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Pricing

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Flag → Flag
Exports $12.6kRnk 62 / 95
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Flag → Flag
Top Product $11.6kShaving Products
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
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GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

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

Somalia-Armenia Trade: In N/A, Somalia exported $12.6k to Armenia. The main products that Somalia exported to Armenia were Shaving Products ($11.6k), Precious Stones ($767), and Citrus ($243). Over the past N/A years the exports of Somalia to Armenia have increased at an annualized rate of 221%,  from $37 in N/A to $12.6k in N/A.

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

Comparison In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081),  and 122 in total exports ($5.78B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Armenia does not register exports to Somalia.

In 2017, Somalia exported $12.6k to Armenia. The main products exported from Somalia to Armenia were Shaving Products ($11.6k), Precious Stones ($767), and Citrus ($243). During the last 5 years the exports of Somalia to Armenia have increased at an annualized rate of 221%, from $37 in 2022 to $12.6k in 2017.

Exports from Armenia (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Armenia (Flag) (2022)

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Somalia
Top DestinationUnited Arab Emirates$283M

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 2022, countries that imported more from Armenia than Somalia included Russia ($2.36B), China ($420M), and Georgia ($260M).

In 2022, countries that imported more from Somalia than Armenia included Oman ($173M), Bahrain ($9M), and Kuwait ($13.5M).

Difference in imports from Somalia (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Somalia

Flow
Scale

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

During 2017, Somalia had a large net trade with Armenia in the exports of Chemical Products ($11.6k), Precious Metals ($767), and Vegetable Products ($243).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Armenia (Flag) and Somalia (Flag) (2022)

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