Trade balance — all countries

Trade balance — Eritrea

Trade balance in Eritrea in 2011 — -228,887,167 US$. Ranked 86 in the world out of 179. Since 1992, the indicator has fallen by 43.1%.

2011 -229M US$ +41.74% vs 2010
World rank 86of 179
Period maximum -160M US$1992
Period minimum -599M US$2004

Trend over time

1992–2011 · US$

Trade balance — Eritrea, 1992–2011-600M-400M-200M0199219941996199820002002200420062008201020111992: -159,972,073 US$1993: -191,578,062 US$1994: -291,590,909 US$1995: -349,968,750 US$1996: -403,291,016 US$1997: -385,705,357 US$1998: -486,517,938 US$1999: -531,779,120 US$2000: -342,873,247 US$2001: -379,561,211 US$2002: -386,743,256 US$2003: -531,923,316 US$2004: -599,112,181 US$2005: -535,752,295 US$2006: -381,053,659 US$2007: -303,343,089 US$2008: -299,548,403 US$2009: -351,191,993 US$2010: -392,844,169 US$2011: -228,887,167 US$
Change over the period: −68.92M (−43.08%)

Comparison, 2011

How the value compares with the world and the groups this territory belongs to: Eritrea

Eritrea -229M US$
World computed 599B US$
Sub-Saharan Africa computed 1.12B US$
Eastern Africa computed -22.88B US$
Low-income countries computed -28.04B US$
Trade balance — Eritrea, by year Eritrea All countries CSV XLSX
Year US$ Change Change, %
2011 -229M +164M +41.74%
2010 -393M −41.65M −11.86%
2009 -351M −51.64M −17.24%
2008 -300M +3.79M +1.25%
2007 -303M +77.71M +20.39%
2006 -381M +155M +28.88%
2005 -536M +63.36M +10.58%
2004 -599M −67.19M −12.63%
2003 -532M −145M −37.54%
2002 -387M −7.18M −1.89%
2001 -380M −36.69M −10.7%
2000 -343M +189M +35.52%
1999 -532M −45.26M −9.3%
1998 -487M −101M −26.14%
1997 -386M +17.59M +4.36%
1996 -403M −53.32M −15.24%
1995 -350M −58.38M −20.02%
1994 -292M −100M −52.2%
1993 -192M −31.61M −19.76%
1992 -160M

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.