Flag Eritrea

Overview In 2020 Eritrea was the number 165 economy in the world in terms of total exports and the number 189 in total imports.

Exports The top exports of Eritrea are Gold ($265M), Copper Ore ($172M), Zinc Ore ($153M), Silver ($1.13M), and Non-Knit Men's Shirts ($1.13M), exporting mostly to United Arab Emirates ($266M), China ($264M), South Korea ($45.6M), Malaysia ($14.8M), and Italy ($1.58M).

Imports The top imports of Eritrea are Wheat Flours ($39.5M), Delivery Trucks ($17.2M), Sorghum ($15M), Rubber Tires ($12M), and Raw Sugar ($9.52M), importing mostly from Egypt ($78.4M), United Arab Emirates ($77.4M), China ($70.5M), Italy ($30.1M), and United States ($18M).

Location Eritrea borders Djibouti, Sudan, and Ethiopia by land and Saudi Arabia and Yemen by sea.

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The following section uses the most recent trade data from partners of Eritrea.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Gold, $265M

Top Destination (2020): United Arab Emirates, $78.4M

In 2020, Eritrea exported a total of $596M, making it the number 165 exporter in the world. During the last five reported years the exports of Eritrea have changed by $155M from $441M in 2015 to $596M in 2020.

The most recent exports are led by Gold ($265M), Copper Ore ($172M), Zinc Ore ($153M), Silver ($1.13M), and Non-Knit Men's Shirts ($1.13M). The most common destination for the exports of Eritrea are United Arab Emirates ($266M), China ($264M), South Korea ($45.6M), Malaysia ($14.8M), and Italy ($1.58M).

Explore Visualizations

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Eritrea Exports Services (2000): $60.9M

Eritrea Imports Services (2000): $28.4M

In 2000, Eritrea exported $60.9M worth of services. The top services exported by Eritrea in 2000 were Travel ($34.7M), Transportation ($9.85M), Communications services ($8.21M), Government services, n.i.e. ($6.79M), and Other business services ($624k).

The top services imported by Eritrea in 2000 were Travel ($11.7M), Transportation ($6.52M), Government services, n.i.e. ($4.79M), Other business services ($3.89M), and Communications services ($626k).

Economic Complexity

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Most Specialized Products by RCA Index

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Eritrea has a high level of specialization in Zinc Ore (543), Copper Ore (78), Gold (17.6), Non-Knit Men's Shirts (3.13), and Tobacco Processing Machines (2.24). Specialization is measured using RCA, an index that takes the ratio between Eritrea observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Eritrea according to the relatedness index, are Cocoa Beans (0.018), Niobium, Tantalum, Vanadium and Zirconium Ore (0.017), Tin Ores (0.017), Aluminium Ore (0.016), and Precious Metal Ore (0.016). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Eritrea is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Eritrea. These are products that tend to be co-exported with the products that Eritrea exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.