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Pricing

2022
Flag → Flag
Exports $29MRnk 157 / 221
2022
Flag → Flag
Top Product $10.2MSawn Wood
2022
Flag → Flag
Exports $279kRnk 34 / 95
2022
Flag → Flag
Top Product $261kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Somalia Trade: In 2022, Italy exported $29M to Somalia. The main products that Italy exported to Somalia were Sawn Wood ($10.2M), Used Clothing ($1.31M), and Baked Goods ($1.25M). Over the past 5 years the exports of Italy to Somalia have decreased at an annualized rate of 5.13%, from $37.7M in 2017 to $29M in 2022.

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

Somalia-Italy Trade: In 2022, Somalia exported $279k to Italy. The main products that Somalia exported to Italy were Other Oily Seeds ($261k) and Insect Resins ($17.5k). Over the past 5 years the exports of Somalia to Italy have decreased at an annualized rate of 14.6%,  from $613k in 2017 to $279k in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Somalia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Somalia were . In N/A the top imports of Italy from Somalia were .

Growth In N/A, the N/A in Italy's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Somalia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $29M to Somalia. The main products exported from Italy to Somalia were Sawn Wood ($10.2M), Used Clothing ($1.31M), and Baked Goods ($1.25M). During the last 5 years the exports of Italy to Somalia have decreased at an annualized rate of 5.13%, from $37.7M in 2017 to $29M in 2022.

In 2017, Somalia exported $279k to Italy. The main products exported from Somalia to Italy were Other Oily Seeds ($261k) and Insect Resins ($17.5k). During the last 5 years the exports of Somalia to Italy have decreased at an annualized rate of 14.6%, from $613k in 2022 to $279k in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Italy than Somalia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Somalia than from Italy.

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

Comparative Advantage Italy - Somalia

Flow
Scale

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

During 2022, Italy had a large net trade with Somalia in the exports of Wood Products ($10.2M), Machines ($4.37M), and Foodstuffs ($2.46M).

During 2017, Somalia had a large net trade with Italy in the exports of Vegetable Products ($279k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Somalia+$964kPackaged Medicaments
Top Product Potential Somalia Italy+$213kOther Oily Seeds

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

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

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