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Pricing

2022
Flag → Flag
Exports $4.5kRnk 68 / 95
2022
Flag → Flag
Top Product $3.43kEssential Oils
2022
Flag → Flag
Exports $173MRnk 158 / 218
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Somalia-Denmark Trade: In 2022, Somalia exported $4.5k to Denmark. The main products that Somalia exported to Denmark were Essential Oils ($3.43k), Other Wood Articles ($703), and Perfumes ($313). Over the past 8 years the exports of Somalia to Denmark have increased at an annualized rate of 0.21%, from $4.43k in 2014 to $4.5k in 2022.

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

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

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

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $4.5k to Denmark. The main products exported from Somalia to Denmark were Essential Oils ($3.43k), Other Wood Articles ($703), and Perfumes ($313). During the last 8 years the exports of Somalia to Denmark have increased at an annualized rate of 0.21%, from $4.43k in 2014 to $4.5k in 2022.

Denmark does not register exports to Somalia.

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

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

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Somalia than Denmark included Oman ($173M).

In 2022, countries that imported more from Denmark than Somalia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Somalia - Denmark

Flow
Scale

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

During 2022, Somalia had a large net trade with Denmark in the exports of Chemical Products ($3.8k) and Wood Products ($703).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Denmark+$6.33kEssential Oils
Top Product Potential Denmark Somalia+$532kComputers

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

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

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