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2022
Exports $41kWorld Rnk 184 / 214
Flag Rnk 58 / 317
falsefalse United Arab Emirates
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $81.6MWorld Rnk 182 / 225
Flag Rnk 17 / 952
2021 - 2022
FASTEST GROWING ORIGINfalseUnited Arab Emirates

About

Exports In 2022, Somalia exported $41k in Refined Petroleum, making it the 184th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 58th most exported product in Somalia. The main destination of Refined Petroleum exports from Somalia are: United Arab Emirates ($41k).

Imports In 2022, Somalia imported $81.6M in Refined Petroleum, becoming the 182nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 17th most imported product in Somalia. Somalia imports Refined Petroleum primarily from: United Arab Emirates ($69.9M), Oman ($6.48M), India ($1.83M), Sri Lanka ($1.25M), and Turkey ($1.2M).

The fastest growing import markets in Refined Petroleum for Somalia between 2021 and 2022 were United Arab Emirates ($36.5M), India ($1.26M), and Sri Lanka ($1.25M).

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 Refined Petroleum. 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)$41k
IMPORTS (2022)$81.6M
NET TRADE (2022)-$81.5M

In 2022, Somalia exported $41k in Refined Petroleum. The main destinations of Somalia exports on Refined Petroleum were United Arab Emirates ($41k).

In 2022, Somalia imported $81.6M in Refined Petroleum, mainly from United Arab Emirates ($69.9M), Oman ($6.48M), India ($1.83M), Sri Lanka ($1.25M), and Turkey ($1.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Somalia WERE (2021 - 2022):
South Africa-$33.4k (-100%)
United Arab Emirates-$32k (-43.8%)
France-$39 (-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 Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Somalia's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $92.5k
TOP IMPORT POTENTIALIndia+ $5.14M

Refined Petroleum’s highest export potential is United Arab Emirates. With an export gap of $92.5k.   Refined Petroleum’s highest import potential is India with an import gap of $5.14M.

See methodology.

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