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2022
Exports $1.36kWorld Rnk 205 / 214
Flag Rnk 112 / 216
2022
Destination $191 Nigeria
2021 - 2022
FASTEST GROWING MARKET $191United Arab Emirates
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $12.9MWorld Rnk 211 / 225
Flag Rnk 5 / 703
2022
Origin $5.56M United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $5.56MUnited Arab Emirates

About

Exports In 2022, Eritrea exported $1.36k in Refined Petroleum, making it the 205th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 112th most exported product in Eritrea. The main destination of Refined Petroleum exports from Eritrea are: Nigeria ($887), United Arab Emirates ($191), France ($92), Indonesia ($85), and New Zealand ($58).

The fastest growing export markets for Refined Petroleum of Eritrea between 2021 and 2022 were United Arab Emirates ($191), France ($92), and Indonesia ($85).

Imports In 2022, Eritrea imported $12.9M in Refined Petroleum, becoming the 211th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Eritrea. Eritrea imports Refined Petroleum primarily from: United Arab Emirates ($11.5M), Turkey ($596k), Egypt ($508k), Sweden ($231k), and South Africa ($61.8k).

The fastest growing import markets in Refined Petroleum for Eritrea between 2021 and 2022 were United Arab Emirates ($5.56M), France ($25.1k), and South Africa ($8.35k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.36k
IMPORTS (2022)$12.9M
NET TRADE (2022)-$12.9M

In 2022, Eritrea exported $1.36k in Refined Petroleum. The main destinations of Eritrea exports on Refined Petroleum were Nigeria ($887), United Arab Emirates ($191), France ($92), Indonesia ($85), and New Zealand ($58).

In 2022, Eritrea imported $12.9M in Refined Petroleum, mainly from United Arab Emirates ($11.5M), Turkey ($596k), Egypt ($508k), Sweden ($231k), and South Africa ($61.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Eritrea WERE (2021 - 2022):
United Arab Emirates$191 (1%)
France$92 (1%)
Indonesia$85 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Eritrea WERE (2021 - 2022):
Burkina Faso-$21.3k (-100%)
Nigeria-$233 (-20.8%)
New Zealand-$188 (-76.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Eritrea's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Eritrea's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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