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Pricing

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Flag → Flag
Exports $277kRnk 35 / 95
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Flag → Flag
Top Product $269kTanned Equine and Bovine Hides
2022
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Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
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GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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 $2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 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

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

Somalia-Nigeria Trade: In N/A, Somalia exported $277k to Nigeria. The main products that Somalia exported to Nigeria were Tanned Equine and Bovine Hides ($269k), Non-Knit Men's Shirts ($3.9k), and Non-Knit Men's Suits ($3.19k). Over the past N/A years the exports of Somalia to Nigeria have increased at an annualized rate of 104%,  from $7.91k in N/A to $277k in N/A.

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

Comparison In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67),  and 51 in total exports ($70.7B). 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

Nigeria does not register exports to Somalia.

In 2017, Somalia exported $277k to Nigeria. The main products exported from Somalia to Nigeria were Tanned Equine and Bovine Hides ($269k), Non-Knit Men's Shirts ($3.9k), and Non-Knit Men's Suits ($3.19k). During the last 5 years the exports of Somalia to Nigeria have increased at an annualized rate of 104%, from $7.91k in 2022 to $277k in 2017.

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

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

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Nigeria than Somalia included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Somalia than Nigeria included Oman ($173M), Bulgaria ($18.5M), and Qatar ($8.77M).

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

Comparative Advantage Nigeria - Somalia

Flow
Scale

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

During 2017, Somalia had a large net trade with Nigeria in the exports of Animal Hides ($269k), Textiles ($7.09k), and Machines ($737).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Somalia+$3.55kPetroleum Gas
Top Product Potential Somalia Nigeria+$63.9kEquine and Bovine Hides

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

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

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