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2020
Flag → Flag
Exports $2.62kRnk 46 / 0
2020
Flag → Flag
Exports $2.22MRnk 107 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Somalia-Mexico Trade: In 2020, Somalia exported $2.62k to Mexico. The main products that Somalia exported to Mexico were N/A. Over the past 8 years the exports of Somalia to Mexico have decreased at an annualized rate of 49.2%, from $593k in 2012 to $2.62k in 2020.

In 2020, Somalia did not export any services to Mexico.

Mexico-Somalia In N/A, Mexico did not export any products to Somalia.

In 2020, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Somalia exported $2.62k to Mexico. There were not main exports from Somalia to Mexico in 2020. During the last 8 years the exports of Somalia to Mexico have decreased at an annualized rate of 49.2%, from $593k in 2012 to $2.62k in 2020.

Mexico does not register exports to Somalia.

Exports from Somalia (Flag) to Mexico (Flag) (2020)

Exports from Mexico (Flag) to Somalia (Flag) (2020)

Latest Data

Trade between Somalia (Flag) and Mexico (Flag)

Mexico Exports

Date

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Mexico
Top DestinationUnited States$456B

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

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

In 2023, countries that imported more from Mexico than Somalia included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - Mexico

Flow
Scale

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

During 2020, Somalia had a large net trade with Mexico in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Mexico+$3.2kGold
Top Product Potential Mexico Somalia+$4.5kCars

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

Product Space of Somalia (Flag) and Mexico (Flag) (2020)

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