Somalia (SOM) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Somalia-Papua New Guinea Trade: In 2019, Somalia exported $20.5k to Papua New Guinea. The main products that Somalia exported to Papua New Guinea were N/A. Over the past 21 years the exports of Somalia to Papua New Guinea have increased at an annualized rate of 8.87%, from $3.44k in 1998 to $20.5k in 2019.

In 2019, Somalia did not export any services to Papua New Guinea.

Papua New Guinea-Somalia In false, Papua New Guinea did not export any products to Somalia.

In 2019, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Somalia exported $20.5k to Papua New Guinea. There were not main exports from Somalia to Papua New Guinea in 2019. During the last 21 years the exports of Somalia to Papua New Guinea have increased at an annualized rate of 8.87%, from $3.44k in 1998 to $20.5k in 2019.

Papua New Guinea does not register exports to Somalia.

Exports from Somalia () to Papua New Guinea () (2019)

Exports from Papua New Guinea () to Somalia () (2019)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from Somalia than Papua New Guinea included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Papua New Guinea than Somalia included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

Difference in imports from Papua New Guinea () and Somalia () (2022)

Comparative Advantage Somalia - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Somalia and Papua New Guinea by product, considering products traded by both, Somalia and Papua New Guinea.

During 2019, Somalia had a large net trade with Papua New Guinea in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Papua New Guinea+$974Sheep and Goat Meat

Top Product Potential Papua New Guinea Somalia+$2.92kPalm Oil

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Papua New Guinea () (2019)

Exports from Papua New Guinea () to Somalia () (2019)

Market Competitiveness

Difference in imports from Papua New Guinea () and Somalia () (2022)

Comparative Advantage Somalia - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Papua New Guinea () (2019)

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