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Pricing

2021
Flag → Flag
Exports $9.19MRnk 36 / 0
2021
Flag → Flag
Exports $131kRnk 110 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Russia-Eritrea Trade: In 2021, Russia exported $9.19M to Eritrea. The main products that Russia exported to Eritrea were N/A. Over the past 9 years the exports of Russia to Eritrea have increased at an annualized rate of 43.9%, from $347k in 2012 to $9.19M in 2021.

In 2020, Russia exported services to Eritrea worth $11k, with Financial services ($8k) and Communications services ($3k) being the largest in terms of value.

Eritrea-Russia Trade: In 2021, Eritrea exported $131k to Russia. The main products that Eritrea exported to Russia were N/A. Over the past 9 years the exports of Eritrea to Russia have increased at an annualized rate of 21.5%,  from $49.4k in 2012 to $131k in 2021.

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

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43),  and 12 in total exports ($486B). That same year, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $369k and imported $9.14k from Eritrea, resulting in a positive trade balance of $360k. Between January 2021 and January 2022 the exports of Russia have decreased by $-7.76M (-95.5%) from $8.13M to $369k, while imports increased by $2.9k (46.5%) from $6.24k to $9.14k.

Trade In January 2022, the top exports of Russia to Eritrea were Wheat ($8.13M). In January 2022 the top imports of Russia from Eritrea were Non-Knit Men's Suits ($6.24k).

Origins In January 2022 the exports of Russia were mainly from SVERDLOVSK REGION ($369k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($9.13k) and MOSCOW REGION ($10).

Growth In January 2022, the decrease in Russia's year-by-year exports to Eritrea was explained primarily by an decrease in product exports in . In January 2022, the increase in Russia's year-by-year imports  from Eritrea was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-7.76M(-95.5%)
IMPORT GROWTH (January 2021 - January 2022)$2.9k(46.5%)
MAIN EXPORTER (January 2022)SVERDLOVSK REGION$369k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Eritrea and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $9.19M to Eritrea. There were not main exports from Russia to Eritrea in 2021. During the last 9 years the exports of Russia to Eritrea have increased at an annualized rate of 43.9%, from $347k in 2012 to $9.19M in 2021.

In 2016, Eritrea exported $131k to Russia. There were not main exports from Eritrea to Russia in 2016. During the last 5 years the exports of Eritrea to Russia have increased at an annualized rate of 21.5%, from $49.4k in 2021 to $131k in 2016.

Exports from Russia (Flag) to Eritrea (Flag) (2021)

Exports from Eritrea (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Eritrea
Top DestinationChina$412M

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

In 2022, countries that imported more from Russia than Eritrea included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Eritrea than Russia included Madagascar ($14.9M) and Zambia ($639).

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

Comparative Advantage Russia - Eritrea

Flow
Scale

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

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

During 2016, Eritrea had a large net trade with Russia in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Eritrea (Flag) (2021)

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