India / Somalia

Overview In January 2024, India exported $82.4M and imported $1.16M from Somalia, resulting in a positive trade balance of $81.2M. Between January 2023 and January 2024 the exports of India have increased by $6.73M (8.9%) from $75.6M to $82.4M, while imports decreased by $-198k (-14.6%) from $1.36M to $1.16M.

Trade In January 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 January 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 January 2024, the increase in India's year-by-year exports to Somalia was explained primarily by an increase in product exports in Sugar ($9.44M or 30%), Motor Vehicle/Cars ($4.37M or 191%), and Misc Processed Items ($1.06M or 144%). In January 2024, the decrease in India's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Copper And Prdcts Made Of Copr ($-96.5k or -47.3%) and Other Commodities ($-52.3k or -20.1%).