Bangladesh (BGD) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Bangladesh-Somalia Trade: In 2015, Bangladesh exported $9.52M to Somalia. The main products that Bangladesh exported to Somalia were N/A. Over the past 6 years the exports of Bangladesh to Somalia have increased at an annualized rate of 46.5%, from $962k in 2009 to $9.52M in 2015.

In 2015, Bangladesh did not export any services to Somalia.

Somalia-Bangladesh Trade: In 2015, Somalia exported $124k to Bangladesh. The main products that Somalia exported to Bangladesh were N/A. Over the past 6 years the exports of Somalia to Bangladesh have increased at an annualized rate of 28.3%, from $35.6k in 2009 to $124k in 2015.

In 2015, Somalia did not export any services to Bangladesh.

Comparison In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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

In 2015, Bangladesh exported $9.52M to Somalia. There were not main exports from Bangladesh to Somalia in 2015. During the last 6 years the exports of Bangladesh to Somalia have increased at an annualized rate of 46.5%, from $962k in 2009 to $9.52M in 2015.

In 2010, Somalia exported $124k to Bangladesh. There were not main exports from Somalia to Bangladesh in 2010. During the last 5 years the exports of Somalia to Bangladesh have increased at an annualized rate of 28.3%, from $35.6k in 2015 to $124k in 2010.

Exports from Bangladesh () to Somalia () (2015)

Exports from Somalia () to Bangladesh () (2015)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Bangladesh than Somalia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Somalia than Bangladesh included Oman ($180M), Djibouti ($84.2M), and Macau ($19.9M).

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

Comparative Advantage Bangladesh - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Bangladesh had a large net trade with Somalia in the exports of .

During 2010, Somalia had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Somalia+$2.9kNon-Knit Men's Suits

Top Product Potential Somalia Bangladesh+$4.2kGold

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Somalia () (2015)

Exports from Somalia () to Bangladesh () (2015)

Market Competitiveness

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

Comparative Advantage Bangladesh - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Somalia () (2015)

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