Austria (AUT) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Austria-Somalia Trade: In 2023, Austria exported $1.4M to Somalia. The main products that Austria exported to Somalia were Liquid Dispersing Machines ($482k), Sawn Wood ($144k), and Computers ($129k). Over the past 5 years the exports of Austria to Somalia have increased at an annualized rate of 21.8%, from $525k in 2018 to $1.4M in 2023.

In 2023, Austria did not export any services to Somalia.

Somalia-Austria Trade: In 2023, Somalia exported $77.8k to Austria. The main products that Somalia exported to Austria were Insect Resins ($24.6k), Disc Chemicals for Electronics ($18.8k), and Felt or Coated Fabric Garments ($13.4k). Over the past 5 years the exports of Somalia to Austria have decreased at an annualized rate of 5.02%, from $101k in 2018 to $77.8k in 2023.

In 2023, Somalia did not export any services to Austria.

Comparison In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Somalia ranked 161 in total exports ($1.03B), 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 2023, Austria exported $1.4M to Somalia. The main products exported from Austria to Somalia were Liquid Dispersing Machines ($482k), Sawn Wood ($144k), and Computers ($129k). During the last 5 years the exports of Austria to Somalia have increased at an annualized rate of 21.8%, from $525k in 2018 to $1.4M in 2023.

In 2018, Somalia exported $77.8k to Austria. The main products exported from Somalia to Austria were Insect Resins ($24.6k), Disc Chemicals for Electronics ($18.8k), and Felt or Coated Fabric Garments ($13.4k). During the last 5 years the exports of Somalia to Austria have decreased at an annualized rate of 5.02%, from $101k in 2023 to $77.8k in 2018.

Exports from Austria () to Somalia () (2023)

Exports from Somalia () to Austria () (2023)

Latest Data

Trade between Austria () and Somalia ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Austria than Somalia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Somalia than Austria included Oman ($180M), Djibouti ($84.2M), and Macau ($19.9M).

Difference in imports from Somalia () and Austria () (2023)

Comparative Advantage Austria - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Somalia in the exports of Machines ($953k), Wood Products ($144k), and Instruments ($111k).

During 2018, Somalia had a large net trade with Austria in the exports of Chemical Products ($29.8k), Vegetable Products ($25.3k), and Textiles ($13.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Somalia+$527kSawn Wood

Top Product Potential Somalia Austria+$17.8kOther Pure Vegetable Oils

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.

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Somalia () (2023)

Exports from Somalia () to Austria () (2023)

Latest Data

Trade between Austria () and Somalia ()

Austria Exports

Market Competitiveness

Difference in imports from Somalia () and Austria () (2023)

Comparative Advantage Austria - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Somalia () (2023)

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