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2023
Product
Exports | Imports $529M | $440M169 of 226 |  199 of 226
2023
Per Capita Product
Exports | Imports $152 | $127160 of 220 |  213 of 220

About

Overview In 2023 Eritrea was the number 169 economy in the world in terms of total exports and the number 199 in total imports.

Exports The top exports of Eritrea are Copper Ore ($190M), Zinc Ore ($188M), Gold ($136M), Non-Knit Women's Suits ($4.56M), and Non-Knit Men's Shirts ($2.89M), exporting mostly to China ($355M), United Arab Emirates ($137M), Philippines ($23.8M), Italy ($3.59M), and Croatia ($3.33M).

Imports The top imports of Eritrea are Delivery Trucks ($28.6M), Sorghum ($27.3M), Wheat Flours ($22.3M), Large Construction Vehicles ($19.9M), and Other Edible Preparations ($19.4M), importing mostly from China ($139M), United Arab Emirates ($120M), Turkey ($39.3M), United States ($30.5M), and Italy ($20.4M).

Location Eritrea borders Djibouti, Sudan, and Ethiopia by land and Saudi Arabia and Yemen by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Eritrea.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Copper Ore$190M
Top Destination (2023)China$355M

In 2023, Eritrea exported a total of $529M, making it the number 169 exporter in the world. During the last five reported years the exports of Eritrea have changed by $19.1M from $510M in 2018 to $529M in 2023.

The most recent exports are led by Copper Ore ($190M), Zinc Ore ($188M), Gold ($136M), Non-Knit Women's Suits ($4.56M), and Non-Knit Men's Shirts ($2.89M). The most common destination for the exports of Eritrea are China ($355M), United Arab Emirates ($137M), Philippines ($23.8M), Italy ($3.59M), and Croatia ($3.33M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Philippines$23.8M (+ 2.59M%)
Spain$815k (+ 1.01k%)
Ghana$546k (+ 800%)
Fastest Growing Import Markets (2022 - 2023)
Netherlands$6.03M (+ 97.5%)
United Arab Emirates$5.66M (+ 4.96%)
Italy$5.11M (+ 33.4%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Eritrea Exports Services (2000)$60.9M
Eritrea Imports Services (2000)$28.4M

In 2000, Eritrea exported $60.9M worth of services. The top services exported by Eritrea in 2000 were Travel ($34.7M), Transportation ($9.85M), Communications services ($8.21M), Government services, n.i.e. ($6.79M), and Other business services ($624k).

The top services imported by Eritrea in 2000 were Travel ($11.7M), Transportation ($6.52M), Government services, n.i.e. ($4.79M), Other business services ($3.89M), and Communications services ($626k).

Service Exports (2000)

Service Imports (2000)

Economic Complexity

Most Specialized Products by RCA Index

Eritrea has a high level of specialization in Zinc Ore (786), Copper Ore (85.6), Non-Knit Men's Undergarments (12.1), Gold (10.1), and Non-Knit Men's Shirts (9.45). Specialization is measured using RCA, an index that takes the ratio between Eritrea observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Eritrea according to the product complexity index (PCI) are Stainless steel wire (1.61), Beer made from malt (-0.4), Silver (including silver plated with gold or platinum); unwrought or in semi-manufactured... (-0.82), Blouses, shirts and shirt-blouses; women's or girls' (not knitted or crocheted) (-0.92), and Suits, ensembles, jackets, dresses, skirts, divided skirts, trousers, bib and brace overalls,... (-0.99). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Eritrea according to the relatedness index, were Non-Knit Men's Suits (0.023), Knit Men's Shirts (0.023), Knit Women's Shirts (0.023), Bran (0.022), and Knit Men's Suits (0.022). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Eritrea is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Eritrea. These are products that tend to be co-exported with the products that Eritrea exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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