Eritrea Merchandise exports by the reporting economy, residual (% of total merchandise exports)

Eritrea Merchandise exports by the reporting economy, residual (% of total merchandise exports): Key Points

• From 2014 to 2023, the direction for Eritrea's merchandise exports by the reporting economy, residual is clear — 1.25 units up to 0.0288 units, down by around 98%.
• 2015: falls away sharply to 0.0981 units (-92%).
• 2016-2018: caves in to 0.0450 units (-54%).
• 2020: collapses to 0.0067 units (-71%).
• 2021: shoots up to 0.0201 units (+200%).
• 2023: Closes lower than it opened — 0.0288 units, a 97.7% loss over the period.

Reading A Mixed Trend

A series that moves both ways like this is telling you the underlying driver isn't fixed — conditions are shifting, or the indicator itself is sensitive to short-term noise.

Worth noting this move happens in 2020, the year lockdowns disrupted ordinary activity broadly across the world. It may or may not be the direct explanation here, but it's the most common one for a dip landing in exactly this year.

Worth pairing this with the same indicator for a handful of comparable economies before concluding anything about Eritrea specifically — a move that looks large here can be the regional norm, or genuinely unusual, and this chart alone can't say which.

Source here is a national/international statistics body, not a live measurement — most time series like this are interpolated or modeled between actual survey years. Treat the trend as the real signal, individual years as approximate.