Somalia (SOM) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Somalia-Russia Trade: In 2021, Somalia exported $112k 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 16.1%, from $53.3k in 2016 to $112k 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 2023, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Somalia exported $112k 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 16.1%, from $53.3k in 2016 to $112k 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 () to Russia () (2021)

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

Latest Data

Trade between Somalia () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Russia
Top DestinationChina$129B

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.

In 2023, countries that imported more from Somalia than Russia included Djibouti ($84.2M), Macau ($19.9M), and Qatar ($13.2M).

In 2023, countries that imported more from Russia than Somalia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Somalia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Rus Year

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 () to Somalia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Somalia () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Somalia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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