Ethiopia to Export Soybean Meal to China, Focusing on Quality and Standards
Ethiopia's Ministry of Trade and Regional Integration announced plans to export soybean meal, a by-product of soybean oil extraction, to the Chinese market. This move comes as part of an agreement between Ethiopia and China, with the former set to supply high-quality soybean products that meet China's phytosanitary standards. The export decision is seen as a significant development, given the strong trading ties between the two countries, with Ethiopia already being one of China's largest recipients of agricultural products. The agreement aims to boost trade relations and provide Ethiopia with a stable market for its soybean products.
Key Takeaways:
- Ethiopia plans to export soybean meal, a by-product of soybean oil extraction, to the Chinese market, in line with an agreement between the two countries.
- The soybean meal will meet China's phytosanitary standards and be free from pests, ensuring high-quality exports.
- China is Ethiopia's main agricultural export destination, with the two countries having strong trade ties and significant trade interests.
- In 2024, Ethiopia exported over 29,400 tonnes of soybeans to China, earning approximately 18 million U.S. dollars.
- The deal is a result of Ethiopia's efforts to find new market options for its soybean products, with China being a key trading partner.
- The agreement aims to provide Ethiopia with a stable market for its soybean exports and boost trade relations between the two countries.
- The Ethiopian government has committed to exporting soybean products in a quality, standard, and competitive manner.
Statistics:
- 29,400 tonnes: Amount of soybeans exported by Ethiopia to China in 2024.
- 18 million U.S. dollars: Earnings from the export of soybeans to China in 2024.
- July 8, 2025: Date at which the new fiscal year began in Ethiopia, signaling the start of new exports to China.
Sources:
- Xinhua via COMTEX, July 8, 2025.