Somalia (SOM) and Peru (PER) Trade | The Observatory of Economic Complexity

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Somalia-Peru Trade: In 2023, Somalia exported $503 to Peru. The main products that Somalia exported to Peru were Electrical Power Accessories ($439), Other Cast Iron Products ($22), and Air Pumps ($15). Over the past 7 years the exports of Somalia to Peru have decreased at an annualized rate of 20.2%, from $2.45k in 2016 to $503 in 2023.

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

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

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $503 to Peru. The main products exported from Somalia to Peru were Electrical Power Accessories ($439), Other Cast Iron Products ($22), and Air Pumps ($15). During the last 7 years the exports of Somalia to Peru have decreased at an annualized rate of 20.2%, from $2.45k in 2016 to $503 in 2023.

Peru does not register exports to Somalia.

Exports from Somalia () to Peru () (2023)

Exports from Peru () to Somalia () (2023)

Latest Data

Trade between Somalia () and Peru ()

Peru Exports

Date

Mar 2014

Jun 2013

Jun 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Peru than Somalia included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Somalia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Peru in the exports of Machines ($470), Metals ($22), and Plastics and Rubbers ($7).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Peru () (2023)

Exports from Peru () to Somalia () (2023)

Latest Data

Trade between Somalia () and Peru ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Somalia - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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