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2021
Exports $291World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2021
Imports $4.95MWorld Rnk 121 / 221
Flag Rnk 150 / 952

About

Imports In 2022, Somalia imported $4.95M in Knit Men's Suits, becoming the 121st largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 150th most imported product in Somalia. Somalia imports Knit Men's Suits primarily from: China ($3.97M), India ($452k), Turkey ($204k), United Arab Emirates ($110k), and Italy ($93.2k).

The fastest growing import markets in Knit Men's Suits for Somalia between 2021 and 2022 were China ($216k), Italy ($93.2k), and Turkey ($70.4k).

Latest Trends

Sep 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 Knit Men's Suits. 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 (2021)$291
IMPORTS (2022)$4.95M
NET TRADE (2022)-$4.95M

In 2022, Somalia imported $4.95M in Knit Men's Suits, mainly from China ($3.97M), India ($452k), Turkey ($204k), United Arab Emirates ($110k), and Italy ($93.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Somalia WERE (N/A - 2021):
Slovenia-$183 (-100%)
South Africa-$108 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Somalia's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $772
TOP IMPORT POTENTIALChina+ $450k

Knit Men's Suits’s highest export potential is United States. With an export gap of $772.   Knit Men's Suits’s highest import potential is China with an import gap of $450k.

See methodology.

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