Flag India / Somalia Flag

Exports FlagFlag  (2018): $427M, Rnk 78 / 211

Top Product FlagFlag (2018): $126M, Rice

Exports FlagFlag (2018): $11.2M, Rnk 7 / 67

Top Product FlagFlag (2018): $8.26M, Other Oily Seeds

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 196

GDP Flag (2018): $4.72B, CURRENT US$
Rnk 157 / 196

GDP GROWTH Flag (2008-2018): 0%, CURRENT US$
Rnk 165 / 196

GDP PC Flag (2018): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 196

GDP PC Flag (2018): $315, CURRENT US$
Rnk 195 / 196

GDP PC GROWTH Flag (2008-2018): 0%, CURRENT US$
Rnk 145 / 196

India-Somalia: In 2018, India exported $427M to Somalia. The main products exported from India to Somalia were Rice ($126M), Raw Sugar ($87.4M), and Rubber Footwear ($63.9M). During the last 23 years the exports of India to Somalia have increased at an annualized rate of 20.3%, from $6.05M in 1995 to $427M in 2018.

Somalia-India: In 2018, Somalia exported $11.2M to India. The main products exported from Somalia to India were Other Oily Seeds ($8.26M), Industrial Fatty Acids, Oils and Alcohols ($1.44M), and Insect Resins ($644k). During the last 23 years the exports of Somalia to India have increased at an annualized rate of 13.4%, from $616k in 1995 to $11.2M in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). That same year, Somalia ranked 163 in total exports ($483M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, India was ranked 152 with a GDP Per Capita of $2,010, and Somalia was ranked 195 with a GDP Per Capita of $315.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, India exported $427M to Somalia. The main products exported from India to Somalia were Rice ($126M), Raw Sugar ($87.4M), and Rubber Footwear ($63.9M). During the last 23 years the exports of India to Somalia have increased at an annualized rate of 20.3%, from $6.05M in 1995 to $427M in 2018.

In 2018, Somalia exported $11.2M to India. The main products exported from Somalia to India were Other Oily Seeds ($8.26M), Industrial Fatty Acids, Oils and Alcohols ($1.44M), and Insect Resins ($644k). During the last 23 years the exports of Somalia to India have increased at an annualized rate of 13.4%, from $616k in 1995 to $11.2M in 2018.

Market Competitiveness

#permalink to section
Measure

India
Top Destination
: United States, $52B

Somalia
Top Destination
: United Arab Emirates, $148M

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 2018, countries that imported more from India than Somalia were United States ($52B), United Arab Emirates ($27.1B), and China ($16.6B).

In 2018, no countries were registered that imported more from Somalia than from India.

Comparative Advantage India - Somalia

#permalink to section
Depth

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

During 2018, India had a large net trade with Somalia in the exports of Vegetable Products ($132M), Foodstuffs ($101M), and Footwear and Headwear ($66.2M).

During 2018, Somalia had a large net trade with India in the exports of Vegetable Products ($8.92M), Chemical Products ($1.46M), and Metals ($594k).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between India and Somalia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more India has comparative advantage over Somalia. Similarly, the more red a dot/product is, the more Somalia has comparative advantage over India.