily exports coffee, leather, and leather products to the United States. The vast majority of Ethiopia’s imports come from Asia (62.3%) followed by Europe (21.4%), the United States (10%), and other countries in Africa (6.2%). Imports from China accounted for 26% of Ethiopia’s total foreign supplies.
What can I import into Ethiopia?
Also shown is the percentage share each product category represents in terms of overall imports into Ethiopia.
- Machinery including computers: US$1.8 billion (13% of total imports)
- Mineral fuels including oil: $1.7 billion (12.2%)
- Electrical machinery, equipment: $1.1 billion (7.7%)
- Vehicles: $1 billion (7.3%)
Which documents are required for import?
List of Documents required for Imports Customs Clearance
- Bill of Entry.
- Commercial Invoice.
- Bill of Lading or Airway Bill.
- Import License.
- Certificate of Insurance.
- Letter of Credit or LC.
- Technical Write-up or Literature (Only required for specific goods)
- Industrial License (for specific goods)
How can I get import license in Ethiopia?
To obtain an import license you need to have;
Two passport size photographs taken within the last six months; If the applicant is a foreign investor, the investment and residence permits; and. A valid commercial registration certificate.
Who is the famous person in Ethiopia?
1 Haile Selassie. Haile Selassie, served his country, Ethiopia, as its regent from 1916 to 1930 and as its emperor from 1930 to 1974. He introduced the first Ethiopian constitution, abolished slavery, chaired the Organisation of African Unity, and helped Ethiopia enter the UN.
What products are made in Ethiopia?
At present, the major export products of Ethiopia include coffee, livestock products (leather, live animals and meat), oil seeds and pulses, fruits, vegetables and flowers, textiles, natural gum, spices and mineral products.
What is the process of import?
Typically, the procedure for import and export activities involves ensuring licensing and compliance before the shipping of goods, arranging for transport and warehousing after the unloading of goods, and getting customs clearance as well as paying taxes before the release of goods.
Which document is not required for import?
An import transaction involves various documents, such as a bill of lading, certificate of origin, and shipment advice. However, a shipping bill is not required for an import transaction—it is a document required in connection with an export transaction.
How do I make an import payment?
Methods of Payments in Import.
- Consignment Purchase.
- Cash-in-Advance (Pre-Payment)
- Down Payment.
- Open Account.
- Documentary Collections.
- Letter of Credit.
What are Ethiopia’s main industries?
Ethiopia’s major industries include agriculture, construction, manufacturing, resources and energy, tourism, and food processing.
Why Ethiopia is not developed?
A lack of infrastructure and basic services, such as safe drinking water, education and healthcare, contribute to Ethiopia’s poverty as well. Malaria, HIV and other diseases often kill Ethiopia’s young residents who provide for their families.
What is custom duty in Ethiopia?
The rate of customs duty ranges from 0% to 35% with an average rate of 17 percent. In recent years, Ethiopia has reduced customs duties on a wide range of imports, including the removal of tariffs on agricultural equipment, but duties still remain high on certain items, such as vehicles.
What is surtax in Ethiopia?
The surtax is a flat tax of 10 percent on all imports, unless otherwise exempted. The withholding tax is a flat tax of three percent on the CIF price of all imports, unless otherwise exempted.