2023
Exports
$418kWorld Rnk 91 / 164
Flag Rnk 26 / 348
falsefalse China
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$526World Rnk 0 / 0
Flag Rnk 0 / 0

About

Exports In 2023, Somalia exported $418k in Precious Stones, making it the 91st largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 26th most exported product in Somalia. The main destination of Precious Stones exports from Somalia are: China ($413k) and United Arab Emirates ($4.71k).

The fastest growing export markets for Precious Stones of Somalia between 2022 and 2023 were China ($174k) and United Arab Emirates ($4.71k).

Imports In 2019, Somalia imported $526 in Precious Stones, becoming the 0th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 0th most imported product in Somalia. Somalia imports Precious Stones primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2023)$418k
IMPORTS (2019)$526
NET TRADE (2023)$418k

In 2023, Somalia exported $418k in Precious Stones. The main destinations of Somalia exports on Precious Stones were China ($413k) and United Arab Emirates ($4.71k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Somalia WERE (2022 - 2023):
China$174k (72.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Somalia WERE (2022 - 2023):
Netherlands-$3.63k (-100%)
India-$1.29k (-100%)
Armenia-$777 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Precious Stones were:
In 2023, Somalia's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $380k
TOP IMPORT POTENTIALIndia+ $418

Precious Stones’s highest export potential is China. With an export gap of $380k.   Precious Stones’s highest import potential is India with an import gap of $418.

See methodology.

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