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

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Finland-Eritrea Trade: In 2022, Finland exported $2.3M 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 5 years the exports of Finland to Eritrea have increased at an annualized rate of 19.4%, from $947k in 2017 to $2.3M in 2022.

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

Eritrea-Finland Trade: In 2022, Eritrea exported $598 to Finland. The main products that Eritrea exported to Finland were N/A. Over the past 5 years the exports of Eritrea to Finland have decreased at an annualized rate of 71.7%, from $332k in 2017 to $598 in 2022.

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

Comparison In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $2.3M 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 increased at an annualized rate of 19.4%, from $947k in 2017 to $2.3M in 2022.

In 2015, Eritrea exported $598 to Finland. There were not main exports from Eritrea to Finland in 2015. During the last 20 years the exports of Eritrea to Finland have decreased at an annualized rate of 71.7%, from $332k in 1995 to $598 in 2015.

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

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

Latest Data

Trade between Finland () and Eritrea ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Eritrea
Top DestinationChina$412M

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

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

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

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

Comparative Advantage Finland - Eritrea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Eritrea in the exports of Machines ($1.08M).

During 2015, Eritrea had a large net trade with Finland in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Finland () and Eritrea ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Finland - Eritrea

Economic Complexity

Competitive Landscape

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

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