Somalia (SOM) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Somalia-Thailand Trade: In 2022, Somalia exported $526k to Thailand. The main products that Somalia exported to Thailand were Molluscs ($272k), Crustaceans ($250k), and Insect Resins ($1.59k). Over the past 5 years the exports of Somalia to Thailand have increased at an annualized rate of 9.66%, from $332k in 2017 to $526k in 2022.

In 2022, Somalia did not export any services to Thailand.

Thailand-Somalia Trade: In 2022, Thailand exported $17.2M to Somalia. The main products that Thailand exported to Somalia were Processed Fish ($7.5M), Plastic Lids ($2.22M), and Packaged Medicaments ($766k). Over the past 5 years the exports of Thailand to Somalia have decreased at an annualized rate of 2.89%, from $21.8M in 2017 to $17.2M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $526k to Thailand. The main products exported from Somalia to Thailand were Molluscs ($272k), Crustaceans ($250k), and Insect Resins ($1.59k). During the last 5 years the exports of Somalia to Thailand have increased at an annualized rate of 9.66%, from $332k in 2017 to $526k in 2022.

In 2017, Thailand exported $17.2M to Somalia. The main products exported from Thailand to Somalia were Processed Fish ($7.5M), Plastic Lids ($2.22M), and Packaged Medicaments ($766k). During the last 5 years the exports of Thailand to Somalia have decreased at an annualized rate of 2.89%, from $21.8M in 2022 to $17.2M in 2017.

Exports from Somalia () to Thailand () (2022)

Exports from Thailand () to Somalia () (2022)

Latest Data

Trade between Somalia () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationN/AN/A

Thailand
Top DestinationN/AN/A

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

N/A

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

Comparative Advantage Somalia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Thailand in the exports of Animal Products ($523k), Vegetable Products ($1.65k), and Chemical Products ($1.09k).

During 2017, Thailand had a large net trade with Somalia in the exports of Foodstuffs ($8.31M), Plastics and Rubbers ($4.2M), and Machines ($1.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Thailand+$452kMolluscs

Top Product Potential Thailand Somalia+$829kRubber Tires

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Thailand () (2022)

Exports from Thailand () to Somalia () (2022)

Latest Data

Trade between Somalia () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Somalia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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