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Pricing

2022
Flag → Flag
Exports $42.1MRnk 136 / 223
2022
Flag → Flag
Top Product $35.9MRaw Sugar
2022
Flag → Flag
Exports $70.3kRnk 45 / 95
2022
Flag → Flag
Top Product $62.9kInsect Resins
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Brazil-Somalia Trade: In 2022, Brazil exported $42.1M to Somalia. The main products that Brazil exported to Somalia were Raw Sugar ($35.9M), Poultry Meat ($5.85M), and Confectionery Sugar ($333k). Over the past 5 years the exports of Brazil to Somalia have decreased at an annualized rate of 9.6%, from $69.7M in 2017 to $42.1M in 2022.

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

Somalia-Brazil Trade: In 2022, Somalia exported $70.3k to Brazil. The main products that Somalia exported to Brazil were Insect Resins ($62.9k), Essential Oils ($6.26k), and Live Fish ($1.18k). Over the past 5 years the exports of Somalia to Brazil have increased at an annualized rate of 212%,  from $236 in 2017 to $70.3k in 2022.

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

Comparison In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36),  and 25 in total exports ($341B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $7.85M and imported $406 from Somalia, resulting in a positive trade balance of $7.85M. Between October 2023 and October 2024 the exports of Brazil have decreased by $-8.41M (-51.7%) from $16.3M to $7.85M, while imports decreased by $-42k (-99%) from $42.5k to $406.

Trade In October 2024, the top exports of Brazil to Somalia were Raw Sugar ($11.3M) and Poultry Meat ($129k). In October 2024 the top imports of Brazil from Somalia were .

Origins In October 2024 the exports of Brazil were mainly from São Paulo ($5.83M), Minas Gerais ($676k), Paraná ($573k), Mato Grosso ($455k), and Santa Catarina ($124k), while imports destinations were mainly N/A.

Growth In October 2024, the decrease in Brazil's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Poultry Meat ($-8.5k or -6.17%). In September 2024, the decrease in Brazil's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-8.41M(-51.7%)
IMPORT GROWTH (September 2023 - September 2024)$-42k(-99%)
MAIN EXPORTER (October 2024)São Paulo$5.83M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Somalia and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $42.1M to Somalia. The main products exported from Brazil to Somalia were Raw Sugar ($35.9M), Poultry Meat ($5.85M), and Confectionery Sugar ($333k). During the last 5 years the exports of Brazil to Somalia have decreased at an annualized rate of 9.6%, from $69.7M in 2017 to $42.1M in 2022.

In 2017, Somalia exported $70.3k to Brazil. The main products exported from Somalia to Brazil were Insect Resins ($62.9k), Essential Oils ($6.26k), and Live Fish ($1.18k). During the last 5 years the exports of Somalia to Brazil have increased at an annualized rate of 212%, from $236 in 2022 to $70.3k in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationN/AN/A
Somalia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage Brazil - Somalia

Flow
Scale

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

During 2022, Brazil had a large net trade with Somalia in the exports of Foodstuffs ($36.2M), Animal Products ($5.85M), and Textiles ($50).

During 2017, Somalia had a large net trade with Brazil in the exports of Vegetable Products ($62.9k), Chemical Products ($6.26k), and Animal Products ($1.18k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Somalia+$3.49MRaw Sugar
Top Product Potential Somalia Brazil+$92.4kInsect Resins

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

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

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