Somalia (SOM) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Somalia-Kuwait Trade: In 2023, Somalia exported $4.85M to Kuwait. The main products that Somalia exported to Kuwait were Sheep and Goats ($2.05M), Bovine ($1.85M), and Citrus ($580k). Over the past 5 years the exports of Somalia to Kuwait have increased at an annualized rate of 47%, from $705k in 2018 to $4.85M in 2023.

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

Kuwait-Somalia Trade: In 2023, Kuwait exported $230k to Somalia. The main products that Kuwait exported to Somalia were Refined Petroleum ($152k), Cars ($27.7k), and Motor vehicle (8701 to 8705) chassis fitted with engine ($17.3k). Over the past 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 4.68%, from $183k in 2018 to $230k in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $4.85M to Kuwait. The main products exported from Somalia to Kuwait were Sheep and Goats ($2.05M), Bovine ($1.85M), and Citrus ($580k). During the last 5 years the exports of Somalia to Kuwait have increased at an annualized rate of 47%, from $705k in 2018 to $4.85M in 2023.

In 2018, Kuwait exported $230k to Somalia. The main products exported from Kuwait to Somalia were Refined Petroleum ($152k), Cars ($27.7k), and Motor vehicle (8701 to 8705) chassis fitted with engine ($17.3k). During the last 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 4.68%, from $183k in 2023 to $230k in 2018.

Exports from Somalia () to Kuwait () (2023)

Exports from Kuwait () to Somalia () (2023)

Latest Data

Trade between Somalia () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Somalia than Kuwait included Djibouti ($84.2M), Macau ($19.9M), and Azerbaijan ($960k).

In 2023, countries that imported more from Kuwait than Somalia included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Somalia - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Kuwait in the exports of Animal Products ($4.23M), Vegetable Products ($606k), and Chemical Products ($3.26k).

During 2018, Kuwait had a large net trade with Somalia in the exports of Mineral Products ($152k), Transportation ($64.8k), and Machines ($6.51k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Kuwait+$1.86MSheep and Goats

Top Product Potential Kuwait Somalia+$517kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Kuwait () (2023)

Exports from Kuwait () to Somalia () (2023)

Latest Data

Trade between Somalia () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Somalia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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