Overview: In 2018 Somalia was the number 157 economy in the world in terms of GDP (current US$), the number 163 in total exports, and the number 146 in total imports. In 2018, Somalia exported $483M and imported $3.34B, resulting in a negative trade balance of -$2.86B. In 2018, Somalia's exports per capita were $32.2 and its imports per capita were $223.
Trade: The top exports of Somalia are Sheep and Goats ($176M), Gold ($128M), Bovine ($42.3M), Insect Resins ($36.4M), and Molluscs ($20.1M). The top imports of Somalia are Rolled Tobacco ($280M), Raw Sugar ($192M), Rice ($158M), Concentrated Milk ($157M), and Broadcasting Equipment ($129M).
Destinations: Somalia exports mostly to United Arab Emirates ($148M), Oman ($142M), Saudi Arabia ($73M), Bulgaria ($16.6M), and China ($15.9M), and imports mostly from United Arab Emirates ($1.03B), China ($637M), India ($427M), Oman ($221M), and Turkey ($180M).
Location: Somalia borders Djibouti, Ethiopia, and Kenya by land and Yemen by sea.