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Eritrea B2B Marketplace – Connect With Leading Manufacturers And Suppliers



Eritrea is a country located in the Horn of East Africa. It is officially known as the State of Eritrea. Asmara is the capital city of Eritrea. Its main neighboring countries are Sudan in the west, Ethiopia in the south, and Djibouti in the southeast. The eastern and northeastern side borders the extensive coastline along the Red Sea. Eritrea covers the land of about 117,600 square kilometers.

According to the International Monetary Fund (IMF), the country’s GDP reached $2.1 billion in 2020. However, it continued to face growth at an annual rate of 3% from 2010 to 2020. This clearly shows a rapid improvement from the 1.3% annual rate from 2000 to 2010. The growth has been attributed to the complete operations in the gold and silver Bisha mine. Also, cement production from the renowned cement factory also contributed to the overall GDP. Other than this, zinc, and copper are other elements, which are heavily mined in this country.

Worker remittances from all around the world also account for around 35% of gross domestic product.

The economic performance highly depends on the agricultural activities. It is the main export sector in Eritrea. It makes up around 11% of the whole economy’s value. Not only is this, but 70% of the workforce is employed in agriculture. It accounts for around one-third of the economy. Some of the main agricultural products traded from here are millet, sorghum, wheat, barley, legumes, fruits, vegetables, camels, sesame, cattle, linseed, goats, and sheep.

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In 2020, the country performed so well that its economy ranked 165th in the world for exporting goods around the world. Not only this, but its imports make it ranked on 189th position.

Some of the significant imports received by the country are delivery trucks ($17.2 M), wheat trucks ($39.5 M), raw sugar ($9.52 M), sorghum ($15 M), and rubber tires ($12 M). Its most important import partners are the United Arab Emirates, China, Egypt, the United States, and Italy.

Also, exports contribute to the maximum of the gross domestic product. Some of the significant export items being shipped to other countries are copper ore ($172 M), gold ($265 M), zinc ore ($153 M), silver ($1.13 M), and non-knit men’s shirts ($1.13 M). The most important export partners of Eritrea are Italy, United Arab Emirates, South Korea, China, and Malaysia.

Eritrea deals in the exports of several services. In 2000, it exported around $60.9 M worth of services. Some of the important services being exported that year were transportation ($9.85 M), travel ($34.7 M), government services ($6.79 M), communication services ($8.21 M), and other business services ($624 K).

The country offers a great deal of export opportunities to the new emerging manufacturers and suppliers so that the economy’s performance may further get better. Some of the top export opportunities include cocoa beans, aluminum ore, tin ores, niobium, vanadium, tantalum, zirconium ore, and precious metal ore.

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Are you looking for better opportunities in the manufacturing industry? You better choose the right market to achieve optimum results. Trading in Eritrea is absolutely easy if you choose Exporthub.com. We help you better understand the market growth, experiences, and other opportunities offered by the manufacturing production. Once you are satisfied, you can initiate the first level of the business.

We have professional business experts in the Eritrea B2B marketplace who strive to help you in getting started with business expansion. Become a valuable part of Eritrea’s leading manufacturing industry today. Connect with the leading Eritrea manufacturers and suppliers and make your business achieve the heights. Reach out to us now for any queries and suggestions. Give us a call on +1-214-306-7737 or email us at contactus@exporthub.com for a professional discussion on the business matter. It is time to make your business grow in the international market.
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