Colombia (COL) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Colombia-Somalia Trade: In 2022, Colombia exported $99.9k to Somalia. The main products that Colombia exported to Somalia were N/A. Over the past 23 years the exports of Colombia to Somalia have decreased at an annualized rate of 12.5%, from $2.13M in 1999 to $99.9k in 2022.

In 2022, Colombia did not export any services to Somalia.

Somalia-Colombia Trade: In 2022, Somalia exported $5.56k to Colombia. The main products that Somalia exported to Colombia were Transmissions ($3.1k), Motor vehicles; parts and accessories (8701 to 8705) ($1.71k), and Harvesting Machinery ($475). Over the past 23 years the exports of Somalia to Colombia have increased at an annualized rate of 6.51%, from $4.05k in 1999 to $5.56k in 2022.

In 2022, Somalia did not export any services to Colombia.

Comparison In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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 2022, Colombia exported $99.9k to Somalia. There were not main exports from Colombia to Somalia in 2022. During the last 23 years the exports of Colombia to Somalia have decreased at an annualized rate of 12.5%, from $2.13M in 1999 to $99.9k in 2022.

In 2018, Somalia exported $5.56k to Colombia. The main products exported from Somalia to Colombia were Transmissions ($3.1k), Motor vehicles; parts and accessories (8701 to 8705) ($1.71k), and Harvesting Machinery ($475). During the last 5 years the exports of Somalia to Colombia have increased at an annualized rate of 6.51%, from $4.05k in 2023 to $5.56k in 2018.

Exports from Colombia () to Somalia () (2023)

Exports from Somalia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Somalia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Colombia than Somalia included United States ($14.8B), Panama ($4.66B), and China ($2.5B).

In 2023, countries that imported more from Somalia than Colombia included Oman ($180M), Saudi Arabia ($283M), and Djibouti ($84.2M).

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

Comparative Advantage Colombia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Somalia in the exports of .

During 2018, Somalia had a large net trade with Colombia in the exports of Machines ($3.84k) and Transportation ($1.71k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Somalia+$2.87kRefined Petroleum

Top Product Potential Somalia Colombia+$1.74kCrustaceans

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 Colombia and Somalia. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Colombia.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Somalia () (2023)

Exports from Somalia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Somalia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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