India / Ethiopia

Overview In January 2024, India exported $45.7M and imported $5.08M from Ethiopia, resulting in a positive trade balance of $40.6M. Between January 2023 and January 2024 the exports of India have increased by $3.85M (9.2%) from $41.8M to $45.7M, while imports decreased by $-1.2M (-19.1%) from $6.29M to $5.08M.

Trade In January 2024, the top exports of India to Ethiopia were Drug Formulations, Biologicals ($13.8M), Motor Vehicle/Cars ($2.14M), Indl. Machnry For Dairy Etc ($2.05M), Processed Fruits And Juices ($2.05M), and Surgicals ($1.91M). In January 2024 the top imports of India from Ethiopia were Other Oil Seeds ($1.91M), Pulses ($1.79M), Indl. Machnry For Dairy Etc ($1.05M), Oth Txtl Yrn, Fbric Mdup Artcl ($780k), and Oil Meals ($255k).

Growth In January 2024, the increase in India's year-by-year exports to Ethiopia was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($2.92M or 26.9%), Surgicals ($1.58M or 480%), and Motor Vehicle/Cars ($1.44M or 204%). In January 2024, the decrease in India's year-by-year imports  from Ethiopia was explained primarily by an decrease in product imports  in Finished Leather ($-164k or -72.8%), Other Commodities ($-64.7k or -99.7%), and Pearl, Precs, Semiprecs Stones ($-2k or -3.2%).