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Flag → Flag
Exports $36.9MRnk 53 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

In N/A, Somalia did not export any services to Iran.

Iran-Somalia Trade: In N/A, Iran exported $36.9M to Somalia. The main products that Iran exported to Somalia were N/A. Over the past N/A years the exports of Iran to Somalia have increased at an annualized rate of 3.77%,  from $21.2M in N/A to $36.9M in N/A.

In N/A, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

Somalia does not register exports to Iran.

In 2017, Iran exported $36.9M to Somalia. There were not main exports from Iran to Somalia in 2017. During the last 5 years the exports of Iran to Somalia have increased at an annualized rate of 3.77%, from $21.2M in 2022 to $36.9M in 2017.

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

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

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Somalia than Iran included Saudi Arabia ($283M), Djibouti ($84.2M), and Macau ($19.9M).

In 2023, countries that imported more from Iran than Somalia included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

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

Comparative Advantage Somalia - Iran

Flow
Scale

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

During 2017, Iran had a large net trade with Somalia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Iran+$2.25kGold
Top Product Potential Iran Somalia+$2.19kCement

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

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

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