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2022
Flag → Flag
Exports $1.41kRnk 59 / 0
2022
Flag → Flag
Exports $104MRnk 92 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Somalia-Uruguay Trade: In 2022, Somalia exported $1.41k to Uruguay. The main products that Somalia exported to Uruguay were N/A. Over the past 9 years the exports of Somalia to Uruguay have increased at an annualized rate of 33.4%, from $105 in 2013 to $1.41k in 2022.

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

Uruguay-Somalia In false, Uruguay did not export any products to Somalia.

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

Comparison In 2023,  Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $1.41k to Uruguay. There were not main exports from Somalia to Uruguay in 2022. During the last 9 years the exports of Somalia to Uruguay have increased at an annualized rate of 33.4%, from $105 in 2013 to $1.41k in 2022.

Uruguay does not register exports to Somalia.

Exports from Somalia (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Somalia (Flag) (2022)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Somalia than Uruguay included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

In 2023, countries that imported more from Uruguay than Somalia included China ($2.34B), Brazil ($1.92B), and United States ($880M).

Difference in imports from Uruguay (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - Uruguay

Flow
Scale

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

During 2022, Somalia had a large net trade with Uruguay in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Uruguay+$3.91kInsect Resins
Top Product Potential Uruguay Somalia+$2.18kConcentrated Milk

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

Product Space of Somalia (Flag) and Uruguay (Flag) (2022)

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