2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
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About

Spain-Eritrea Trade: In 2022, Spain exported $6.93M to Eritrea. The main products that Spain exported to Eritrea were Nitrogenous Fertilizers ($3.58M), Detonating Fuses ($1.79M), and Prepared Explosives ($1.27M). Over the past 5 years the exports of Spain to Eritrea have increased at an annualized rate of 9.53%, from $4.4M in 2017 to $6.93M in 2022.

In 2022, Spain did not export any services to Eritrea.

Eritrea-Spain Trade: In 2022, Eritrea exported $74k to Spain. The main products that Eritrea exported to Spain were Iron Wire ($73.2k), Textile Footwear ($243), and Electric Motors ($200). Over the past 5 years the exports of Eritrea to Spain have decreased at an annualized rate of 66.8%,  from $18.3M in 2017 to $74k in 2022.

In 2022, Eritrea did not export any services to Spain.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $6.93M to Eritrea. The main products exported from Spain to Eritrea were Nitrogenous Fertilizers ($3.58M), Detonating Fuses ($1.79M), and Prepared Explosives ($1.27M). During the last 5 years the exports of Spain to Eritrea have increased at an annualized rate of 9.53%, from $4.4M in 2017 to $6.93M in 2022.

In 2017, Eritrea exported $74k to Spain. The main products exported from Eritrea to Spain were Iron Wire ($73.2k), Textile Footwear ($243), and Electric Motors ($200). During the last 5 years the exports of Eritrea to Spain have decreased at an annualized rate of 66.8%, from $18.3M in 2022 to $74k in 2017.

Exports from Spain (Flag) to Eritrea (Flag) (2022)

Exports from Eritrea (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Eritrea
Top Destination
China$412M

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

In 2022, countries that imported more from Spain than Eritrea included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Eritrea than from Spain.

Difference in imports from Eritrea (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Eritrea

Flow
Scale

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

During 2022, Spain had a large net trade with Eritrea in the exports of Chemical Products ($6.65M), Metals ($192k), and Machines ($74.2k).

During 2017, Eritrea had a large net trade with Spain in the exports of Metals ($73.2k), Machines ($537), and Footwear and Headwear ($243).

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and Eritrea (Flag) (2022)

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