Somalia (SOM) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Somalia-Romania Trade: In 2019, Somalia exported $11k to Romania. The main products that Somalia exported to Romania were N/A. Over the past 16 years the exports of Somalia to Romania have increased at an annualized rate of 40.2%, from $49 in 2003 to $11k in 2019.

In 2019, Somalia did not export any services to Romania.

Romania-Somalia Trade: In 2019, Romania exported $123k to Somalia. The main products that Romania exported to Somalia were Integrated Circuits ($123k). Over the past 16 years the exports of Romania to Somalia have decreased at an annualized rate of 52.3%, from $4.97M in 2003 to $123k in 2019.

In 2019, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Somalia exported $11k to Romania. There were not main exports from Somalia to Romania in 2019. During the last 16 years the exports of Somalia to Romania have increased at an annualized rate of 40.2%, from $49 in 2003 to $11k in 2019.

In 2017, Romania exported $123k to Somalia. The main products exported from Romania to Somalia were Integrated Circuits ($123k). During the last 5 years the exports of Romania to Somalia have decreased at an annualized rate of 52.3%, from $4.97M in 2022 to $123k in 2017.

Exports from Somalia () to Romania () (2022)

Exports from Romania () to Somalia () (2022)

Latest Data

Trade between Somalia () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Somalia than Romania included Oman ($173M).

In 2022, countries that imported more from Romania than Somalia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

Difference in imports from Romania () and Somalia () (2022)

Comparative Advantage Somalia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Somalia had a large net trade with Romania in the exports of .

During 2017, Romania had a large net trade with Somalia in the exports of Machines ($123k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Romania+$2.79kGold

Top Product Potential Romania Somalia+$51.1kBlank Audio Media

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Romania () (2022)

Exports from Romania () to Somalia () (2022)

Latest Data

Trade between Somalia () and Romania ()

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Somalia () (2022)

Comparative Advantage Somalia - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Romania () (2022)

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