Vietnam (VNM) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Vietnam-Somalia Trade: In 2007, Vietnam exported $554k to Somalia. The main products that Vietnam exported to Somalia were N/A. Over the past 5 years the exports of Vietnam to Somalia have increased at an annualized rate of 76.8%, from $32.1k in 2002 to $554k in 2007.

In 2007, Vietnam did not export any services to Somalia.

Somalia-Vietnam In N/A, Somalia did not export any products to Vietnam.

In 2007, Somalia did not export any services to Vietnam.

Comparison In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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 2007, Vietnam exported $554k to Somalia. There were not main exports from Vietnam to Somalia in 2007. During the last 5 years the exports of Vietnam to Somalia have increased at an annualized rate of 76.8%, from $32.1k in 2002 to $554k in 2007.

Somalia does not register exports to Vietnam.

Exports from Vietnam () to Somalia () (2007)

Exports from Somalia () to Vietnam () (2007)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Vietnam than Somalia included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

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

Comparative Advantage Vietnam - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2007, Vietnam had a large net trade with Somalia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Somalia+$5.78kTelephones

Top Product Potential Somalia Vietnam+$3.6kGold

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Somalia () (2007)

Exports from Somalia () to Vietnam () (2007)

Market Competitiveness

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

Comparative Advantage Vietnam - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Somalia () (2007)

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