2022
Exports | Imports
$1.85M | $2.25MWorld Rnk 122 / 216
Flag Rnk 15 / 317
World Rnk 171 / 222
Flag Rnk 216 / 952
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.67Rnk 750 / 1025

About

Exports In 2022, Somalia exported $1.85M in Industrial Fatty Acids, Oils and Alcohols, making it the 122nd largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 15th most exported product in Somalia. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Somalia are: India ($1.81M) and United Arab Emirates ($33.7k).

Imports In 2022, Somalia imported $2.25M in Industrial Fatty Acids, Oils and Alcohols, becoming the 171st largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 216th most imported product in Somalia. Somalia imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($566k), Singapore ($558k), United Arab Emirates ($525k), Turkey ($187k), and Ethiopia ($184k).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Somalia between 2021 and 2022 were China ($443k), Singapore ($229k), and Ethiopia ($78.8k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Industrial Fatty Acids, Oils and Alcohols from Somalia to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Industrial Fatty Acids, Oils and Alcohols. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.85M
IMPORTS (2022)$2.25M
NET TRADE (2022)-$399k

In 2022, Somalia exported $1.85M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Somalia exports on Industrial Fatty Acids, Oils and Alcohols were India ($1.81M) and United Arab Emirates ($33.7k).

In 2022, Somalia imported $2.25M in Industrial Fatty Acids, Oils and Alcohols, mainly from China ($566k), Singapore ($558k), United Arab Emirates ($525k), Turkey ($187k), and Ethiopia ($184k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Somalia WERE (2021 - 2022):
India-$767k (-29.7%)
United Arab Emirates-$230k (-87.2%)
New Zealand-$130 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Somalia's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

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