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Pricing

2020
Flag → Flag
Exports $35kRnk 4 / 0
2020
Flag → Flag
Exports $2.97MRnk 12 / 95
2020
Flag → Flag
Top Product $2.92MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Senegal-Somalia Trade: In 2020, Senegal exported $35k to Somalia. The main products that Senegal exported to Somalia were N/A. Over the past 16 years the exports of Senegal to Somalia have increased at an annualized rate of 2.49%, from $23.6k in 2004 to $35k in 2020.

In 2020, Senegal did not export any services to Somalia.

Somalia-Senegal Trade: In 2020, Somalia exported $2.97M to Senegal. The main products that Somalia exported to Senegal were Non-fillet Frozen Fish ($2.92M) and Wood Carpentry ($55k). Over the past 16 years the exports of Somalia to Senegal have increased at an annualized rate of 233%,  from $7.3k in 2004 to $2.97M in 2020.

In 2020, Somalia did not export any services to Senegal.

Comparison In 2022,  Senegal ranked 85 in the Economic Complexity Index (ECI -0.5),  and 120 in total exports ($6.2B). 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 2020, Senegal exported $35k to Somalia. There were not main exports from Senegal to Somalia in 2020. During the last 16 years the exports of Senegal to Somalia have increased at an annualized rate of 2.49%, from $23.6k in 2004 to $35k in 2020.

In 2017, Somalia exported $2.97M to Senegal. The main products exported from Somalia to Senegal were Non-fillet Frozen Fish ($2.92M) and Wood Carpentry ($55k). During the last 5 years the exports of Somalia to Senegal have increased at an annualized rate of 233%, from $7.3k in 2022 to $2.97M in 2017.

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

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

Latest Data

Trade between Senegal (Flag) and Somalia (Flag)

Senegal Exports

Market Competitiveness

Color
Senegal
Top DestinationMali$1.13B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Senegal than Somalia included Mali ($1.13B), India ($1B), and Switzerland ($662M).

In 2022, countries that imported more from Somalia than Senegal included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

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

Comparative Advantage Senegal - Somalia

Flow
Scale

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

During 2020, Senegal had a large net trade with Somalia in the exports of .

During 2017, Somalia had a large net trade with Senegal in the exports of Animal Products ($2.92M) and Wood Products ($55k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Senegal Somalia+$2.41kRefined Petroleum
Top Product Potential Somalia Senegal+$1.65kGold

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

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

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