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2023
Flag → Flag
Exports $1.92MRnk 167 / 217
2023
Flag → Flag
Top Product $1.08MOther Edible Preparations
2023
Flag → Flag
Exports $78.3kRnk 40 / 92
2023
Flag → Flag
Top Product $36.5kEssential Oils
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Singapore-Somalia Trade: In 2023, Singapore exported $1.92M to Somalia. The main products that Singapore exported to Somalia were Other Edible Preparations ($1.08M), Malt Extract ($622k), and Palm Oil ($155k). Over the past 5 years the exports of Singapore to Somalia have increased at an annualized rate of 11.8%, from $1.1M in 2018 to $1.92M in 2023.

In 2023, Singapore did not export any services to Somalia.

Somalia-Singapore Trade: In 2023, Somalia exported $78.3k to Singapore. The main products that Somalia exported to Singapore were Essential Oils ($36.5k), Processed Crustaceans ($27.2k), and Live Fish ($14.5k). Over the past 5 years the exports of Somalia to Singapore have decreased at an annualized rate of 20.6%,  from $248k in 2018 to $78.3k in 2023.

In 2023, Somalia did not export any services to Singapore.

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $1.92M to Somalia. The main products exported from Singapore to Somalia were Other Edible Preparations ($1.08M), Malt Extract ($622k), and Palm Oil ($155k). During the last 5 years the exports of Singapore to Somalia have increased at an annualized rate of 11.8%, from $1.1M in 2018 to $1.92M in 2023.

In 2018, Somalia exported $78.3k to Singapore. The main products exported from Somalia to Singapore were Essential Oils ($36.5k), Processed Crustaceans ($27.2k), and Live Fish ($14.5k). During the last 5 years the exports of Somalia to Singapore have decreased at an annualized rate of 20.6%, from $248k in 2023 to $78.3k in 2018.

Exports from Singapore (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Somalia (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Somalia
Top DestinationUnited Arab Emirates$360M

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 2023, countries that imported more from Singapore than Somalia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, no countries were registered that imported more from Somalia than from Singapore.

Difference in imports from Somalia (Flag) and Singapore (Flag) (2023)

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 2023, Singapore had a large net trade with Somalia in the exports of Foodstuffs ($1.7M), Animal and Vegetable Bi-Products ($155k), and Chemical Products ($39.3k).

During 2018, Somalia had a large net trade with Singapore in the exports of Chemical Products ($36.5k), Foodstuffs ($27.2k), and Animal Products ($14.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Somalia. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and Somalia (Flag) (2023)

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