2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC
$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH
0%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.

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 Destination
Germany$78.1B
Somalia
Top Destination
United 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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