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Pricing

2021
Flag → Flag
Exports $108kRnk 54 / 0
2021
Flag → Flag
Exports $14.6MRnk 123 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Somalia-Russia Trade: In 2021, Somalia exported $108k to Russia. The main products that Somalia exported to Russia were N/A. Over the past 5 years the exports of Somalia to Russia have increased at an annualized rate of 15.2%, from $53.2k in 2016 to $108k in 2021.

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

Russia-Somalia Trade: In 2021, Russia exported $14.6M to Somalia. The main products that Russia exported to Somalia were N/A. Over the past 5 years the exports of Russia to Somalia have increased at an annualized rate of 83.2%,  from $709k in 2016 to $14.6M in 2021.

In 2020, Russia exported services to Somalia worth $9.82M, with Transportation ($9.82M), Financial services ($3k), and Other business services ($3k) being the largest in terms of value.

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Somalia exported $108k to Russia. There were not main exports from Somalia to Russia in 2021. During the last 5 years the exports of Somalia to Russia have increased at an annualized rate of 15.2%, from $53.2k in 2016 to $108k in 2021.

In 2016, Russia exported $14.6M to Somalia. There were not main exports from Russia to Somalia in 2016. During the last 5 years the exports of Russia to Somalia have increased at an annualized rate of 83.2%, from $709k in 2021 to $14.6M in 2016.

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

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

Latest Data

Trade between Somalia (Flag) and Russia (Flag)

Russia Exports

Market Competitiveness

Color
Somalia
Top DestinationN/AN/A
Russia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage Somalia - Russia

Flow
Scale

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

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

During 2016, Russia had a large net trade with Somalia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Russia+$3.35kGold
Top Product Potential Russia Somalia+$4.83kRefined 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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Bilateral Service Trade

In 2020, Russia exported services to Somalia worth $9.82M, with Transportation ($9.82M), Financial services ($3k), and Other business services ($3k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Somalia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Somalia and Russia. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Somalia.

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

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