2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Eritrea-Singapore Trade: In 2023, Eritrea exported $268k to Singapore. The main products that Eritrea exported to Singapore were Processed Crustaceans ($254k), Machinery Having Individual Functions ($8.45k), and Non-Knit Active Wear ($2.42k). Over the past 5 years the exports of Eritrea to Singapore have increased at an annualized rate of 47.8%, from $37.9k in 2018 to $268k in 2023.

In 2023, Eritrea did not export any services to Singapore.

Singapore-Eritrea Trade: In 2023, Singapore exported $6.95k to Eritrea. The main products that Singapore exported to Eritrea were Air Pumps ($4.51k), Computers ($1.25k), and Machinery Having Individual Functions ($1.19k). Over the past 5 years the exports of Singapore to Eritrea have decreased at an annualized rate of 66.1%,  from $1.55M in 2018 to $6.95k in 2023.

In 2023, Singapore did not export any services to Eritrea.

Comparison In 2023,  Eritrea ranked 169 in total exports ($529M), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Eritrea exported $268k to Singapore. The main products exported from Eritrea to Singapore were Processed Crustaceans ($254k), Machinery Having Individual Functions ($8.45k), and Non-Knit Active Wear ($2.42k). During the last 5 years the exports of Eritrea to Singapore have increased at an annualized rate of 47.8%, from $37.9k in 2018 to $268k in 2023.

In 2018, Singapore exported $6.95k to Eritrea. The main products exported from Singapore to Eritrea were Air Pumps ($4.51k), Computers ($1.25k), and Machinery Having Individual Functions ($1.19k). During the last 5 years the exports of Singapore to Eritrea have decreased at an annualized rate of 66.1%, from $1.55M in 2023 to $6.95k in 2018.

Exports from Eritrea (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Eritrea (Flag) (2023)

Latest Data

Trade between Eritrea (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Eritrea
Top Destination
China$355M
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, no countries were registered that imported more from Eritrea than from Singapore.

In 2023, countries that imported more from Singapore than Eritrea included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

Difference in imports from Singapore (Flag) and Eritrea (Flag) (2023)

Comparative Advantage Eritrea - Singapore

Flow
Scale

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

During 2023, Eritrea had a large net trade with Singapore in the exports of Foodstuffs ($254k), Machines ($8.9k), and Textiles ($3.86k).

During 2018, Singapore had a large net trade with Eritrea in the exports of Machines ($6.95k).

Economic Complexity

Competitive Landscape

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

Product Space of Eritrea (Flag) and Singapore (Flag) (2023)

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