• $4.85 billion in imports replaced by local manufacturing in nine months.
• 754 industries entered production under the Made in Ethiopia initiative.
• Manufacturing sector growth rose from 4.8% to over 13%.
• $433 million industrial exports recorded, supporting external market engagement.
• Import substitution reduced pressure on foreign currency reserves.
• Ministry of Industry plans support through finance, raw materials, and energy access.
• Higher energy consumption signals expanding factory output and production capacity.
Why It Matters:
The $4.85 billion import substitution figure signals domestic manufacturing is becoming a material tool in easing Ethiopia’s external balance constraints. If sustained, rising factory output, export growth, and lower import dependence could strengthen FX resilience while supporting industrial-led growth.
Key Numbers:
$4.85 billion import substitution
754 industries in production
4.8% to 13% manufacturing growth
$433 million industrial exports