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Pricing

2022
Flag → Flag
Exports $7.13MRnk 100 / 187
2022
Flag → Flag
Top Product $2.92MCentrifuges
2022
Flag → Flag
Exports $126Rnk 61 / 95
2022
Flag → Flag
Top Product $13kLive Fish
2022
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
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GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
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GDP GROWTH99%CURRENT US$
Rnk 14 / 186
2022
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
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GDP PC $54,660CURRENT US$
Rnk 15 / 186
2012-2022
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GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Israel-Somalia Trade: In 2022, Israel exported $7.13M to Somalia. The main products that Israel exported to Somalia were Centrifuges ($2.92M), Broadcasting Equipment ($2.44M), and Chemical Analysis Instruments ($690k). Over the past 7 years the exports of Israel to Somalia have increased at an annualized rate of 84.2%, from $99k in 2015 to $7.13M in 2022.

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

Somalia-Israel In N/A, Somalia did not export any products to Israel.

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

Comparison In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23),  and 49 in total exports ($76.9B). 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, Israel exported $7.13M to Somalia. The main products exported from Israel to Somalia were Centrifuges ($2.92M), Broadcasting Equipment ($2.44M), and Chemical Analysis Instruments ($690k). During the last 7 years the exports of Israel to Somalia have increased at an annualized rate of 84.2%, from $99k in 2015 to $7.13M in 2022.

Somalia does not register exports to Israel. The main products exported from Somalia to Israel were Live Fish ($13k).

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

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

Market Competitiveness

Color
Israel
Top DestinationUnited States$20.3B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Israel than Somalia included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

In 2022, countries that imported more from Somalia than Israel included Oman ($173M), Kuwait ($13.5M), and Qatar ($8.77M).

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

Comparative Advantage Israel - Somalia

Flow
Scale

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

During 2022, Israel had a large net trade with Somalia in the exports of Machines ($6.03M), Instruments ($692k), and Transportation ($313k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Somalia+$1.08MTelephones
Top Product Potential Somalia Israel+$3.34kGold

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

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

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