Eritrea recorded a trade deficit of 702 CAF Million in 2016.

Balance of Trade in Eritrea averaged -463.96 CAF Million from 1992 until 2016, reaching an all time high of -159.97 CAF Million in 1992 and a record low of -716 CAF 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.

Balance of Trade in Eritrea is expected to be -150.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Eritrea Balance of Trade is projected to trend around -100.00 USD Million in 2020, according to our econometric models.

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Eritrea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-702.00 -518.00 -159.97 -716.00 1992 - 2016 USD Million Yearly

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.

Eritrea Trade Last Previous Highest Lowest Unit
Balance of Trade -702.00 -518.00 -159.97 -716.00 USD Million [+]
Current Account 617.00 -50.00 1104.00 -2174.00 USD Million [+]
Current Account to GDP 0.30 0.70 39.43 -39.27 percent [+]
Exports 335.00 485.00 626.00 11.00 USD Million [+]
Imports 1037.00 1003.00 1111.00 214.47 USD Million [+]
Terrorism Index 0.00 0.00 3.69 0.00 [+]