2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Italy-Eritrea Trade: In 2023, Italy exported $20.4M to Eritrea. The main products that Italy exported to Eritrea were Aluminium Structures ($1.43M), Motor vehicles; parts and accessories (8701 to 8705) ($1.21M), and Buses ($1.14M). Over the past 5 years the exports of Italy to Eritrea have decreased at an annualized rate of 0.28%, from $20.7M in 2018 to $20.4M in 2023.

In 2023, Italy did not export any services to Eritrea.

Eritrea-Italy Trade: In 2023, Eritrea exported $3.59M to Italy. The main products that Eritrea exported to Italy were Non-Knit Men's Shirts ($2.53M), Non-Knit Women's Shirts ($596k), and Non-Knit Men's Undergarments ($355k). Over the past 5 years the exports of Eritrea to Italy have increased at an annualized rate of 7.24%,  from $2.53M in 2018 to $3.59M in 2023.

In 2023, Eritrea did not export any services to Italy.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Eritrea ranked 169 in total exports ($529M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $20.4M to Eritrea. The main products exported from Italy to Eritrea were Aluminium Structures ($1.43M), Motor vehicles; parts and accessories (8701 to 8705) ($1.21M), and Buses ($1.14M). During the last 5 years the exports of Italy to Eritrea have decreased at an annualized rate of 0.28%, from $20.7M in 2018 to $20.4M in 2023.

In 2018, Eritrea exported $3.59M to Italy. The main products exported from Eritrea to Italy were Non-Knit Men's Shirts ($2.53M), Non-Knit Women's Shirts ($596k), and Non-Knit Men's Undergarments ($355k). During the last 5 years the exports of Eritrea to Italy have increased at an annualized rate of 7.24%, from $2.53M in 2023 to $3.59M in 2018.

Exports from Italy (Flag) to Eritrea (Flag) (2023)

Exports from Eritrea (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Eritrea
Top Destination
China$355M

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

In 2023, countries that imported more from Italy than Eritrea included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Eritrea than from Italy.

Difference in imports from Eritrea (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Eritrea

Flow
Scale

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

During 2023, Italy had a large net trade with Eritrea in the exports of Metals ($4.45M), Transportation ($3.71M), and Machines ($3.36M).

During 2018, Eritrea had a large net trade with Italy in the exports of Textiles ($3.57M), Transportation ($10.8k), and Instruments ($7.74k).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Eritrea (Flag) (2023)

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