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Pricing

2021
Flag → Flag
Exports $1.04kRnk 17 / 0
2021
Flag → Flag
Exports $1.39BRnk 7 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 106 / 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$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Somalia-Peru Trade: In 2021, Somalia exported $1.04k to Peru. The main products that Somalia exported to Peru were N/A. Over the past 6 years the exports of Somalia to Peru have increased at an annualized rate of 16.2%, from $424 in 2015 to $1.04k in 2021.

In 2021, Somalia did not export any services to Peru.

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

In 2021, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Somalia exported $1.04k to Peru. There were not main exports from Somalia to Peru in 2021. During the last 6 years the exports of Somalia to Peru have increased at an annualized rate of 16.2%, from $424 in 2015 to $1.04k in 2021.

Peru does not register exports to Somalia.

Exports from Somalia (Flag) to Peru (Flag) (2021)

Exports from Peru (Flag) to Somalia (Flag) (2021)

Latest Data

Trade between Somalia (Flag) and Peru (Flag)

Peru Exports

Date

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Somalia than Peru included Oman ($173M), Bahrain ($9M), and Qatar ($8.77M).

In 2022, countries that imported more from Peru than Somalia included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

Comparative Advantage Somalia - Peru

Flow
Scale

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

During 2021, Somalia had a large net trade with Peru in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Peru+$2.88kGold
Top Product Potential Peru Somalia+$2.59kRefined Petroleum

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

Product Space of Somalia (Flag) and Peru (Flag) (2021)

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