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Pricing

2022
Flag → Flag
Exports $1.99MRnk 148 / 210
2022
Flag → Flag
Top Product $1.52MFrozen Bovine Meat
2022
Flag → Flag
Exports $81.6kRnk 44 / 95
2022
Flag → Flag
Top Product $58.7kShaped Wood
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

New Zealand-Somalia Trade: In 2022, New Zealand exported $1.99M to Somalia. The main products that New Zealand exported to Somalia were Frozen Bovine Meat ($1.52M), Sawn Wood ($405k), and Edible Offal ($36.8k). Over the past 5 years the exports of New Zealand to Somalia have decreased at an annualized rate of 9.32%, from $3.25M in 2017 to $1.99M in 2022.

In 2022, New Zealand did not export any services to Somalia.

Somalia-New Zealand Trade: In 2022, Somalia exported $81.6k to New Zealand. The main products that Somalia exported to New Zealand were Shaped Wood ($58.7k), Non-Knit Women's Suits ($11.1k), and Knit Sweaters ($2.81k). Over the past 5 years the exports of Somalia to New Zealand have increased at an annualized rate of 25.4%,  from $26.3k in 2017 to $81.6k in 2022.

In 2022, Somalia did not export any services to New Zealand.

Comparison In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46),  and 64 in total exports ($46.5B). 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, New Zealand exported $1.99M to Somalia. The main products exported from New Zealand to Somalia were Frozen Bovine Meat ($1.52M), Sawn Wood ($405k), and Edible Offal ($36.8k). During the last 5 years the exports of New Zealand to Somalia have decreased at an annualized rate of 9.32%, from $3.25M in 2017 to $1.99M in 2022.

In 2017, Somalia exported $81.6k to New Zealand. The main products exported from Somalia to New Zealand were Shaped Wood ($58.7k), Non-Knit Women's Suits ($11.1k), and Knit Sweaters ($2.81k). During the last 5 years the exports of Somalia to New Zealand have increased at an annualized rate of 25.4%, from $26.3k in 2022 to $81.6k in 2017.

Exports from New Zealand (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Somalia (Flag)

New Zealand Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from New Zealand than Somalia included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

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

Difference in imports from Somalia (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Somalia

Flow
Scale

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

During 2022, New Zealand had a large net trade with Somalia in the exports of Animal Products ($1.56M), Wood Products ($405k), and Machines ($28.3k).

During 2017, Somalia had a large net trade with New Zealand in the exports of Wood Products ($58.7k), Textiles ($21.8k), and Machines ($403).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Somalia+$270kSawn Wood
Top Product Potential Somalia New Zealand+$9.7kNon-Knit Women's Suits

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

Product Space of New Zealand (Flag) and Somalia (Flag) (2022)

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