Flag Eritrea

Product Exports (2018): $486M, Rank 162 of 222

Product Imports (2018): $409M, Rank 185 of 221

Service Exports (2000): $60.9M, Rank 154 of 179

Service Imports (2000): $28.4M, Rank 166 of 176

Overview: In 2018 Eritrea was the number 162 in total exports and the number 185 in total imports. In 2018, Eritrea exported $486M and imported $409M, resulting in a positive trade balance of $76.8M.

Trade: The top exports of Eritrea are Zinc Ore ($245M), Gold ($139M), Copper Ore ($96M), Non-Knit Men's Shirts ($1.76M), and Pepper ($936k). The top imports of Eritrea are Wheat Flours ($53.5M), Raw Sugar ($16M), Rubber Tires ($15.9M), Pasta ($13.8M), and Refined Petroleum ($8.81M).

Destinations: Eritrea exports mostly to China ($290M), United Arab Emirates ($139M), South Korea ($50.1M), Italy ($2.52M), and Egypt ($1.94M), and imports mostly from Egypt ($117M), United Arab Emirates ($79.2M), China ($42.8M), Italy ($20.7M), and Thailand ($17.5M).

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

Product Exports

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Top Export (2018): Zinc Ore, $245M

Top Destination (2018): China, $290M

In 2018 Eritrea exported a total of $486M, making it the number 162 exporter in the world. During the last five reported years the exports of Eritrea have changed by $228M from $258M in 2013 to $486M in 2018.

The most recent exports are led by Zinc Ore ($245M), Gold ($139M), Copper Ore ($96M), Non-Knit Men's Shirts ($1.76M), and Pepper ($936k). The most common destination for the exports of Eritrea are China ($290M), United Arab Emirates ($139M), South Korea ($50.1M), Italy ($2.52M), and Egypt ($1.94M).

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Product Imports

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Top Import (2018): Wheat Flours, $53.5M

Top Origin (2018): Egypt, $117M

In 2018 Eritrea imported $409M, making it the number 185 trade destination in the world. During the last five reported years the imports of Eritrea changed by $15.3M from $393M in 2013 to $409M in 2018.

The most recent imports of Eritrea are led by Wheat Flours ($53.5M), Raw Sugar ($16M), Rubber Tires ($15.9M), Pasta ($13.8M), and Refined Petroleum ($8.81M). The most common import partners for Eritrea are Egypt ($117M), United Arab Emirates ($79.2M), China ($42.8M), Italy ($20.7M), and Thailand ($17.5M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Eritrea. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 (657), Copper Ore (56.6), Gold (17.2), Pepper (9.6), and Non-Knit Men's Shirts (4.52). Specialization is measured using RCA, an index that takes the ratio between Eritrea observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Eritrea according to the product complexity index (PCI) are Men's or boys' shirts (-1.44), Zinc ores and concentrates (-1.56), Cotton yarn not sewing thread >85% cotton, not retail (-1.74), Pepper (Piper), crushed or ground Capsicum, Pimenta (-1.79), and Copper ores and concentrates (-1.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Eritrea according to the relatedness index, are Raw Cotton (0.02), Other Ores (0.019), Tin Ores (0.019), Crude Petroleum (0.017), and Coconuts, Brazil Nuts, and Cashews (0.017). 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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.