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Pricing

2022
Flag → Flag
Exports $4.9MRnk 153 / 215
2022
Flag → Flag
Top Product $3.25MPalm Oil
2022
Flag → Flag
Exports $51.2kRnk 49 / 95
2022
Flag → Flag
Top Product $11.9kProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.53Rnk 5 / 124
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Singapore-Somalia In 2022, Singapore exported $4.9M to Somalia. The main products that Singapore exported to Somalia are Palm Oil ($3.25M), Industrial Fatty Acids, Oils and Alcohols ($558k), and Malt Extract ($310k). During the last 23 years the exports of Singapore to Somalia have increased at an annualized rate of 0.17%, from $4.72M in 1999 to $4.9M in 2022.

In 2022, Singapore did not export any services to Somalia.

Somalia-Singapore In 2022, Somalia exported $51.2k to Singapore. The main products that Somalia exported to Singapore were Processed Crustaceans ($11.9k), Transmissions ($8.65k), and Essential Oils ($6.64k). During the last 23 years the exports of Somalia to Singapore have decreased at an annualized rate of 1.65%, from $75.1k in 1999 to $51.2k in 2022.

In 2022, Somalia did not export any services to Singapore.

Comparison In 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53),  and 21 in total exports ($379B). 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, Singapore exported $4.9M to Somalia. The main products exported from Singapore to Somalia were Palm Oil ($3.25M), Industrial Fatty Acids, Oils and Alcohols ($558k), and Malt Extract ($310k). During the last 23 years the exports of Singapore to Somalia have increased at an annualized rate of 0.17%, from $4.72M in 1999 to $4.9M in 2022.

In 2022, Somalia exported $51.2k to Singapore. The main products exported from Somalia to Singapore were Processed Crustaceans ($11.9k), Transmissions ($8.65k), and Essential Oils ($6.64k). During the last 23 years the exports of Somalia to Singapore have decreased at an annualized rate of 1.65%, from $75.1k in 1999 to $51.2k in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and Somalia (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2021, countries that imported more from Singapore than Somalia were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2019, no countries were registered that imported more from Somalia than from Singapore.

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

Comparative Advantage Singapore - Somalia

Flow
Scale

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

During 2022, Singapore had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($3.25M), Chemical Products ($563k), and Foodstuffs ($559k).

During 2022, Somalia had a large net trade with Singapore in the exports of Machines ($27.5k), Foodstuffs ($11.9k), and Chemical Products ($6.74k).

Economic Complexity

Competitive Landscape

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

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

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