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

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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 4.58%, from $21.8M in 2017 to $17.2M in 2022.

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

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.

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 4.58%, from $21.8M in 2017 to $17.2M in 2022.

In 2017, 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 2022 to $526k in 2017.

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

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

Latest Data

Trade between Thailand () and Somalia ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationN/AN/A

Somalia
Top DestinationN/AN/A

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

N/A

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

Comparative Advantage Thailand - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Somalia in the exports of Foodstuffs ($8.31M), Plastics and Rubbers ($4.2M), and Machines ($1.63M).

During 2017, Somalia had a large net trade with Thailand in the exports of Animal Products ($523k), Vegetable Products ($1.65k), and Chemical Products ($1.09k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Somalia+$829kRubber Tires

Top Product Potential Somalia Thailand+$452kMolluscs

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Thailand () and Somalia ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Thailand - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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