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Eritrea

Eritrea ranked No. 206 in total trade value through August with a total of $7.19 million. Exports totaled $7.1 million and Imports totaled $87,537, a surplus of $7.02 million.

U.S. trade with Eritrea rose to $7.19 million through August

Eritrea’s trade with the United States rose to $7.19 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.82 percent above its total trade during the same time period last year. U.S. exports to Eritrea increased 2.37 percent while U.S. imports from Eritrea fell 54.66 percent. The U.S. surplus with Eritrea was $7.02 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Galveston, Texas; No. 2 Port of Newark; No. 3 Low-Valued Imports and Exports; No. 4 Port of Baltimore, Md.; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of Savannah, Ga. No. 3 Port of Oakland, Calif. No. 4 John F. Kennedy International Airport and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 91.2 percent of Eritrea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Galveston, Texas totaled $5.63 million.
    Exports totaled $5.63 million. There were no imports.
  • Trade with No. 2 Port of Newark rose 652.74 percent to $393,969.
    Exports rose 787.38 percent to $392,772. Imports fell 85.18 percent to $1,197.
  • Trade with No. 3 Low-Valued Imports and Exports rose 0.89 percent to $260,497.
    Exports rose 0.89 percent to $260,497. There were no imports.
  • Trade with No. 4 Port of Baltimore, Md. rose 176.18 percent to $154,749.
    Exports rose 176.18 percent to $154,749. There were no imports.
  • Trade with No. 5 Port of New York rose 427.47 percent to $120,000.
    Exports rose 427.47 percent to $120,000. There were no imports.

Eritrea ranked No. 206 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 209.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Eritrea by value through August were the categories of Grain sorghum; Misc. medical chemical re-agents; Low value shipments; Harvesting machinery for poultry; and Parts for heavy machinery, respectively. They accounted for 93.17 percent of total exports to Eritrea.

The value of the top five categories of U.S. imports from Eritrea –– Rum, gin, vodka, other liquors; Beer; Value added to a returned import; Salvage; and Leather and composite leather apparel –– accounted for 99.4 percent of all inbound shipments.

Looking more closely at U.S. exports to Eritrea:

  • Grain sorghum rose 10.36 percent compared to last year to $5.63 million.
  • Misc. medical chemical re-agents rose 97.54 percent compared to last year to $428,772.
  • Low value shipments rose 0.89 percent compared to last year to $260,497.
  • Harvesting machinery for poultry totaled $154,749. The previous year, there were no exports in this category.
  • Parts for heavy machinery rose 261.63 percent compared to last year to $145,446.

Looking more closely at U.S. imports from Eritrea:

  • Rum, gin, vodka, other liquors rose 49.15 percent compared to last year to $49,364.
  • Beer fell 34.06 percent compared to last year to $20,414.
  • Value added to a returned import fell 76.91 percent compared to last year to $12,351.
  • Salvage fell 68.07 percent compared to last year to $3,683.
  • Leather and composite leather apparel totaled $1,197. The previous year, there were no imports in this category.

In the latest annual figures available, Eritrea recorded $5.29 million in trade with the United States. At year’s end, its were San Francisco; Houston; New York City; Atlanta/Savannah; and Low Value Shipments. Total U.S. exports to Eritrea were $ 5.02 million and imports from Eritrea were $266,960. The U.S. surplus with Eritrea was $4.75 million.