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Pricing

2022
Flag → Flag
Exports $74kRnk 16 / 75
2022
Flag → Flag
Top Product $73.2kIron Wire
2022
Flag → Flag
Exports $6.93MRnk 169 / 218
2022
Flag → Flag
Top Product $3.58MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

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 6 years the exports of Eritrea to Spain have decreased at an annualized rate of 18.4%, from $250k in 2016 to $74k in 2022.

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

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 6 years the exports of Spain to Eritrea have increased at an annualized rate of 9.53%,  from $4.4M in 2016 to $6.93M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 6 years the exports of Eritrea to Spain have decreased at an annualized rate of 18.4%, from $250k in 2016 to $74k in 2022.

In 2017, 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 2022 to $6.93M in 2017.

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

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

Latest Data

Trade between Eritrea (Flag) and Spain (Flag)

Spain Exports

Market Competitiveness

Color
Eritrea
Top DestinationChina$412M
Spain
Top DestinationFrance$65.2B

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

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

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

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

Comparative Advantage Eritrea - Spain

Flow
Scale

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

During 2022, Eritrea had a large net trade with Spain in the exports of Metals ($73.2k), Machines ($537), and Footwear and Headwear ($243).

During 2017, Spain had a large net trade with Eritrea in the exports of Chemical Products ($6.65M), Metals ($192k), and Machines ($74.2k).

Economic Complexity

Competitive Landscape

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

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

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