Flag Poland / Somalia Flag

Exports FlagFlag  (2018): $6.71M, Rnk 151 / 207

Top Product FlagFlag (2018): $2.99M, Electric Generating Sets

Exports FlagFlag (2018): $8.97k, Rnk 55 / 67

Top Product FlagFlag (2018): $8.97k, Engine Parts

Economic Complexity of Flag (2018): ECI 1.12, Rnk 22 / 137

Poland-Somalia: In 2018, Poland exported $6.71M to Somalia. The main products exported from Poland to Somalia were Electric Generating Sets ($2.99M), Cranes ($1.21M), and Fork-Lifts ($771k). During the last 16 years the exports of Poland to Somalia have increased at an annualized rate of 30.6%, from $94k in 2002 to $6.71M in 2018.

Somalia-Poland: In 2018, Somalia exported $8.97k to Poland. The main products exported from Somalia to Poland were Engine Parts ($8.97k). During the last 23 years the exports of Somalia to Poland have decreased at an annualized rate of 20.9%, from $385k in 1995 to $8.97k in 2018.

Comparison: In 2018, Poland ranked 22 in the Economic Complexity Index (ECI 1.12), and 23 in total exports ($259B). That same year, Somalia ranked 163 in total exports ($483M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Poland exported $6.71M to Somalia. The main products exported from Poland to Somalia were Electric Generating Sets ($2.99M), Cranes ($1.21M), and Fork-Lifts ($771k). During the last 16 years the exports of Poland to Somalia have increased at an annualized rate of 30.6%, from $94k in 2002 to $6.71M in 2018.

In 2018, Somalia exported $8.97k to Poland. The main products exported from Somalia to Poland were Engine Parts ($8.97k). During the last 23 years the exports of Somalia to Poland have decreased at an annualized rate of 20.9%, from $385k in 1995 to $8.97k in 2018.

Market Competitiveness

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Measure

Poland
Top Destination
: Germany, $70.7B

Somalia
Top Destination
: United Arab Emirates, $148M

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

In 2018, countries that imported more from Poland than Somalia were Germany ($70.7B), Czechia ($16.1B), and United Kingdom ($15.9B).

In 2018, countries that imported more from Somalia than Poland were Oman ($142M).

Comparative Advantage Poland - Somalia

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Depth

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

During 2018, Poland had a large net trade with Somalia in the exports of Machines ($5.74M), Foodstuffs ($325k), and Animal Products ($154k).

During 2018, Somalia had a large net trade with Poland in the exports of Machines ($8.97k).

Trade Forecasts

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This section shows a forecast for total trade between Poland and Somalia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Poland has comparative advantage over Somalia. Similarly, the more red a dot/product is, the more Somalia has comparative advantage over Poland.