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

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Somalia-Kuwait Trade: In 2022, Somalia exported $13.5M to Kuwait. The main products that Somalia exported to Kuwait were Bovine ($4.34M), Other Animals ($4.21M), and Sheep and Goats ($2.46M). Over the past 5 years the exports of Somalia to Kuwait have increased at an annualized rate of 108%, from $350k in 2017 to $13.5M in 2022.

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

Kuwait-Somalia Trade: In 2022, Kuwait exported $628k to Somalia. The main products that Kuwait exported to Somalia were Cars ($200k), Refined Petroleum ($154k), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($66k). Over the past 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 15.7%, from $170k in 2017 to $628k in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $13.5M to Kuwait. The main products exported from Somalia to Kuwait were Bovine ($4.34M), Other Animals ($4.21M), and Sheep and Goats ($2.46M). During the last 5 years the exports of Somalia to Kuwait have increased at an annualized rate of 108%, from $350k in 2017 to $13.5M in 2022.

In 2017, Kuwait exported $628k to Somalia. The main products exported from Kuwait to Somalia were Cars ($200k), Refined Petroleum ($154k), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($66k). During the last 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 15.7%, from $170k in 2022 to $628k in 2017.

Exports from Somalia () to Kuwait () (2022)

Exports from Kuwait () to Somalia () (2022)

Latest Data

Trade between Somalia () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Kuwait
Top DestinationChina$24.3B

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 2022, countries that imported more from Somalia than Kuwait included Bulgaria ($18.5M), Macau ($2.24M), and Namibia ($40.6k).

In 2022, countries that imported more from Kuwait than Somalia included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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 2022, Somalia had a large net trade with Kuwait in the exports of Animal Products ($11M), Vegetable Products ($2.49M), and Animal Hides ($5.04k).

During 2017, Kuwait had a large net trade with Somalia in the exports of Transportation ($433k), Mineral Products ($154k), and Instruments ($17.5k).

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 () (2022)

Exports from Kuwait () to Somalia () (2022)

Latest Data

Trade between Somalia () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Somalia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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