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Somalia is the 175th largest export economy in the world. In 2017, Somalia exported $198M and imported $2.23B, resulting in a negative trade balance of $2.04B. In 2017 the GDP of Somalia was $7.05B and its GDP per capita was $478.

The top exports of Somalia are Sheep and Goats ($87.9M), Bovine ($43.8M), Insect Resins ($25.1M), Molluscs ($16.7M) and Non-fillet Frozen Fish ($5.44M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Raw Sugar ($262M), Rice ($165M), Palm Oil ($103M), Wheat Flours ($83.6M) and Rubber Footwear ($81.4M).

The top export destinations of Somalia are Oman ($137M), China ($11.7M), Japan ($11.1M), France ($11M) and Bulgaria ($7.91M). The top import origins are China ($469M), India ($462M), Oman ($302M), Kenya ($190M) and Turkey ($140M).

Somalia borders Djibouti, Ethiopia and Kenya by land and Yemen by sea.

Economic Complexity of Somalia

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