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Pricing

2022
Flag → Flag
Exports $5.16MRnk 158 / 218
2022
Flag → Flag
Top Product $1.75MComputers
2022
Flag → Flag
Exports $706kRnk 68 / 95
2022
Flag → Flag
Top Product $3.43kEssential Oils
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Denmark-Somalia Trade: In 2022, Denmark exported $5.16M to Somalia. The main products that Denmark exported to Somalia were Computers ($1.75M), X-Ray Equipment ($772k), and Industrial Printers ($666k). Over the past 5 years the exports of Denmark to Somalia have increased at an annualized rate of 1.66%, from $4.75M in 2017 to $5.16M in 2022.

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

Somalia-Denmark Trade: In 2022, Somalia exported $4.5k to Denmark. The main products that Somalia exported to Denmark were Essential Oils ($3.43k), Other Wood Articles ($703), and Perfumes ($313). Over the past 5 years the exports of Somalia to Denmark have increased at an annualized rate of 16%,  from $2.14k in 2017 to $4.5k in 2022.

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

Comparison In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01),  and 37 in total exports ($122B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $5.16M to Somalia. The main products exported from Denmark to Somalia were Computers ($1.75M), X-Ray Equipment ($772k), and Industrial Printers ($666k). During the last 5 years the exports of Denmark to Somalia have increased at an annualized rate of 84.6%, from $4.63M in 2017 to $5.16M in 2022.

In 2017, Somalia exported $4.5k to Denmark. The main products exported from Somalia to Denmark were Essential Oils ($3.43k), Other Wood Articles ($703), and Perfumes ($313). During the last 5 years the exports of Somalia to Denmark have increased at an annualized rate of 4%, from $580k in 2022 to $4.5k in 2017.

Exports from Denmark (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Somalia (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Denmark than Somalia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Somalia than Denmark included Oman ($173M).

Difference in imports from Somalia (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Somalia

Flow
Scale

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

During 2022, Denmark had a large net trade with Somalia in the exports of Machines ($3.3M), Instruments ($817k), and Miscellaneous ($352k).

During 2017, Somalia had a large net trade with Denmark in the exports of Chemical Products ($3.8k) and Wood Products ($703).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Somalia+$532kComputers
Top Product Potential Somalia Denmark+$6.33kEssential Oils

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

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

Product Space of Denmark (Flag) and Somalia (Flag) (2022)

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