Economy > Trade in goods: Countries Compared
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Author: Suchita Vemuri, Staff Editor
Hi Amber, Ethiopia's <a href=http://www.nationmaster.com/graph/eco_exp_com&int=-1>principal exports</a> are coffee and leather products, its <a href=http://www.nationmaster.com/graph/eco_imp_com&int=-1>imports</a> principally petroleum, machinery and other industrial products. Whereas <a href=http://www.nationmaster.com/graph/eco_imp_of_goo_and_ser_as_of_gdp&int=-1>imports of goods and services</a> constitutes a little over 31% of the country's GDP, <a href=http://www.nationmaster.com/graph/eco_exp_of_goo_and_ser_as_of_gdp&int=-1>exports as a proportion of GDP</a> is less than 16%, leaving a trade deficit, which was more than USD42 million in the <a href=http://www.nationmaster.com/graph/eco_tra_bal_wit_us&int=-1>trade balance with the USA</a> alone, in 2003.
DEFINITION:
Trade in goods (% of GDP). Trade in goods as a share of GDP is the sum of merchandise exports and imports, measured in current U.S. dollars, divided by the value of GDP in U.S. dollars.
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Posted on 20 Apr 2005

Suchita Vemuri, Staff Editor