China / Somalia

Overview In December 2024, China exported $92.3M and imported $400k from Somalia, resulting in a positive trade balance of $91.9M. Between December 2023 and December 2024 the exports of China have increased by $11.9M (14.8%) from $80.4M to $92.3M, while imports decreased by $-18k (-4.3%) from $418k to $400k.

Trade In December 2024, the top exports of China to Somalia were Woven Fabric of Synthetic Staple Fibers ($8.78M), Rubber Footwear ($5.49M), Synthetic Filament Yarn Woven Fabric ($3.58M), Other Furniture ($3.1M), and Blankets ($2.41M). In December 2024 the top imports of China from Somalia were Precious Stones ($183k), Non-fillet Frozen Fish ($145k), Insect Resins ($72.7k), Other Mineral ($41.2k), and Motor vehicles; parts and accessories (8701... ($25.3k).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($31.5M), Jiangsu Province ($13.6M), Shandong Province ($11.7M), Guangdong Province ($6.28M), and Fujian Province ($4.29M), while imports destinations were mainly Fujian Province ($152k), Anhui Province ($150k), Hebei Province ($49.3k), Guangdong Province ($26k), and Liaoning Province ($15.8k).

Growth In December 2024, the increase in China's year-by-year exports to Somalia was explained primarily by an increase in product exports in Rubber Footwear ($1.89M or 52.4%), Air Pumps ($1.45M or 292%), and Other toys ($996k or 110%). In December 2024, the decrease in China's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Insect Resins ($-78.5k or -51.9%), Other Rubber Products ($-2.16k or -58.3%), and Quartz ($-74 or -54.8%).