Somalia (SOM) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Somalia-Canada Trade: In 2022, Somalia exported $317k to Canada. The main products that Somalia exported to Canada were Essential Oils ($173k), Processed Crustaceans ($55.6k), and Ball Bearings ($25.1k). Over the past 5 years the exports of Somalia to Canada have increased at an annualized rate of 5.78%, from $240k in 2017 to $317k in 2022.

In 2022, Somalia did not export any services to Canada.

Canada-Somalia Trade: In 2022, Canada exported $2.04M to Somalia. The main products that Canada exported to Somalia were Fork-Lifts ($371k), Machinery Having Individual Functions ($330k), and Other Edible Preparations ($250k). Over the past 5 years the exports of Canada to Somalia have decreased at an annualized rate of 15.6%, from $4.76M in 2017 to $2.04M in 2022.

In 2022, Canada did not export any services to Somalia.

Comparison In 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $317k to Canada. The main products exported from Somalia to Canada were Essential Oils ($173k), Processed Crustaceans ($55.6k), and Ball Bearings ($25.1k). During the last 5 years the exports of Somalia to Canada have increased at an annualized rate of 5.78%, from $240k in 2017 to $317k in 2022.

In 2017, Canada exported $2.04M to Somalia. The main products exported from Canada to Somalia were Fork-Lifts ($371k), Machinery Having Individual Functions ($330k), and Other Edible Preparations ($250k). During the last 5 years the exports of Canada to Somalia have decreased at an annualized rate of 15.6%, from $4.76M in 2022 to $2.04M in 2017.

Exports from Somalia () to Canada () (2022)

Exports from Canada () to Somalia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Canada
Top DestinationUnited States$438B

This map shows whether countries import more from Somalia or Canada. Each country is colored based on the difference in imports they receive from Somalia and Canada or the difference in the growth in imports.

In 2022, countries that imported more from Somalia than Canada included Oman ($173M).

In 2022, countries that imported more from Canada than Somalia included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Somalia () (2022)

Comparative Advantage Somalia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Somalia and Canada by product, considering products traded by both, Somalia and Canada.

During 2022, Somalia had a large net trade with Canada in the exports of Chemical Products ($181k), Foodstuffs ($58k), and Machines ($44.3k).

During 2017, Canada had a large net trade with Somalia in the exports of Machines ($978k), Transportation ($341k), and Foodstuffs ($250k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Canada+$82.8kEssential Oils

Top Product Potential Canada Somalia+$726kCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Somalia and Canada. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Somalia.

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Canada () (2022)

Exports from Canada () to Somalia () (2022)

Market Competitiveness

Difference in imports from Canada () and Somalia () (2022)

Comparative Advantage Somalia - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Canada () (2022)

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