2022
Exports
$8.11MWorld Rnk 124 / 212
Flag Rnk 7 / 317
falsefalse India
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$2.52kWorld Rnk 172 / 187
Flag Rnk 853 / 952

About

Exports In 2022, Somalia exported $8.11M in Scrap Iron, making it the 124th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 7th most exported product in Somalia. The main destination of Scrap Iron exports from Somalia are: India ($7.79M) and Pakistan ($314k).

The fastest growing export markets for Scrap Iron of Somalia between 2021 and 2022 were Pakistan ($293k).

Imports In 2022, Somalia imported $2.52k in Scrap Iron, becoming the 172nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 853rd most imported product in Somalia. Somalia imports Scrap Iron primarily from: United Arab Emirates ($2.52k).

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 Scrap Iron. 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)$8.11M
IMPORTS (2022)$2.52k
NET TRADE (2022)$8.11M

In 2022, Somalia exported $8.11M in Scrap Iron. The main destinations of Somalia exports on Scrap Iron were India ($7.79M) and Pakistan ($314k).

In 2022, Somalia imported $2.52k in Scrap Iron, mainly from United Arab Emirates ($2.52k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Somalia WERE (2021 - 2022):Pakistan$293k (1.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Somalia WERE (2021 - 2022):
India-$663k (-7.83%)
Kenya-$112k (-100%)
United Arab Emirates-$3.81k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Scrap Iron were:
In 2022, Somalia's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.56M
TOP IMPORT POTENTIALUnited Arab Emirates+ $3.06k

Scrap Iron’s highest export potential is India. With an export gap of $6.56M.   Scrap Iron’s highest import potential is United Arab Emirates with an import gap of $3.06k.

See methodology.

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