2023
Exports
$924kWorld Rnk 48 / 125
Flag Rnk 23 / 348
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt
-0.77Rnk 776 / 1025
2023
Imports
$70.3kWorld Rnk 138 / 188
Flag Rnk 604 / 965

About

Exports In 2023, Somalia exported $924k in Bitumen and asphalt, making it the 48th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 23rd most exported product in Somalia. The main destination of Bitumen and asphalt exports from Somalia are: India ($908k) and United Arab Emirates ($16.1k).

The fastest growing export markets for Bitumen and asphalt of Somalia between 2022 and 2023 were India ($821k) and United Arab Emirates ($16.1k).

Imports In 2023, Somalia imported $70.3k in Bitumen and asphalt, becoming the 138th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 604th most imported product in Somalia. Somalia imports Bitumen and asphalt primarily from: Turkey ($65.8k) and United Arab Emirates ($4.43k).

The fastest growing import markets in Bitumen and asphalt for Somalia between 2022 and 2023 were Turkey ($65.6k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$924k
IMPORTS (2023)$70.3k
NET TRADE (2023)$854k

In 2023, Somalia exported $924k in Bitumen and asphalt. The main destinations of Somalia exports on Bitumen and asphalt were India ($908k) and United Arab Emirates ($16.1k).

In 2023, Somalia imported $70.3k in Bitumen and asphalt, mainly from Turkey ($65.8k) and United Arab Emirates ($4.43k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Somalia WERE (2022 - 2023):
India$821k (943%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Bitumen and asphalt were:
In 2023, Somalia's main importing competitors in Bitumen and asphalt were:

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.8k
TOP IMPORT POTENTIALTurkey+ $1.88k

Bitumen and asphalt’s highest export potential is India. With an export gap of $13.8k.   Bitumen and asphalt’s highest import potential is Turkey with an import gap of $1.88k.

See methodology.

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