NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2022
Flag → Flag
Exports $293kRnk 5 / 0
2022
Flag → Flag
Exports $429MRnk 13 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 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$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Somalia-Nigeria Trade: In 2022, Somalia exported $293k to Nigeria. The main products that Somalia exported to Nigeria were N/A. Over the past 5 years the exports of Somalia to Nigeria have increased at an annualized rate of 106%, from $7.91k in 2017 to $293k in 2022.

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

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

In 2022, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $293k to Nigeria. There were not main exports from Somalia to Nigeria in 2022. During the last 5 years the exports of Somalia to Nigeria have increased at an annualized rate of 106%, from $7.91k in 2017 to $293k in 2022.

Nigeria does not register exports to Somalia.

Exports from Somalia (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Somalia (Flag) (2022)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Somalia than Nigeria included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

In 2023, countries that imported more from Nigeria than Somalia included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Comparative Advantage Somalia - Nigeria

Flow
Scale

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

During 2022, Somalia had a large net trade with Nigeria in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Nigeria+$63.9kEquine and Bovine Hides
Top Product Potential Nigeria Somalia+$3.55kPetroleum Gas

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Somalia and Nigeria. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Somalia.

Product Space of Somalia (Flag) and Nigeria (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms