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2023
Flag → Flag
Exports $1.01kRnk 60 / 74
2023
Flag → Flag
Top Product $664Non-Knit Women's Shirts
2023
Flag → Flag
Exports $608kRnk 171 / 206
2023
Flag → Flag
Top Product $320kX-Ray Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Eritrea-Finland Trade: In 2023, Eritrea exported $1.01k to Finland. The main products that Eritrea exported to Finland were Non-Knit Women's Shirts ($664) and Non-Knit Women's Suits ($341). Over the past 7 years the exports of Eritrea to Finland have decreased at an annualized rate of 26.5%, from $8.67k in 2016 to $1.01k in 2023.

In 2023, Eritrea did not export any services to Finland.

Finland-Eritrea Trade: In 2023, Finland exported $608k to Eritrea. The main products that Finland exported to Eritrea were X-Ray Equipment ($320k), Other Construction Vehicles ($282k), and Excavation Machinery ($5.23k). Over the past 7 years the exports of Finland to Eritrea have increased at an annualized rate of 18.9%,  from $256k in 2016 to $608k in 2023.

In 2023, Finland did not export any services to Eritrea.

Comparison In 2023,  Eritrea ranked 169 in total exports ($529M), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Eritrea exported $1.01k to Finland. The main products exported from Eritrea to Finland were Non-Knit Women's Shirts ($664) and Non-Knit Women's Suits ($341). During the last 7 years the exports of Eritrea to Finland have decreased at an annualized rate of 26.5%, from $8.67k in 2016 to $1.01k in 2023.

In 2018, Finland exported $608k to Eritrea. The main products exported from Finland to Eritrea were X-Ray Equipment ($320k), Other Construction Vehicles ($282k), and Excavation Machinery ($5.23k). During the last 5 years the exports of Finland to Eritrea have increased at an annualized rate of 18.9%, from $256k in 2023 to $608k in 2018.

Exports from Eritrea (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to Eritrea (Flag) (2023)

Latest Data

Trade between Eritrea (Flag) and Finland (Flag)

Finland Exports

Market Competitiveness

Color
Eritrea
Top DestinationChina$355M
Finland
Top DestinationUnited States$9.68B

This map shows whether countries import more from Eritrea or Finland. Each country is colored based on the difference in imports they receive from Eritrea and Finland or the difference in the growth in imports.

In 2023, no countries were registered that imported more from Eritrea than from Finland.

In 2023, countries that imported more from Finland than Eritrea included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

Difference in imports from Finland (Flag) and Eritrea (Flag) (2023)

Comparative Advantage Eritrea - Finland

Flow
Scale

This chart compares trade between Eritrea and Finland by product, considering products traded by both, Eritrea and Finland.

During 2023, Eritrea had a large net trade with Finland in the exports of Textiles ($1.01k).

During 2018, Finland had a large net trade with Eritrea in the exports of Instruments ($320k), Machines ($288k), and Metals ($1.02k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Eritrea and Finland. This means that a dot/product with the flag of Eritrea indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Eritrea.

Product Space of Eritrea (Flag) and Finland (Flag) (2023)

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