China / Somalia

Overview In May 2024, China exported $96.8M and imported $178k from Somalia, resulting in a positive trade balance of $96.7M. Between May 2023 and May 2024 the exports of China have increased by $2.35M (2.49%) from $94.5M to $96.8M, while imports decreased by $-18.8k (-9.58%) from $197k to $178k.

Trade In May 2024, the top exports of China to Somalia were Woven Fabric of Synthetic Staple Fibers ($11.2M), Coated Flat-Rolled Iron ($10.1M), Rubber Footwear ($3.6M), Synthetic Filament Yarn Woven Fabric ($3.29M), and Other Small Iron Pipes ($3.05M). In May 2024 the top imports of China from Somalia were Molluscs ($472k), Insect Resins ($151k), Motor vehicles; parts and accessories (8701... ($15.9k), Other Rubber Products ($3.7k), and Commodities not elsewhere specified ($1.45k).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($39.2M), Jiangsu Province ($17.7M), Guangdong Province ($11.5M), Shandong Province ($11M), and Fujian Province ($2.65M), while imports destinations were mainly Anhui Province ($154k), Liaoning Province ($21.4k), Guangdong Province ($921), Tianjin ($792), and Shanghai Province ($443).

Growth In May 2024, the increase in China's year-by-year exports to Somalia was explained primarily by an increase in product exports in Coated Flat-Rolled Iron ($2.71M or 36.5%), Other Small Iron Pipes ($1.47M or 93.5%), and Telephones ($1.36M or 110%). In May 2024, the decrease in China's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Molluscs ($-137k or -22.5%), Aircraft parts including unmanned craft ($-905 or -43.5%), and Commodities not elsewhere specified ($-830 or -36.4%).