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Pricing

2022
Flag → Flag
Exports $278kRnk 179 / 209
2022
Flag → Flag
Top Product $92.1kMedical Instruments
2022
Flag → Flag
Exports $31.9kRnk 54 / 95
2022
Flag → Flag
Top Product $27.3kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Norway-Somalia Trade: In 2022, Norway exported $278k to Somalia. The main products that Norway exported to Somalia were Medical Instruments ($92.1k), Cars ($42.9k), and Delivery Trucks ($38.1k). Over the past 5 years the exports of Norway to Somalia have decreased at an annualized rate of 45.8%, from $5.93M in 2017 to $278k in 2022.

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

Somalia-Norway Trade: In 2022, Somalia exported $31.9k to Norway. The main products that Somalia exported to Norway were Other Oily Seeds ($27.3k), Shaving Products ($1.55k), and Tea ($1.08k). Over the past 5 years the exports of Somalia to Norway have increased at an annualized rate of 27.9%,  from $9.33k in 2017 to $31.9k in 2022.

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

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK0 and imported NOK0 from Somalia, resulting in a remained the same trade balance of NOK0. Between September 2023 and September 2024 the exports of Norway have decreased by NOK-109k (-100%) from NOK109k to NOK0, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In September 2024, the top exports of Norway to Somalia were Road vehicles (including air-cushion vehicles) (NOK170k), Power-generating machinery and equipment (NOK54k), Telecommunications and sound-recording and reproducing apparatus... (NOK20k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK5k), and Miscellaneous manufactured articles, n.e.s. (NOK3k). In September 2024 the top imports of Norway from Somalia were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In September 2024, the decrease in Norway's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Photographic apparatus, equipment and supplies and... (NOK-7k or -100%). In September 2024, the change in Norway's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK-109k(-100%)
IMPORT GROWTH (September 2023 - September 2024)NOK0(N/A%)

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

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

For full datasets download visit Bulk Download page.

Explore Somalia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $278k to Somalia. The main products exported from Norway to Somalia were Medical Instruments ($92.1k), Cars ($42.9k), and Delivery Trucks ($38.1k). During the last 5 years the exports of Norway to Somalia have decreased at an annualized rate of 45.8%, from $5.93M in 2017 to $278k in 2022.

In 2017, Somalia exported $31.9k to Norway. The main products exported from Somalia to Norway were Other Oily Seeds ($27.3k), Shaving Products ($1.55k), and Tea ($1.08k). During the last 5 years the exports of Somalia to Norway have increased at an annualized rate of 27.9%, from $9.33k in 2022 to $31.9k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Norway than Somalia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Somalia than Norway included Oman ($173M).

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

Comparative Advantage Norway - Somalia

Flow
Scale

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

During 2022, Norway had a large net trade with Somalia in the exports of Instruments ($97.8k), Transportation ($89.6k), and Machines ($59k).

During 2017, Somalia had a large net trade with Norway in the exports of Vegetable Products ($30.1k), Chemical Products ($1.55k), and Machines ($293).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Somalia+$78.3kCars
Top Product Potential Somalia Norway+$33.4kOther 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 Norway and Somalia. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Norway.

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

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