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2022
Exports $3.38kWorld Rnk 193 / 221
Flag Rnk 154 / 317
2022
Destination $3.19k Nigeria
2021 - 2022
FASTEST GROWING MARKET $3.19kNigeria
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits-1.17Rnk 874 / 1025
2022
Imports $12.5MWorld Rnk 122 / 225
Flag Rnk 72 / 952
2022
Origin $4.07M China
2021 - 2022
FASTEST GROWING ORIGIN $4.07MChina

About

Exports In 2022, Somalia exported $3.38k in Non-Knit Men's Suits, making it the 193rd largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 154th most exported product in Somalia. The main destination of Non-Knit Men's Suits exports from Somalia are: Nigeria ($3.19k), Switzerland ($96), Ireland ($66), and Kenya ($34).

The fastest growing export markets for Non-Knit Men's Suits of Somalia between 2021 and 2022 were Nigeria ($3.19k), Switzerland ($96), and Kenya ($34).

Imports In 2022, Somalia imported $12.5M in Non-Knit Men's Suits, becoming the 122nd largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 72nd most imported product in Somalia. Somalia imports Non-Knit Men's Suits primarily from: China ($8.63M), Turkey ($1.12M), Indonesia ($978k), India ($897k), and United Arab Emirates ($754k).

The fastest growing import markets in Non-Knit Men's Suits for Somalia between 2021 and 2022 were China ($4.07M), United Arab Emirates ($632k), and Indonesia ($203k).

Latest Trends

Oct 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 Non-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 (2022)$3.38k
IMPORTS (2022)$12.5M
NET TRADE (2022)-$12.5M

In 2022, Somalia exported $3.38k in Non-Knit Men's Suits. The main destinations of Somalia exports on Non-Knit Men's Suits were Nigeria ($3.19k), Switzerland ($96), Ireland ($66), and Kenya ($34).

In 2022, Somalia imported $12.5M in Non-Knit Men's Suits, mainly from China ($8.63M), Turkey ($1.12M), Indonesia ($978k), India ($897k), and United Arab Emirates ($754k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Somalia WERE (2021 - 2022):
Nigeria$3.19k (1%)
Switzerland$96 (1%)
Kenya$34 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Somalia WERE (2021 - 2022):
Ireland-$11.6k (-99.4%)
Australia-$1.35k (-100%)
Uganda-$80 (-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 Non-Knit Men's Suits were:
China $10.7B
Bangladesh $8.82B
Vietnam $3.63B
In 2022, Somalia's main importing competitors in Non-Knit Men's Suits were:
United States $10.8B
Germany $5.92B
France $2.37B

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNigeria+ $4.14k
TOP IMPORT POTENTIALChina+ $1.3M

Non-Knit Men's Suits’s highest export potential is Nigeria. With an export gap of $4.14k.   Non-Knit Men's Suits’s highest import potential is China with an import gap of $1.3M.

See methodology.

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