Flag Saudi Arabia / Somalia Flag

Exports FlagFlag  (2018): $61.2M, Rnk 71 / 180

Top Product FlagFlag (2018): $24.9M, Concentrated Milk

Exports FlagFlag (2018): $73M, Rnk 3 / 67

Top Product FlagFlag (2018): $70.2M, Sheep and Goats

Economic Complexity of Flag (2018): ECI 0.93, Rnk 27 / 137

Saudi Arabia-Somalia: In 2018, Saudi Arabia exported $61.2M to Somalia. The main products exported from Saudi Arabia to Somalia were Concentrated Milk ($24.9M), Tropical Fruits ($8.14M), and Fruit Juice ($4.01M). During the last 23 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 7.82%, from $10.8M in 1995 to $61.2M in 2018.

Somalia-Saudi Arabia: In 2018, Somalia exported $73M to Saudi Arabia. The main products exported from Somalia to Saudi Arabia were Sheep and Goats ($70.2M), Citrus ($1.5M), and Insect Resins ($431k). During the last 23 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 1.18%, from $95.8M in 1995 to $73M in 2018.

Comparison: In 2018, Saudi Arabia ranked 27 in the Economic Complexity Index (ECI 0.93), and 21 in total exports ($263B). 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, Saudi Arabia exported $61.2M to Somalia. The main products exported from Saudi Arabia to Somalia were Concentrated Milk ($24.9M), Tropical Fruits ($8.14M), and Fruit Juice ($4.01M). During the last 23 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 7.82%, from $10.8M in 1995 to $61.2M in 2018.

In 2018, Somalia exported $73M to Saudi Arabia. The main products exported from Somalia to Saudi Arabia were Sheep and Goats ($70.2M), Citrus ($1.5M), and Insect Resins ($431k). During the last 23 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 1.18%, from $95.8M in 1995 to $73M in 2018.

Market Competitiveness

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Measure

Saudi Arabia
Top Destination
: China, $37.5B

Somalia
Top Destination
: United Arab Emirates, $148M

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

In 2018, countries that imported more from Saudi Arabia than Somalia were China ($37.5B), Japan ($29.4B), and India ($26.3B).

In 2018, countries that imported more from Somalia than Saudi Arabia were Israel ($19k) and Antigua and Barbuda ($21k).

Comparative Advantage Saudi Arabia - Somalia

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Depth

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

During 2018, Saudi Arabia had a large net trade with Somalia in the exports of Animal Products ($25.7M), Foodstuffs ($10.6M), and Vegetable Products ($8.27M).

During 2018, Somalia had a large net trade with Saudi Arabia in the exports of Animal Products ($70.6M), Vegetable Products ($2.39M), and Wood Products ($6.9k).

Trade Forecasts

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This section shows a forecast for total trade between Saudi Arabia 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 Saudi Arabia has comparative advantage over Somalia. Similarly, the more red a dot/product is, the more Somalia has comparative advantage over Saudi Arabia.