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Pricing

2022
Flag → Flag
Exports $29.8kRnk 57 / 95
2022
Flag → Flag
Top Product $29.8kLive Fish
2022
Flag → Flag
Exports $1.31MRnk 138 / 194
2022
Flag → Flag
Top Product $1.25MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Somalia-Sri Lanka Trade: In 2022, Somalia exported $29.8k to Sri Lanka. The main products that Somalia exported to Sri Lanka were Live Fish ($29.8k). Over the past 6 years the exports of Somalia to Sri Lanka have increased at an annualized rate of 78%, from $935 in 2016 to $29.8k in 2022.

In 2022, Somalia did not export any services to Sri Lanka.

Sri Lanka-Somalia Trade: In 2022, Sri Lanka exported $1.31M to Somalia. The main products that Sri Lanka exported to Somalia were Refined Petroleum ($1.25M), Tea ($29.8k), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.4k). Over the past 6 years the exports of Sri Lanka to Somalia have increased at an annualized rate of 35.4%,  from $287k in 2016 to $1.31M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $29.8k to Sri Lanka. The main products exported from Somalia to Sri Lanka were Live Fish ($29.8k). During the last 6 years the exports of Somalia to Sri Lanka have increased at an annualized rate of 78%, from $935 in 2016 to $29.8k in 2022.

In 2017, Sri Lanka exported $1.31M to Somalia. The main products exported from Sri Lanka to Somalia were Refined Petroleum ($1.25M), Tea ($29.8k), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.4k). During the last 5 years the exports of Sri Lanka to Somalia have increased at an annualized rate of 35.4%, from $287k in 2022 to $1.31M in 2017.

Exports from Somalia (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Somalia (Flag) (2022)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Somalia than Sri Lanka included Oman ($173M) and Bulgaria ($18.5M).

In 2022, countries that imported more from Sri Lanka than Somalia included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Sri Lanka

Flow
Scale

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

During 2022, Somalia had a large net trade with Sri Lanka in the exports of Animal Products ($29.8k).

During 2017, Sri Lanka had a large net trade with Somalia in the exports of Mineral Products ($1.25M), Vegetable Products ($29.8k), and Transportation ($25.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Sri Lanka+$3.15kGold
Top Product Potential Sri Lanka Somalia+$1.96kRubber Tires

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

Product Space of Somalia (Flag) and Sri Lanka (Flag) (2022)

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