Somalia (SOM) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Somalia-Italy Trade: In 2022, Somalia exported $279k to Italy. The main products that Somalia exported to Italy were Other Oily Seeds ($261k) and Insect Resins ($17.5k). Over the past 5 years the exports of Somalia to Italy have decreased at an annualized rate of 14.6%, from $613k in 2017 to $279k in 2022.

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

Italy-Somalia Trade: In 2022, Italy exported $29M to Somalia. The main products that Italy exported to Somalia were Sawn Wood ($10.2M), Used Clothing ($1.31M), and Baked Goods ($1.25M). Over the past 5 years the exports of Italy to Somalia have decreased at an annualized rate of 5.13%, from $37.7M in 2017 to $29M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $279k to Italy. The main products exported from Somalia to Italy were Other Oily Seeds ($261k) and Insect Resins ($17.5k). During the last 5 years the exports of Somalia to Italy have decreased at an annualized rate of 14.6%, from $613k in 2017 to $279k in 2022.

In 2017, Italy exported $29M to Somalia. The main products exported from Italy to Somalia were Sawn Wood ($10.2M), Used Clothing ($1.31M), and Baked Goods ($1.25M). During the last 5 years the exports of Italy to Somalia have decreased at an annualized rate of 5.13%, from $37.7M in 2022 to $29M in 2017.

Exports from Somalia () to Italy () (2022)

Exports from Italy () to Somalia () (2022)

Latest Data

Trade between Somalia () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Somalia than from Italy.

In 2022, countries that imported more from Italy than Somalia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Somalia () (2022)

Comparative Advantage Somalia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Italy in the exports of Vegetable Products ($279k).

During 2017, Italy had a large net trade with Somalia in the exports of Wood Products ($10.2M), Machines ($4.37M), and Foodstuffs ($2.46M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Italy+$213kOther Oily Seeds

Top Product Potential Italy Somalia+$964kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Italy () (2022)

Exports from Italy () to Somalia () (2022)

Latest Data

Trade between Somalia () and Italy ()

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Somalia () (2022)

Comparative Advantage Somalia - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Italy () (2022)

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