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Pricing

2022
Flag → Flag
Exports $1.42MRnk 20 / 95
2022
Flag → Flag
Top Product $1.36MOther Oily Seeds
2022
Flag → Flag
Exports $30.5MRnk 159 / 224
2022
Flag → Flag
Top Product $12.8MConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 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$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Somalia-Netherlands Trade: In 2022, Somalia exported $1.42M to Netherlands. The main products that Somalia exported to Netherlands were Other Oily Seeds ($1.36M), Insect Resins ($47.4k), and Precious Stones ($3.57k). Over the past 6 years the exports of Somalia to Netherlands have increased at an annualized rate of 80.2%, from $41.4k in 2016 to $1.42M in 2022.

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

Netherlands-Somalia Trade: In 2022, Netherlands exported $30.5M to Somalia. The main products that Netherlands exported to Somalia were Concentrated Milk ($12.8M), Cranes ($7.88M), and Packaged Medicaments ($2.19M). Over the past 6 years the exports of Netherlands to Somalia have increased at an annualized rate of 21.3%,  from $11.6M in 2016 to $30.5M in 2022.

In 2022, Netherlands 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, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $1.42M to Netherlands. The main products exported from Somalia to Netherlands were Other Oily Seeds ($1.36M), Insect Resins ($47.4k), and Precious Stones ($3.57k). During the last 6 years the exports of Somalia to Netherlands have increased at an annualized rate of 80.2%, from $41.4k in 2016 to $1.42M in 2022.

In 2017, Netherlands exported $30.5M to Somalia. The main products exported from Netherlands to Somalia were Concentrated Milk ($12.8M), Cranes ($7.88M), and Packaged Medicaments ($2.19M). During the last 5 years the exports of Netherlands to Somalia have increased at an annualized rate of 21.3%, from $11.6M in 2022 to $30.5M in 2017.

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

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

Latest Data

Trade between Somalia (Flag) and Netherlands (Flag)

Netherlands Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Netherlands
Top DestinationGermany$131B

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

In 2022, no countries were registered that imported more from Somalia than from Netherlands.

In 2022, countries that imported more from Netherlands than Somalia included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

Difference in imports from Netherlands (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Netherlands

Flow
Scale

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

During 2022, Somalia had a large net trade with Netherlands in the exports of Vegetable Products ($1.41M), Precious Metals ($3.57k), and Textiles ($1.92k).

During 2017, Netherlands had a large net trade with Somalia in the exports of Animal Products ($13.6M), Machines ($9.42M), and Chemical Products ($2.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Netherlands+$213kOther Oily Seeds
Top Product Potential Netherlands Somalia+$2.14MPackaged Medicaments

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

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

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