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Importing to Ethiopia
Ethiopia’s economy is growing rapidly due to increased foreign direct investment. This has further resulted in a rising tech sector and the need for cross-border technology, in which TecEx can step in as the Importer of Record to guarantee the smooth passage of all tech goods through customs.
Tax
Up to 27%
Duties
Up to 30%
Lead Times
3-4 weeks
Restricted Items
Shipment value limits
Best Carrier Option
Freight Forwarder of Courier
Non-Working Days
Saturday, Sunday, and Public Holidays
Prominent Language
Amharic
Importing and Exporting to Ethiopia
Ethiopia, with the third-largest population in Africa, is rapidly growing its economy despite its previously low economic background. The growing population has resulted in a country embroidered in poverty. However, Ethiopia is shifting toward telecommunications with its 10-year development plan addressing poverty and infrastructure development, becoming an emerging player in the African tech space.
Their strategic location in the Horn of Africa allows Ethiopia to access both East and Central Africa, and their partnership in the African Continental Free Trade Agreement (AfCFTA) has led to an increase in regional trade. Moreover, Ethiopia has strong trade connections with the rest of the world, where they import primarily from China, India, and the United States, with machinery, equipment, and vehicles making up the majority of the imported goods.
Population
128.7 milliom
Biggest Industry by Export
Coffee
Capital City
Addis Ababa
Biggest Industry by Import
Machinery
Specialized IOR & EOR Solution for Ethiopia
Importing into Ethiopia can be time-consuming and frustrating. Obtaining foreign exchange in Ethiopia is highly challenging due to foreign exchange shortages, which may lead to delays. TecEx has experience with tech imports into Ethiopia and can deal with this challenge making importing into Ethiopia a hassle-free experience.
Ethiopia also has high import duties and requires various documents needed for importing tech, making importing more challenging. Our extensive knowledge and experience with imports into Ethiopia ensure that all goods can clear through customs most efficiently and seamlessly. The Delivered Duty Paid shipping solution ensures that everything from importer of record services to proof of delivery is dealt with.
Ethiopia’s Unique Pain Points
Various trade pain points exist when dealing with exports and imports into Ethiopia, such as the lack of transparency and poor infrastructure, which make importers hesitant to do business. Furthermore, frequent changes in decision-making and regulations make importers struggle. TecEx has vast experience in this field and can take on all responsibility to minimize stress.
Further, investments within Ethiopia are hindered slightly due to low infrastructure and significant import and transaction costs. The Ethiopian Investment Commission (EIC) and Ethiopian customs are also stringent regarding importing dual-used tech goods, and various permits and trade compliances are required. The Ethiopian customs authority is also strict with the true value declarations, with delays in place if items are valued incorrectly. This is where TecEx can come in. With our extensive knowledge, we can ensure that goods are valued correctly, limiting all delays.
Countries Associated with Ethiopia
Asia
India
North America
United States of America (USA)
Specific Compliance Regulations for Ethiopia
A bank permit
After the foreign currency has been approved, a bank permit must be obtained for imports into Ethiopia. Approving foreign currency in Ethiopia is challenging, but TecEx’s expertise can take care of this process for you.
Bill of Lading
A bill of lading is the receipt of goods needed for imports into Ethiopia. Hence, a contract between the buyer and seller is necessary.
Certificate of Origin
A certificate of origin is needed when importing into Ethiopia. This provides a record of where goods were originally produced and manufactured.
Commercial Invoice
This is a crucial document needed for imports into Ethiopia. Ethiopian customs use it to evaluate import duties and taxes.
Tax Identification Number (TIN) Certificate
The Tax Identification Number certificate is a unique number given to all businesses importing into Ethiopia by the tax authorities.
Foreign Exchange Authorization
This is given by the National Bank of Ethiopia and is used as the legal document for exchanging foreign currencies to pay for imported goods; this is to ensure transparency. Getting this authorization is challenging due to the strict measures in place; however, TecEx is able to act as the Importer of Record and take over the responsibility.
Your global trade solution for Ethiopia
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