Australia (AUS) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Australia-Somalia Trade: In 2022, Australia exported $475k to Somalia. The main products that Australia exported to Somalia were Toilet Paper ($268k), Other Electrical Machinery ($138k), and Telephones ($53.9k). Over the past 5 years the exports of Australia to Somalia have decreased at an annualized rate of 15%, from $1.07M in 2017 to $475k in 2022.

In 2022, Australia did not export any services to Somalia.

Somalia-Australia Trade: In 2022, Somalia exported $127k to Australia. The main products that Somalia exported to Australia were Medical Instruments ($95.5k), Essential Oils ($14k), and Insect Resins ($11.8k). Over the past 5 years the exports of Somalia to Australia have increased at an annualized rate of 1.27%, from $119k in 2017 to $127k in 2022.

In 2022, Somalia did not export any services to Australia.

Comparison In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $475k to Somalia. The main products exported from Australia to Somalia were Toilet Paper ($268k), Other Electrical Machinery ($138k), and Telephones ($53.9k). During the last 5 years the exports of Australia to Somalia have decreased at an annualized rate of 15%, from $1.07M in 2017 to $475k in 2022.

In 2017, Somalia exported $127k to Australia. The main products exported from Somalia to Australia were Medical Instruments ($95.5k), Essential Oils ($14k), and Insect Resins ($11.8k). During the last 5 years the exports of Somalia to Australia have increased at an annualized rate of 1.27%, from $119k in 2022 to $127k in 2017.

Exports from Australia () to Somalia () (2022)

Exports from Somalia () to Australia () (2022)

Latest Data

Trade between Australia () and Somalia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationN/AN/A

Somalia
Top DestinationN/AN/A

This map shows whether countries import more from Australia or Somalia. Each country is colored based on the difference in imports they receive from Australia and Somalia or the difference in the growth in imports.

N/A

Difference in imports from Somalia () and Australia () (2022)

Comparative Advantage Australia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Somalia by product, considering products traded by both, Australia and Somalia.

During 2022, Australia had a large net trade with Somalia in the exports of Paper Goods ($268k), Machines ($197k), and Transportation ($3.47k).

During 2017, Somalia had a large net trade with Australia in the exports of Instruments ($95.5k), Chemical Products ($15.1k), and Vegetable Products ($11.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Somalia+$161kTelephones

Top Product Potential Somalia Australia+$84.5kMedical Instruments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Somalia. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Somalia () (2022)

Exports from Somalia () to Australia () (2022)

Latest Data

Trade between Australia () and Somalia ()

Australia Exports

Market Competitiveness

Difference in imports from Somalia () and Australia () (2022)

Comparative Advantage Australia - Somalia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Australia () and Somalia () (2022)

Keep Exploring