Somalia (SOM) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Somalia-Israel Trade: In 2023, Somalia exported $7.01k to Israel. The main products that Somalia exported to Israel were Essential Oils ($3k), Silver ($3k), and Electrical Power Accessories ($1k). Over the past 5 years the exports of Somalia to Israel have decreased at an annualized rate of 18.9%, from $20k in 2018 to $7.01k in 2023.

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

Israel-Somalia Trade: In 2023, Israel exported $7.13M to Somalia. The main products that Israel exported to Somalia were N/A. Over the past 5 years the exports of Israel to Somalia have increased at an annualized rate of 280%, from $9k in 2018 to $7.13M in 2023.

In 2023, Israel 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $7.01k to Israel. The main products exported from Somalia to Israel were Essential Oils ($3k), Silver ($3k), and Electrical Power Accessories ($1k). During the last 5 years the exports of Somalia to Israel have decreased at an annualized rate of 18.9%, from $20k in 2018 to $7.01k in 2023.

In 2017, Israel exported $7.13M to Somalia. There were not main exports from Israel to Somalia in 2017. During the last 5 years the exports of Israel to Somalia have increased at an annualized rate of 280%, from $9k in 2022 to $7.13M in 2017.

Exports from Somalia () to Israel () (2023)

Exports from Israel () to Somalia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Somalia than Israel included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

In 2023, countries that imported more from Israel than Somalia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

Comparative Advantage Somalia - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Israel in the exports of Chemical Products ($3k), Precious Metals ($3k), and Machines ($1k).

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Israel+$3.34kGold

Top Product Potential Israel Somalia+$1.08MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Israel () (2023)

Exports from Israel () to Somalia () (2023)

Market Competitiveness

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

Comparative Advantage Somalia - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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