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2023
Flag → Flag
Exports $780MRnk 76 / 220
2023
Flag → Flag
Top Product $222MRaw Sugar
2023
Flag → Flag
Exports $30.9MRnk 5 / 92
2023
Flag → Flag
Top Product $12.1MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

India-Somalia Trade: In 2023, India exported $780M to Somalia. The main products that India exported to Somalia were Raw Sugar ($222M), Rice ($180M), and Cars ($74.2M). Over the past 5 years the exports of India to Somalia have increased at an annualized rate of 12.5%, from $432M in 2018 to $780M in 2023.

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

Somalia-India Trade: In 2023, Somalia exported $30.9M to India. The main products that Somalia exported to India were Scrap Iron ($12.1M), Other Oily Seeds ($10.2M), and Industrial Fatty Acids, Oils and Alcohols ($3.54M). Over the past 5 years the exports of Somalia to India have increased at an annualized rate of 21.2%,  from $11.8M in 2018 to $30.9M in 2023.

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

Comparison In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65),  and 12 in total exports ($441B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, India exported $39.1M and imported $4.6M from Somalia, resulting in a positive trade balance of $34.5M. Between November 2023 and November 2024 the exports of India have decreased by $-16.3M (-29.4%) from $55.3M to $39.1M, while imports increased by $1.16M (33.8%) from $3.43M to $4.6M.

Trade In November 2024, the top exports of India to Somalia were Sugar ($40.9M), Motor Vehicle/Cars ($6.66M), Rice(Other Than Basmoti) ($3.28M), Footwear Of Rubber/Canvas Etc. ($2.37M), and Drug Formulations, Biologicals ($2.19M). In November 2024 the top imports of India from Somalia were Iron And Steel ($857k), Other Commodities ($207k), Lead And Products Made Of Led ($165k), Copper And Prdcts Made Of Copr ($108k), and Aluminium, Products Of Aluminm ($22.2k).

Growth In November 2024, the decrease in India's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Rice(Other Than Basmoti) ($-4.65M or -58.6%), Electric Machinery And Equipme ($-1.04M or -72%), and Electronics Components ($-897k or -67.2%). In November 2024, the increase in India's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-16.3M(-29.4%)
IMPORT GROWTH (November 2023 - November 2024)$1.16M(33.8%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Somalia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $780M to Somalia. The main products exported from India to Somalia were Raw Sugar ($222M), Rice ($180M), and Cars ($74.2M). During the last 5 years the exports of India to Somalia have increased at an annualized rate of 12.5%, from $432M in 2018 to $780M in 2023.

In 2018, Somalia exported $30.9M to India. The main products exported from Somalia to India were Scrap Iron ($12.1M), Other Oily Seeds ($10.2M), and Industrial Fatty Acids, Oils and Alcohols ($3.54M). During the last 5 years the exports of Somalia to India have increased at an annualized rate of 21.2%, from $11.8M in 2023 to $30.9M in 2018.

Exports from India (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from India than Somalia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Somalia than India included Macau ($19.9M).

Difference in imports from Somalia (Flag) and India (Flag) (2023)

Comparative Advantage India - Somalia

Flow
Scale

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

During 2023, India had a large net trade with Somalia in the exports of Foodstuffs ($257M), Vegetable Products ($189M), and Transportation ($98.9M).

During 2018, Somalia had a large net trade with India in the exports of Metals ($15.6M), Vegetable Products ($10.7M), and Chemical Products ($3.54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Somalia+$9.96MPackaged Medicaments
Top Product Potential Somalia India+$6.56MScrap Iron

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

Product Space of India (Flag) and Somalia (Flag) (2023)

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