China / Somalia

Overview In February 2024, China exported $53.6M and imported $98.3k from Somalia, resulting in a positive trade balance of $53.5M. Between February 2023 and February 2024 the exports of China have increased by $8.67M (19.3%) from $44.9M to $53.6M, while imports decreased by $-1.13M (-92%) from $1.23M to $98.3k.

Trade In February 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 February 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 February 2024 the exports of China were mainly from Zhejiang Province ($17M), Guangdong Province ($10.3M), Jiangsu Province ($9.42M), Shandong Province ($7.73M), and Shanghai Province ($1.79M), while imports destinations were mainly Hebei Province ($66.4k), Anhui Province ($22.9k), Liaoning Province ($6.27k), Tianjin ($1.27k), and Shanghai Province ($893).

Growth In February 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 ($1.36M or 110%). In February 2024, the decrease in China's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Molluscs ($-137k or -22.5%), Aircraft parts including unmanned craft ($-905 or -43.5%), and Commodities not elsewhere specified ($-830 or -36.4%).