Eritrea (ERI) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Eritrea-Finland Trade: In 2021, Eritrea exported $2.16k to Finland. The main products that Eritrea exported to Finland were N/A. Over the past 6 years the exports of Eritrea to Finland have increased at an annualized rate of 23.8%, from $598 in 2015 to $2.16k in 2021.

In 2021, Eritrea did not export any services to Finland.

Finland-Eritrea Trade: In 2021, Finland exported $1.08M to Eritrea. The main products that Finland exported to Eritrea were Lifting Machinery ($1.02M), Stone Processing Machines ($33.3k), and Refrigerators ($27.5k). Over the past 6 years the exports of Finland to Eritrea have decreased at an annualized rate of 13.9%, from $2.3M in 2015 to $1.08M in 2021.

In 2021, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Eritrea exported $2.16k to Finland. There were not main exports from Eritrea to Finland in 2021. During the last 6 years the exports of Eritrea to Finland have increased at an annualized rate of 23.8%, from $598 in 2015 to $2.16k in 2021.

In 2017, Finland exported $1.08M to Eritrea. The main products exported from Finland to Eritrea were Lifting Machinery ($1.02M), Stone Processing Machines ($33.3k), and Refrigerators ($27.5k). During the last 5 years the exports of Finland to Eritrea have decreased at an annualized rate of 13.9%, from $2.3M in 2022 to $1.08M in 2017.

Exports from Eritrea () to Finland () (2022)

Exports from Finland () to Eritrea () (2022)

Latest Data

Trade between Eritrea () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Eritrea
Top DestinationChina$412M

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Eritrea than Finland included Madagascar ($14.9M).

In 2022, countries that imported more from Finland than Eritrea included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

Difference in imports from Finland () and Eritrea () (2022)

Comparative Advantage Eritrea - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Eritrea had a large net trade with Finland in the exports of .

During 2017, Finland had a large net trade with Eritrea in the exports of Machines ($1.08M).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Eritrea () to Finland () (2022)

Exports from Finland () to Eritrea () (2022)

Latest Data

Trade between Eritrea () and Finland ()

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Eritrea () (2022)

Comparative Advantage Eritrea - Finland

Economic Complexity

Competitive Landscape

Product Space of Eritrea () and Finland () (2022)

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