Insect Resins in Somalia

EXPORTS (2018): $36.4M, World Rnk 6 / 117
Flag Rnk 4 / 173

TOP DESTINATION (2018): $16.6M, Bulgaria

FASTEST GROWING MARKET (2017 - 2018): $8.69M, Bulgaria

IMPORTS (2018): $295k, World Rnk 98 / 168
Flag Rnk 383 / 865

TOP ORIGIN (2018): $123k, India

FASTEST GROWING ORIGIN (2017 - 2018): $79.9k, Kenya

PRODUCT COMPLEXITY  IN Insect Resins (2018): -2.38, Rnk 1011 / 1018

Overview: This page contains the latest trade data of Insect Resins in Somalia.

Exports: In 2018, Somalia exported $36.4M in Insect Resins, making it the 6th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 4th most exported product in Somalia. The main destination of Insect Resins exports from Somalia are: Bulgaria ($16.6M), France ($7.33M), Turkey ($5.19M), China ($2.35M), and Spain ($1.18M).

The fastest growing export markets for Insect Resins of Somalia between 2017 and 2018 were Bulgaria ($8.69M), Turkey ($4.18M), and Spain ($1.06M).

Imports: In 2018, Somalia imported $295k in Insect Resins, becoming the 98th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 383rd most imported product in Somalia. Somalia imports Insect Resins primarily from: India ($123k), Kenya ($79.9k), China ($65.7k), and United Arab Emirates ($27k).

The fastest growing import markets in Insect Resins for Somalia between 2017 and 2018 were Kenya ($79.9k), China ($65.7k), and United Arab Emirates ($27k).

Value

EXPORTS (2018): $36.4M

IMPORTS (2018): $295k

NET TRADE (2018): $36.1M

In 2018, Somalia exported $36.4M in Insect Resins. The main destinations of Somalia exports on Insect Resins were Bulgaria ($16.6M), France ($7.33M), Turkey ($5.19M), China ($2.35M), and Spain ($1.18M).

In 2018, Somalia imported $295k in Insect Resins, mainly from India ($123k), Kenya ($79.9k), China ($65.7k), and United Arab Emirates ($27k).

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IN 2018, Somalia HAD A POSITIVE NET TRADE IN Insect Resins WITH:

  • Bulgaria, $16.6M ($16.6M - $0)
  • France, $7.33M ($7.33M - $0)
  • Turkey, $5.19M ($5.19M - $0)

IN 2018, Somalia HAD A NEGATIVE NET TRADE IN Insect Resins WITH:: Kenya, -$79.9k ($0 - $79.9k)

Flow

THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Somalia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Somalia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Somalia's main exporting competitors in Insect Resins were:

In 2018, Somalia's main importing competitors in Insect Resins were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Insect Resins in Somalia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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