Flag Singapore / Somalia Flag

Exports Flag β†’ Flag  (2018): $1.1M, Rnk 179 / 213

Top Product Flag β†’ Flag (2018): $429k, Industrial Fatty Acids, Oils and Alcohols

Exports Flag β†’ Flag (2018): $244k, Rnk 33 / 67

Top Product Flag β†’ Flag (2018): $229k, Processed Fish

Economic Complexity of Flag (2018): ECI 1.71, Rnk 6 / 137

GDP Flag (2018): $364B, CURRENT US$
Rnk 33 / 196

GDP GROWTH Flag (2008-2018): 88.1%, CURRENT US$
Rnk 43 / 196

GDP Flag (2018): $4.72B, CURRENT US$
Rnk 157 / 196

GDP GROWTH Flag (2008-2018): 0%, CURRENT US$
Rnk 165 / 196

GDP PC Flag (2018): $64,582, CURRENT US$
Rnk 9 / 196

GDP PC GROWTH Flag (2008-2018): 61.4%, CURRENT US$
Rnk 37 / 196

GDP PC Flag (2018): $315, CURRENT US$
Rnk 195 / 196

GDP PC GROWTH Flag (2008-2018): 0%, CURRENT US$
Rnk 145 / 196

Singapore-Somalia: In 2018, Singapore exported $1.1M to Somalia. The main products that Singapore exported to Somalia are Industrial Fatty Acids, Oils and Alcohols ($429k), Uncoated Paper ($284k), and Packaged Medicaments ($132k). During the last 19 years the exports of Singapore to Somalia have decreased at an annualized rate of 7.39%, from $4.72M in 1999 to $1.1M in 2018.

In 2018, Singapore did not exported services to Somalia.

Somalia-Singapore: In 2018, Somalia exported $244k to Singapore . The main products that Somalia exported to Singapore were Processed Fish ($229k), Other Plastic Products ($9.86k), and Essential Oils ($5.28k). During the last 19 years the exports of Singapore to Somalia have decreased at an annualized rate of 7.39%, from $4.72M in 1999 to $1.1M in 2018.

In 2018, Somalia did not exported services to Singapore.

Comparison: In 2018,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.71),  and 17 in total exports ($323B). That same year, Somalia ranked 163 in total exports ($483M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2018, Singapore exported $1.1M to Somalia. The main products exported from Singapore to Somalia were Industrial Fatty Acids, Oils and Alcohols ($429k), Uncoated Paper ($284k), and Packaged Medicaments ($132k). During the last 19 years the exports of Singapore to Somalia have decreased at an annualized rate of 7.39%, from $4.72M in 1999 to $1.1M in 2018.

In 2018, Somalia exported $244k to Singapore. The main products exported from Somalia to Singapore were Processed Fish ($229k), Other Plastic Products ($9.86k), and Essential Oils ($5.28k). During the last 19 years the exports of Somalia to Singapore have increased at an annualized rate of 6.31%, from $76.4k in 1999 to $244k in 2018.

Market Competitiveness

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Measure

Singapore
Top Destination
: China, $44.3B

Somalia
Top Destination
: United Arab Emirates, $148M

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 2018, countries that imported more from Singapore than Somalia were China ($44.3B), Hong Kong ($41.5B), and Malaysia ($32.3B).

In 2018, no countries were registered that imported more from Somalia than from Singapore.

Comparative Advantage Singapore - Somalia

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Depth

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

During 2018, Singapore had a large net trade with Somalia in the exports of Chemical Products ($673k), Paper Goods ($296k), and Machines ($79.9k).

During 2018, Somalia had a large net trade with Singapore in the exports of Animal Products ($229k), Plastics and Rubbers ($9.86k), and Chemical Products ($5.28k).

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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 Singapore has comparative advantage over Somalia. Similarly, the more red a dot/product is, the more Somalia has comparative advantage over Singapore.