2022
Exports
$6.31kWorld Rnk 141 / 202
Flag Rnk 125 / 317
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$237kWorld Rnk 168 / 224
Flag Rnk 476 / 952

About

Exports In 2022, Somalia exported $6.31k in Rubber Belting, making it the 141st largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 125th most exported product in Somalia. The main destination of Rubber Belting exports from Somalia are: Namibia ($5.72k), Ireland ($461), Canada ($65), United Arab Emirates ($43), and Belgium ($17).

The fastest growing export markets for Rubber Belting of Somalia between 2021 and 2022 were Namibia ($5.72k), United Arab Emirates ($43), and Belgium ($17).

Imports In 2022, Somalia imported $237k in Rubber Belting, becoming the 168th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 476th most imported product in Somalia. Somalia imports Rubber Belting primarily from: China ($128k), United Arab Emirates ($77.5k), Turkey ($19.7k), South Africa ($5.04k), and India ($4.31k).

The fastest growing import markets in Rubber Belting for Somalia between 2021 and 2022 were China ($51.7k), South Africa ($2.33k), and Austria ($849).

Latest Trends

Jul 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 Rubber Belting. 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)$6.31k
IMPORTS (2022)$237k
NET TRADE (2022)-$231k

In 2022, Somalia exported $6.31k in Rubber Belting. The main destinations of Somalia exports on Rubber Belting were Namibia ($5.72k), Ireland ($461), Canada ($65), United Arab Emirates ($43), and Belgium ($17).

In 2022, Somalia imported $237k in Rubber Belting, mainly from China ($128k), United Arab Emirates ($77.5k), Turkey ($19.7k), South Africa ($5.04k), and India ($4.31k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Somalia WERE (2021 - 2022):
Namibia$5.72k (1%)
Belgium$17 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Somalia WERE (2021 - 2022):
Ireland-$197 (-29.9%)
Indonesia-$184 (-100%)
Ecuador-$55 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Rubber Belting were:
In 2022, Somalia's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.14k
TOP IMPORT POTENTIALChina+ $83.8k

Rubber Belting’s highest export potential is United States. With an export gap of $1.14k.   Rubber Belting’s highest import potential is China with an import gap of $83.8k.

See methodology.

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