North Macedonia (MKD) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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In N/A, North Macedonia did not export any services to Somalia.

Somalia-North Macedonia Trade: In N/A, Somalia exported $2 to North Macedonia. The main products that Somalia exported to North Macedonia were Essential Oils ($2). Over the past N/A years the exports of Somalia to North Macedonia have decreased at an annualized rate of 74.3%, from $1.77k in N/A to $2 in N/A.

In N/A, Somalia did not export any services to North Macedonia.

Comparison In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

North Macedonia does not register exports to Somalia.

In 2017, Somalia exported $2 to North Macedonia. The main products exported from Somalia to North Macedonia were Essential Oils ($2). During the last 5 years the exports of Somalia to North Macedonia have decreased at an annualized rate of 74.3%, from $1.77k in 2022 to $2 in 2017.

Exports from North Macedonia () to Somalia () (2022)

Exports from Somalia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Somalia ()

North Macedonia Exports

Date

Nov 2020

Feb 2020

Oct 2018

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from North Macedonia than Somalia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Somalia than North Macedonia included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

Difference in imports from Somalia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Somalia had a large net trade with North Macedonia in the exports of Chemical Products ($2).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Somalia+$1.67kInsulated Wire

Top Product Potential Somalia North Macedonia+$1.74kGold

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

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Somalia. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Somalia () (2022)

Exports from Somalia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Somalia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Somalia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Somalia () (2022)

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