Somalia (SOM) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Somalia-Canada Trade: In 2023, Somalia exported $289k to Canada. The main products that Somalia exported to Canada were Essential Oils ($174k), Processed Crustaceans ($27.2k), and Excavation Machinery ($13.7k). Over the past 5 years the exports of Somalia to Canada have decreased at an annualized rate of 13.6%, from $602k in 2018 to $289k in 2023.

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

Canada-Somalia In N/A, Canada did not export any products to Somalia.

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

Comparison In 2023, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $289k to Canada. The main products exported from Somalia to Canada were Essential Oils ($174k), Processed Crustaceans ($27.2k), and Excavation Machinery ($13.7k). During the last 5 years the exports of Somalia to Canada have decreased at an annualized rate of 13.6%, from $602k in 2018 to $289k in 2023.

Canada does not register exports to Somalia. The main products exported from Canada to Somalia were Machinery Having Individual Functions ($818k), Other Edible Preparations ($259k), and Excavation Machinery ($191k).

Exports from Somalia () to Canada () (2023)

Exports from Canada () to Somalia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Somalia than Canada included Oman ($180M) and Djibouti ($84.2M).

In 2023, countries that imported more from Canada than Somalia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada () and Somalia () (2023)

Comparative Advantage Somalia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Canada in the exports of Chemical Products ($182k), Machines ($33.7k), and Foodstuffs ($29.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Canada+$82.8kEssential Oils

Top Product Potential Canada Somalia+$726kCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Canada () (2023)

Exports from Canada () to Somalia () (2023)

Market Competitiveness

Difference in imports from Canada () and Somalia () (2023)

Comparative Advantage Somalia - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Canada () (2023)

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