2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

Brazil-Somalia Trade: In 2023, Brazil exported $175M to Somalia. The main products that Brazil exported to Somalia were Raw Sugar ($167M), Poultry Meat ($5.62M), and Confectionery Sugar ($1.39M). Over the past 5 years the exports of Brazil to Somalia have increased at an annualized rate of 23.5%, from $60.7M in 2018 to $175M in 2023.

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

Somalia-Brazil Trade: In 2023, Somalia exported $52.6k to Brazil. The main products that Somalia exported to Brazil were Insect Resins ($33.4k), Essential Oils ($12.2k), and Live Fish ($7.05k). Over the past 5 years the exports of Somalia to Brazil have increased at an annualized rate of 61.5%,  from $4.79k in 2018 to $52.6k in 2023.

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

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). 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
Value

In 2023, Brazil exported $175M to Somalia. The main products exported from Brazil to Somalia were Raw Sugar ($167M), Poultry Meat ($5.62M), and Confectionery Sugar ($1.39M). During the last 5 years the exports of Brazil to Somalia have increased at an annualized rate of 23.5%, from $60.7M in 2018 to $175M in 2023.

In 2018, Somalia exported $52.6k to Brazil. The main products exported from Somalia to Brazil were Insect Resins ($33.4k), Essential Oils ($12.2k), and Live Fish ($7.05k). During the last 5 years the exports of Somalia to Brazil have increased at an annualized rate of 61.5%, from $4.79k in 2023 to $52.6k in 2018.

Exports from Brazil (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Somalia
Top Destination
United Arab Emirates$360M

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

In 2023, countries that imported more from Brazil than Somalia included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, no countries were registered that imported more from Somalia than from Brazil.

Difference in imports from Somalia (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Somalia

Flow
Scale

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

During 2023, Brazil had a large net trade with Somalia in the exports of Foodstuffs ($169M), Animal Products ($5.62M), and Wood Products ($45.7k).

During 2018, Somalia had a large net trade with Brazil in the exports of Vegetable Products ($33.4k), Chemical Products ($12.2k), and Animal Products ($7.05k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Somalia+$3.49MRaw Sugar
Top Product Potential Somalia Brazil+$92.4kInsect Resins

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

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

Product Space of Brazil (Flag) and Somalia (Flag) (2023)

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