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Pricing

2022
Flag → Flag
Exports $386MRnk 87 / 219
2022
Flag → Flag
Top Product $94.9MPasta
2022
Flag → Flag
Exports $2.5MRnk 13 / 95
2022
Flag → Flag
Top Product $1.46MOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Turkey-Somalia Trade: In 2022, Turkey exported $386M to Somalia. The main products that Turkey exported to Somalia were Pasta ($94.9M), Wheat Flours ($56.8M), and Raw Iron Bars ($52M). Over the past 5 years the exports of Turkey to Somalia have increased at an annualized rate of 21.6%, from $145M in 2017 to $386M in 2022.

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

Somalia-Turkey Trade: In 2022, Somalia exported $2.5M to Turkey. The main products that Somalia exported to Turkey were Other Oily Seeds ($1.46M), Insect Resins ($575k), and Tanned Equine and Bovine Hides ($281k). Over the past 5 years the exports of Somalia to Turkey have increased at an annualized rate of 6.78%,  from $1.21M in 2017 to $2.5M in 2022.

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

Comparison In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6),  and 29 in total exports ($262B). 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
Value

In 2022, Turkey exported $386M to Somalia. The main products exported from Turkey to Somalia were Pasta ($94.9M), Wheat Flours ($56.8M), and Raw Iron Bars ($52M). During the last 5 years the exports of Turkey to Somalia have increased at an annualized rate of 21.6%, from $145M in 2017 to $386M in 2022.

In 2017, Somalia exported $2.5M to Turkey. The main products exported from Somalia to Turkey were Other Oily Seeds ($1.46M), Insect Resins ($575k), and Tanned Equine and Bovine Hides ($281k). During the last 5 years the exports of Somalia to Turkey have increased at an annualized rate of 6.78%, from $1.21M in 2022 to $2.5M in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Somalia (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Turkey than Somalia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, no countries were registered that imported more from Somalia than from Turkey.

Difference in imports from Somalia (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Somalia

Flow
Scale

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

During 2022, Turkey had a large net trade with Somalia in the exports of Foodstuffs ($112M), Metals ($66.6M), and Vegetable Products ($60.9M).

During 2017, Somalia had a large net trade with Turkey in the exports of Vegetable Products ($2.07M), Animal Hides ($353k), and Animal and Vegetable Bi-Products ($62.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Somalia+$1.73MRefined Petroleum
Top Product Potential Somalia Turkey+$765kOther Oily Seeds

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

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

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