Eritrea recorded a trade deficit of 597 USD Million in 2018.

Balance of Trade in Eritrea averaged -481.30 USD Million from 1992 until 2018, reaching an all time high of -159.97 USD Million in 1992 and a record low of -724 USD Million in 2013. This page provides the latest reported value for - Eritrea Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Eritrea Balance of Trade - values, historical data and charts - was last updated on October of 2020.

Balance of Trade in Eritrea is expected to reach -800.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Eritrea Balance of Trade is projected to trend around -810.00 USD Million in 2021 and -805.00 USD Million in 2022, according to our econometric models.

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Eritrea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-597.00 -638.00 -159.97 -724.00 1992 - 2018 USD Million Yearly

Eritrea Trade Last Previous Highest Lowest Unit
Balance of Trade -597.00 -638.00 -159.97 -724.00 USD Million [+]
Current Account to GDP 12.10 19.00 39.43 -39.27 percent [+]
Imports 1170.00 1120.00 1170.00 214.47 USD Million [+]
Exports 573.00 482.00 630.00 11.00 USD Million [+]
Terrorism Index 0.00 0.00 3.69 0.00 [+]

Eritrea Balance of Trade
Eritrea's systemic trade deficit is the result of the country's small production of exportable goods. Eritrea's main exports are: livestock, sorghum, textiles and food. Man imports are: machinery, fuel and food. Main trading partners are: Italy, Saudi Arabia, China and Egypt.