Ethiopian Informer
ADDIS ABABA (EI) — The Ethiopian government saved more than 5.9 billion US dollars through import substitution during the recently concluded fiscal year.
The Ethiopian Ministry of Industry said in a statement that the country saved 5.97 billion US dollars by replacing imported products with locally produced commodities during the 2025/26 fiscal year, which ended on July 7.
Data from the ministry showed that the reported achievement exceeded the initial target that was set for the fiscal year, which was said to be 5.69 billion US dollars.
The 5.97 billion US dollars saved through import substitution last year also marked a 32.7 percent rise compared to the 4.5 billion US dollars saved in the previous budget year, according to the ministry.
The ministry, in its annual performance report for the industrial sector, also disclosed that Ethiopia exported 203,586 tonnes of industrial goods over the past year, generating 484 million US dollars in revenue.
It further announced plans to raise the domestic market share of local industrial products to 49 percent during the current 2026/27 fiscal year, which began on July 8, as a key objective aimed at reducing the country’s heavy reliance on imports.It stressed that these efforts align with the Ethiopian government’s ten-year development plan (2021–2030), which seeks to boost local production of critical industrial goods, including cement, sugar, textiles, and motor vehicles.
