Addis Ababa, October 28, 2025 (FMC) — Ethiopia’s export of goods reached 8.3 billion USD, surpassing service exports, which stood at 8.1 billion USD, for the first time in the country’s history, Prime Minister Abiy Ahmed (PhD) announced during the ongoing session of the House of People’s Representatives today.
While expounding on broader economic matters, PM Abiy said the milestone reflects the rapid growth of the agriculture, manufacturing, and industrial sectors under the Homegrown Economic Reform (HGER) agenda.
He emphasized that this shift underscores Ethiopia’s transition from a service-led economy to a more diversified and goods-driven economic structure.
The Prime Minister also highlighted that remittances generated 7.4 billion USD in the past fiscal year, while import substitution initiatives saved the country billions of dollars, strengthening foreign currency reserves.
Ethiopia’s agriculture sector recorded 7.3 percent growth, with rice production increasing from 16 million to 63 million quintals and wheat output rising from 48 million to 280 million quintals in the 2024/25 fiscal year. Industry grew 13 percent, contributing 3.7 percent of total GDP, driven largely by the manufacturing and mining sectors.
PM Abiy stressed that while the current growth is a historic achievement, the government is committed to sustaining economic reforms, improving competitiveness, and ensuring long-term inclusive growth across all sectors.
He noted that these results not only demonstrate Ethiopia’s economic resilience but also serve as a model for other African countries pursuing industrialization and economic diversification.