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Pricing

2023
Flag → Flag
Exports $2.25MRnk 178 / 215
2023
Flag → Flag
Top Product $818kMachinery Having Individual Functions
2023
Flag → Flag
Exports $289kRnk 33 / 92
2023
Flag → Flag
Top Product $174kEssential Oils
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Canada-Somalia Trade: In 2023, Canada exported $2.25M to Somalia. The main products that Canada exported to Somalia were Machinery Having Individual Functions ($818k), Other Edible Preparations ($259k), and Excavation Machinery ($191k). Over the past 5 years the exports of Canada to Somalia have decreased at an annualized rate of 18.6%, from $6.3M in 2018 to $2.25M in 2023.

In 2023, Canada did not export any services to Somalia.

Somalia-Canada Trade: In 2023, Somalia exported $289k to Canada. The main products that Somalia exported to Canada were Essential Oils ($174k), Processed Crustaceans ($27.2k), and Excavation Machinery ($13.7k). Over the past 5 years the exports of Somalia to Canada have decreased at an annualized rate of 13.6%,  from $602k in 2018 to $289k in 2023.

In 2023, Somalia did not export any services to Canada.

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Canada exported C$21.5k and imported C$25.9k from Somalia, resulting in a negative trade balance of C$4.42k. Between December 2023 and December 2024 the exports of Canada have decreased by C$-244k (-91.9%) from C$265k to C$21.5k, while imports decreased by C$-8.64k (-25%) from C$34.6k to C$25.9k.

Trade In December 2024, the top exports of Canada to Somalia were Broadcasting Equipment (C$2.11M), Commodities not elsewhere specified (C$19k), Tool Sets (C$16.1k), Other Footwear (C$10.4k), and Cutlery Sets (C$4.6k). In December 2024 the top imports of Canada from Somalia were Essential Oils (C$16.5k), Aquatic invertebrates, other than crustaceans and... (C$4.71k), Excavation Machinery (C$3.96k), Packaged Medicaments (C$2.02k), and Valves (C$517).

Origins In December 2024 the exports of Canada were mainly from Ontario (C$18.5k) and Quebec (C$3k), while imports destinations were mainly Ontario (C$14.4k), Alberta (C$10.5k), British Columbia (C$909), and Saskatchewan (C$131).

Growth In December 2024, the decrease in Canada's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In December 2024, the decrease in Canada's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Essential Oils (C$-6.06k or -26.9%), Valves (C$-327 or -38.7%), and Centrifuges (C$-47 or -90.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)C$-244k(-91.9%)
IMPORT GROWTH (December 2023 - December 2024)C$-8.64k(-25%)
MAIN EXPORTER (December 2024)OntarioC$18.5k

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

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

For full datasets download visit Bulk Download page.

Explore Somalia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $2.25M to Somalia. The main products exported from Canada to Somalia were Machinery Having Individual Functions ($818k), Other Edible Preparations ($259k), and Excavation Machinery ($191k). During the last 5 years the exports of Canada to Somalia have decreased at an annualized rate of 18.6%, from $6.3M in 2018 to $2.25M in 2023.

In 2018, Somalia exported $289k to Canada. The main products exported from Somalia to Canada were Essential Oils ($174k), Processed Crustaceans ($27.2k), and Excavation Machinery ($13.7k). During the last 5 years the exports of Somalia to Canada have decreased at an annualized rate of 13.6%, from $602k in 2023 to $289k in 2018.

Exports from Canada (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Canada than Somalia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Difference in imports from Somalia (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Somalia

Flow
Scale

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

During 2023, Canada had a large net trade with Somalia in the exports of Machines ($1.35M), Foodstuffs ($259k), and Transportation ($237k).

During 2018, Somalia had a large net trade with Canada in the exports of Chemical Products ($182k), Machines ($33.7k), and Foodstuffs ($29.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Somalia+$726kCars
Top Product Potential Somalia Canada+$82.8kEssential Oils

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

Product Space of Canada (Flag) and Somalia (Flag) (2023)

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