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Pricing

2021
Flag → Flag
Exports $8.19kRnk 51 / 0
2021
Flag → Flag
Exports $61.3MRnk 125 / 0
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 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$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Somalia-Trinidad and Tobago Trade: In 2021, Somalia exported $8.19k to Trinidad and Tobago. The main products that Somalia exported to Trinidad and Tobago were N/A. Over the past 7 years the exports of Somalia to Trinidad and Tobago have increased at an annualized rate of 63.1%, from $267 in 2014 to $8.19k in 2021.

In 2021, Somalia did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Somalia In N/A, Trinidad and Tobago did not export any products to Somalia.

In 2021, Trinidad and Tobago did not export any services to Somalia.

Comparison In 2022,  Somalia ranked 167 in total exports ($569M). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Somalia exported $8.19k to Trinidad and Tobago. There were not main exports from Somalia to Trinidad and Tobago in 2021. During the last 7 years the exports of Somalia to Trinidad and Tobago have increased at an annualized rate of 63.1%, from $267 in 2014 to $8.19k in 2021.

Trinidad and Tobago does not register exports to Somalia.

Exports from Somalia (Flag) to Trinidad and Tobago (Flag) (2021)

Exports from Trinidad and Tobago (Flag) to Somalia (Flag) (2021)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Somalia than Trinidad and Tobago included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

In 2022, countries that imported more from Trinidad and Tobago than Somalia included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Trinidad and Tobago

Flow
Scale

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

During 2021, Somalia had a large net trade with Trinidad and Tobago in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Trinidad and Tobago+$1.04kGold
Top Product Potential Trinidad and Tobago Somalia+$2.21kPetroleum Gas

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

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

Product Space of Somalia (Flag) and Trinidad and Tobago (Flag) (2021)

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