Armenia (ARM) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

In N/A, Armenia did not export any services to Somalia.

Somalia-Armenia Trade: In N/A, Somalia exported $3.26k to Armenia. The main products that Somalia exported to Armenia were Shaving Products ($3.26k). Over the past N/A years the exports of Somalia to Armenia have increased at an annualized rate of 23.2%, from $930 in N/A to $3.26k in N/A.

In N/A, Somalia did not export any services to Armenia.

Comparison In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Armenia does not register exports to Somalia.

In 2018, Somalia exported $3.26k to Armenia. The main products exported from Somalia to Armenia were Shaving Products ($3.26k). During the last 5 years the exports of Somalia to Armenia have increased at an annualized rate of 23.2%, from $930 in 2023 to $3.26k in 2018.

Exports from Armenia () to Somalia () (2023)

Exports from Somalia () to Armenia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Armenia than Somalia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Somalia than Armenia included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

Difference in imports from Somalia () and Armenia () (2023)

Comparative Advantage Armenia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Somalia had a large net trade with Armenia in the exports of Chemical Products ($3.26k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Somalia+$2.44kRolled Tobacco

Top Product Potential Somalia Armenia+$2.76kGold

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 Armenia and Somalia. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Somalia () (2023)

Exports from Somalia () to Armenia () (2023)

Market Competitiveness

Difference in imports from Somalia () and Armenia () (2023)

Comparative Advantage Armenia - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Somalia () (2023)

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