Czechia (CZE) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Czechia-Somalia Trade: In 2023, Czechia exported $748k to Somalia. The main products that Czechia exported to Somalia were Other Electrical Machinery ($585k), Gas Turbines ($95.4k), and Navigation Equipment ($26.9k). Over the past 5 years the exports of Czechia to Somalia have increased at an annualized rate of 34.7%, from $169k in 2018 to $748k in 2023.

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

Somalia-Czechia Trade: In 2023, Somalia exported $74.8k to Czechia. The main products that Somalia exported to Czechia were Other Oily Seeds ($45.1k), Coin ($17.9k), and Essential Oils ($3.54k). Over the past 5 years the exports of Somalia to Czechia have decreased at an annualized rate of 3.94%, from $91.4k in 2018 to $74.8k in 2023.

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

Comparison In 2023, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). 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 2023, Czechia exported $748k to Somalia. The main products exported from Czechia to Somalia were Other Electrical Machinery ($585k), Gas Turbines ($95.4k), and Navigation Equipment ($26.9k). During the last 5 years the exports of Czechia to Somalia have increased at an annualized rate of 34.7%, from $169k in 2018 to $748k in 2023.

In 2018, Somalia exported $74.8k to Czechia. The main products exported from Somalia to Czechia were Other Oily Seeds ($45.1k), Coin ($17.9k), and Essential Oils ($3.54k). During the last 5 years the exports of Somalia to Czechia have decreased at an annualized rate of 3.94%, from $91.4k in 2023 to $74.8k in 2018.

Exports from Czechia () to Somalia () (2023)

Exports from Somalia () to Czechia () (2023)

Latest Data

Trade between Czechia () and Somalia ()

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$64.2B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Czechia than Somalia included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Somalia than Czechia included Oman ($180M), Djibouti ($84.2M), and Macau ($19.9M).

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

Comparative Advantage Czechia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Czechia had a large net trade with Somalia in the exports of Machines ($709k), Plastics and Rubbers ($19.4k), and Instruments ($18.8k).

During 2018, Somalia had a large net trade with Czechia in the exports of Vegetable Products ($48.1k), Precious Metals ($17.9k), and Chemical Products ($3.54k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Somalia+$468kComputers

Top Product Potential Somalia Czechia+$75.3kOther Oily Seeds

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Czechia () to Somalia () (2023)

Exports from Somalia () to Czechia () (2023)

Latest Data

Trade between Czechia () and Somalia ()

Czechia Exports

Market Competitiveness

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

Comparative Advantage Czechia - Somalia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring