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2023
Exports $21.5kWorld Rnk 123 / 190
Flag Rnk 108 / 348
2023
Destination $20.2k Djibouti
2022 - 2023
FASTEST GROWING MARKET $20.2kDjibouti
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $1.54MWorld Rnk 151 / 220
Flag Rnk 259 / 965
2023
Origin $161k India
2022 - 2023
FASTEST GROWING ORIGIN $161kGermany

About

Exports In 2023, Somalia exported $21.5k in Special Pharmaceuticals, making it the 123rd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 108th most exported product in Somalia. The main destination of Special Pharmaceuticals exports from Somalia are: Djibouti ($20.2k) and New Zealand ($1.33k).

The fastest growing export markets for Special Pharmaceuticals of Somalia between 2022 and 2023 were Djibouti ($20.2k) and New Zealand ($1.2k).

Imports In 2023, Somalia imported $1.54M in Special Pharmaceuticals, becoming the 151st largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 259th most imported product in Somalia. Somalia imports Special Pharmaceuticals primarily from: India ($351k), Turkey ($254k), Kenya ($194k), Germany ($194k), and Sweden ($180k).

The fastest growing import markets in Special Pharmaceuticals for Somalia between 2022 and 2023 were Germany ($161k), Sweden ($152k), and Turkey ($130k).

Latest Trends

Dec 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 Special Pharmaceuticals. 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 (2023)$21.5k
IMPORTS (2023)$1.54M
NET TRADE (2023)-$1.52M

In 2023, Somalia exported $21.5k in Special Pharmaceuticals. The main destinations of Somalia exports on Special Pharmaceuticals were Djibouti ($20.2k) and New Zealand ($1.33k).

In 2023, Somalia imported $1.54M in Special Pharmaceuticals, mainly from India ($351k), Turkey ($254k), Kenya ($194k), Germany ($194k), and Sweden ($180k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Somalia WERE (2022 - 2023):
Djibouti$20.2k (1%)
New Zealand$1.2k (922%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Somalia WERE (2022 - 2023):Germany-$155 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, Somalia's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
China $1.3B
Germany $1.2B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.18k
TOP IMPORT POTENTIALIndia+ $126k

Special Pharmaceuticals’s highest export potential is Germany. With an export gap of $2.18k.   Special Pharmaceuticals’s highest import potential is India with an import gap of $126k.

See methodology.

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