Stable with low volume due to limited industrial demand in Eritrea
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for least developed countries (LDCs) if eligibility criteria are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Drill Pipe Between US and Eritrea
Recent trade data indicates minimal to no recorded transactions of drill pipe fitted with tool joints (HS Code: 730423) between the United States and Eritrea in the past year, reflecting the broader trend of limited economic engagement.
October 2023
Impact: Negligible impact on trade due to historically low trade volumes and geopolitical constraints between the two nations.
US Export Restrictions Continue to Affect Eritrea Trade
Ongoing US sanctions and export controls on Eritrea, stemming from human rights and regional stability concerns, continue to restrict trade in industrial goods, including drill pipe fitted with tool joints.
August 2023
Impact: Significant barrier to potential trade, with no foreseeable increase in exports of drill pipe from the US to Eritrea under current restrictions.
Eritrea's Mining Sector Growth Hindered by Equipment Import Challenges
Eritrea's mining sector, a potential market for drill pipe, faces challenges in importing necessary equipment from the US due to limited diplomatic relations and trade barriers.
June 2023
Impact: Indirectly limits demand for US-made drill pipe in Eritrea, pushing the country to source from alternative markets.
Policy Updates
US Sanctions on Eritrea Remain Unchanged
The US Department of State has reaffirmed sanctions on Eritrea under Executive Order 14046, citing ongoing human rights concerns and involvement in regional conflicts, which continue to restrict trade in industrial goods including drill pipe.
