2022
Flag
 GDP
$8.13BCURRENT US$
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2012-2022
Flag
GDP GROWTH
0%CURRENT US$
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2022
Flag
GDP PC
$462CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
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About

Chinese Taipei-Somalia Trade: In 2022, Chinese Taipei exported $6.68M to Somalia. The main products that Chinese Taipei exported to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.38M), Rice ($355k), and Forging Machines ($241k). Over the past 5 years the exports of Chinese Taipei to Somalia have increased at an annualized rate of 43.7%, from $1.09M in 2017 to $6.68M in 2022.

In 2022, Chinese Taipei did not export any services to Somalia.

Somalia-Chinese Taipei Trade: In 2022, Somalia exported $63k to Chinese Taipei. The main products that Somalia exported to Chinese Taipei were Insect Resins ($35.8k), Essential Oils ($23.9k), and Shaving Products ($1.55k). Over the past 5 years the exports of Somalia to Chinese Taipei have decreased at an annualized rate of 13.9%,  from $133k in 2017 to $63k in 2022.

In 2022, Somalia did not export any services to Chinese Taipei.

Comparison In 2022,  Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94),  and 11 in total exports ($542B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$121B
Somalia
Top Destination
United Arab Emirates$283M

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

In 2022, countries that imported more from Chinese Taipei than Somalia included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

In 2022, countries that imported more from Somalia than Chinese Taipei included Oman ($173M).

Difference in imports from Somalia (Flag) and Chinese Taipei (Flag) (2022)

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Somalia (Flag) (NaN)

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