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Flag → Flag
Exports $293kRnk 52 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

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

Somalia-Nigeria Trade: In N/A, Somalia exported $293k to Nigeria. The main products that Somalia exported to Nigeria were N/A. Over the past N/A years the exports of Somalia to Nigeria have increased at an annualized rate of 106%,  from $7.91k in N/A to $293k in N/A.

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

Comparison In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75),  and 52 in total exports ($61B). That same year, Somalia ranked 161 in total exports ($1.03B), 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 $293k to Nigeria. There were not main exports from Somalia to Nigeria in 2017. During the last 5 years the exports of Somalia to Nigeria have increased at an annualized rate of 106%, from $7.91k in 2022 to $293k in 2017.

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

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

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Somalia
Top DestinationUnited Arab Emirates$360M

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 2023, countries that imported more from Nigeria than Somalia included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Somalia than Nigeria included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

Difference in imports from Somalia (Flag) and Nigeria (Flag) (2023)

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 .

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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