Eritrea - Merchandise imports (current US$)

The value for Merchandise imports (current US$) in Eritrea was 976,000,000 as of 2020. As the graph below shows, over the past 28 years this indicator reached a maximum value of 1,146,000,000 in 2019 and a minimum value of 349,000,000 in 1993.

Definition: Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars.

Source: World Trade Organization.

See also:

Year Value
1992 351,000,000
1993 349,000,000
1994 489,000,000
1995 454,000,000
1996 553,000,000
1997 525,000,000
1998 508,000,000
1999 510,000,000
2000 471,000,000
2001 423,000,000
2002 538,000,000
2003 433,000,000
2004 480,000,000
2005 490,000,000
2006 495,000,000
2007 510,000,000
2008 600,000,000
2009 590,000,000
2010 660,000,000
2011 950,000,000
2012 970,000,000
2013 1,040,000,000
2014 1,130,000,000
2015 1,020,000,000
2016 957,000,000
2017 1,026,000,000
2018 1,065,000,000
2019 1,146,000,000
2020 976,000,000

Limitations and Exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels.

Statistical Concept and Methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports