Ethiopian New Year celebrations hosted by Ambassador H.E. Mr. Demeke Atnafu Ambulo

Sept 12, 2023

ChamberINDIA joins the people of Ethiopia in celebrating Enkutatash - the Ethiopian New Year.

President and CEO of ChamberINDIA Mr. Abhinav Balyan greeted the Ambassador H.E. Mr. Demeke Atnafu Ambulo at the celebrations hosted by the Embassy of Ethiopia in New Delhi.

Historical linkages between India and Ethiopia go back about 2,000 years of recorded history. Trade between the two countries flourished during the ancient Axumite Empire (1 Century AD), which is seen to be origin of modern Ethiopia.

India is the second largest trading partner for Ethiopia, accounting for 10.2% of Ethiopia’s global trade. Bilateral trade between Ethiopia and India stood at USD 1.8 billion in 2021, out of which Ethiopia’s exports were about USD 75.13 million. In 2020, bilateral trade between Ethiopia and India was USD1.14 billion, out of which India’s exports to Ethiopia were USD 1.08 billion and imports were USD 56.55 million.

Exports from India mainly include primary and semi-finished iron and steel products, drugs and pharmaceuticals, machinery and instruments, manufactures of metal, etc. Major imports by India from Ethiopia were: pulses, precious and semi-precious stones, vegetables & seeds, leather and spices.