Somalia (SOM) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Somalia-Malaysia Trade: In 2023, Somalia exported $1.33k to Malaysia. The main products that Somalia exported to Malaysia were Non-Knit Women's Suits ($659), Live Fish ($453), and Knit Babies' Garments ($110). Over the past 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 75%, from $1.36M in 2018 to $1.33k in 2023.

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

Malaysia-Somalia Trade: In 2023, Malaysia exported $122M to Somalia. The main products that Malaysia exported to Somalia were Palm Oil ($91.5M), Concentrated Milk ($18.1M), and Coconut Oil ($3.65M). Over the past 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 7.93%, from $83.3M in 2018 to $122M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $1.33k to Malaysia. The main products exported from Somalia to Malaysia were Non-Knit Women's Suits ($659), Live Fish ($453), and Knit Babies' Garments ($110). During the last 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 75%, from $1.36M in 2018 to $1.33k in 2023.

In 2018, Malaysia exported $122M to Somalia. The main products exported from Malaysia to Somalia were Palm Oil ($91.5M), Concentrated Milk ($18.1M), and Coconut Oil ($3.65M). During the last 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 7.93%, from $83.3M in 2023 to $122M in 2018.

Exports from Somalia () to Malaysia () (2023)

Exports from Malaysia () to Somalia () (2023)

Latest Data

Trade between Somalia () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Malaysia
Top DestinationChina$79.8B

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

In 2023, no countries were registered that imported more from Somalia than from Malaysia.

In 2023, countries that imported more from Malaysia than Somalia included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Somalia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Malaysia in the exports of Textiles ($879) and Animal Products ($453).

During 2018, Malaysia had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($95.1M), Animal Products ($18.1M), and Chemical Products ($4.15M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Malaysia+$5.31kGold

Top Product Potential Malaysia Somalia+$457kPlywood

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Malaysia () (2023)

Exports from Malaysia () to Somalia () (2023)

Latest Data

Trade between Somalia () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Somalia - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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