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Pricing

2022
Product
Exports | Imports $789M | $441M163 of 226 |  195 of 226
2022
Per Capita Product
Exports | Imports $214 | $120186 of 219 |  211 of 219

About

Overview In 2022 Eritrea was the number 163 economy in the world in terms of total exports and the number 195 in total imports.

Exports The top exports of Eritrea are Zinc Ore ($310M), Gold ($263M), Copper Ore ($192M), Wheat ($14.9M), and Non-Knit Women's Suits ($4.08M), exporting mostly to China ($412M), United Arab Emirates ($263M), South Korea ($74.3M), Japan ($15.5M), and Madagascar ($14.9M).

Imports The top imports of Eritrea are Other Sea Vessels ($29.3M), Sorghum ($27M), Wheat Flours ($22.7M), Other Edible Preparations ($15.4M), and Refined Petroleum ($12.9M), importing mostly from China ($148M), United Arab Emirates ($114M), Turkey ($53.7M), United States ($31.5M), and India ($17.5M).

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

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

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

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Zinc Ore$310M
Top Destination (2022)China$412M

In 2022, Eritrea exported a total of $789M, making it the number 163 exporter in the world. During the last five reported years the exports of Eritrea have changed by $380M from $409M in 2017 to $789M in 2022.

The most recent exports are led by Zinc Ore ($310M), Gold ($263M), Copper Ore ($192M), Wheat ($14.9M), and Non-Knit Women's Suits ($4.08M). The most common destination for the exports of Eritrea are China ($412M), United Arab Emirates ($263M), South Korea ($74.3M), Japan ($15.5M), and Madagascar ($14.9M).

Explore Visualizations

Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
United Arab Emirates$93.8M (+ 55.6%)
China$56.9M (+ 16%)
Japan$15.4M (+ 27k%)
Fastest Growing Import Markets (2021 - 2022)
China$79.5M (+ 116%)
Turkey$30.1M (+ 127%)
United States$12.9M (+ 69.5%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

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).

Service Exports (2000)

Service Imports (2000)

Economic Complexity

Most Specialized Products by RCA Index

Eritrea has a high level of specialization in Zinc Ore (657), Copper Ore (64), Non-Knit Men's Undergarments (20.3), Gold (16.5), and Wheat (6.11). 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

The highest complexity exports of Eritrea according to the product complexity index (PCI) are Wheat and meslin (-0.29), Suits, ensembles, jackets, dresses, skirts, divided skirts, trousers, bib and brace overalls,... (-1.16), Shirts; men's or boys' (not knitted or crocheted) (-1.32), Singlets and other vests, underpants, briefs, night-shirts, pyjamas, bathrobes, dressing gowns and... (-1.38), and Zinc ores and concentrates (-1.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Eritrea according to the relatedness index, were Precious Metal Ore (0.015), Knit Men's Shirts (0.014), Non-Knit Men's Suits (0.014), Knit Women's Suits (0.013), and Knit Women's Shirts (0.013). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Eritrea is not specialized in.

Product Space

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

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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Depth

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.

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