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Pricing

2022
Flag → Flag
Exports $3.54kRnk 72 / 95
2022
Flag → Flag
Top Product $3.54kIntegrated Circuits
2022
Flag → Flag
Exports $122MRnk 137 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 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$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Somalia-Dominican Republic Trade: In 2022, Somalia exported $3.54k to Dominican Republic. The main products that Somalia exported to Dominican Republic were Integrated Circuits ($3.54k). Over the past 6 years the exports of Somalia to Dominican Republic have increased at an annualized rate of 59.1%, from $218 in 2016 to $3.54k in 2022.

In 2022, Somalia did not export any services to Dominican Republic.

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

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $3.54k to Dominican Republic. The main products exported from Somalia to Dominican Republic were Integrated Circuits ($3.54k). During the last 6 years the exports of Somalia to Dominican Republic have increased at an annualized rate of 59.1%, from $218 in 2016 to $3.54k in 2022.

Dominican Republic does not register exports to Somalia.

Exports from Somalia (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Somalia (Flag) (2022)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Somalia than Dominican Republic included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Dominican Republic than Somalia included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

Difference in imports from Dominican Republic (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Dominican Republic

Flow
Scale

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

During 2022, Somalia had a large net trade with Dominican Republic in the exports of Machines ($3.54k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Dominican Republic+$2.5kGold
Top Product Potential Dominican Republic Somalia+$2.89kRolled Tobacco

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

Product Space of Somalia (Flag) and Dominican Republic (Flag) (2022)

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