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Pricing

2022
Flag → Flag
Exports $2.04MRnk 183 / 215
2022
Flag → Flag
Top Product $371kFork-Lifts
2022
Flag → Flag
Exports $317kRnk 32 / 95
2022
Flag → Flag
Top Product $173kEssential Oils
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Canada-Somalia Trade: In 2022, Canada exported $2.04M to Somalia. The main products that Canada exported to Somalia were Fork-Lifts ($371k), Machinery Having Individual Functions ($330k), and Other Edible Preparations ($250k). Over the past 5 years the exports of Canada to Somalia have decreased at an annualized rate of 15.6%, from $4.76M in 2017 to $2.04M in 2022.

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

Somalia-Canada Trade: In 2022, Somalia exported $317k to Canada. The main products that Somalia exported to Canada were Essential Oils ($173k), Processed Crustaceans ($55.6k), and Ball Bearings ($25.1k). Over the past 5 years the exports of Somalia to Canada have increased at an annualized rate of 5.78%,  from $240k in 2017 to $317k in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$73.3k and imported C$31.9k from Somalia, resulting in a positive trade balance of C$41.4k. Between August 2023 and August 2024 the exports of Canada have increased by C$72.3k (6.83k%) from C$1.06k to C$73.3k, while imports increased by C$2.61k (8.89%) from C$29.3k to C$31.9k.

Trade In August 2024, the top exports of Canada to Somalia were Excavation Machinery (C$222k), Machinery Having Individual Functions (C$201k), Plastic Housewares (C$51k), Cars (C$17k), and Other Inedible Animal Products (C$9.79k). In August 2024 the top imports of Canada from Somalia were Essential Oils (C$22.5k), Stranded Iron Wire (C$16.4k), Pickled Foods (C$3.29k), Processed Crustaceans (C$3.04k), and Aquatic invertebrates, other than crustaceans and... (C$1.4k).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$73.3k), while imports destinations were mainly Ontario (C$19.6k), Alberta (C$8.44k), British Columbia (C$3.29k), and Quebec (C$550).

Growth In August 2024, the increase in Canada's year-by-year exports to Somalia was explained primarily by an increase in product exports in Cars (C$15.5k or 1.03k%). In August 2024, the increase in Canada's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in Essential Oils (C$14.2k or 171%) and Valves (C$317 or 60.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$72.3k(6.83k%)
IMPORT GROWTH (August 2023 - August 2024)C$2.61k(8.89%)
MAIN EXPORTER (August 2024)OntarioC$73.3k

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 2022, Canada exported $2.04M to Somalia. The main products exported from Canada to Somalia were Fork-Lifts ($371k), Machinery Having Individual Functions ($330k), and Other Edible Preparations ($250k). During the last 5 years the exports of Canada to Somalia have decreased at an annualized rate of 15.6%, from $4.76M in 2017 to $2.04M in 2022.

In 2017, Somalia exported $317k to Canada. The main products exported from Somalia to Canada were Essential Oils ($173k), Processed Crustaceans ($55.6k), and Ball Bearings ($25.1k). During the last 5 years the exports of Somalia to Canada have increased at an annualized rate of 5.78%, from $240k in 2022 to $317k in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Somalia
Top DestinationUnited Arab Emirates$283M

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 2022, countries that imported more from Canada than Somalia included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Somalia than Canada included Oman ($173M).

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

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 2022, Canada had a large net trade with Somalia in the exports of Machines ($978k), Transportation ($341k), and Foodstuffs ($250k).

During 2017, Somalia had a large net trade with Canada in the exports of Chemical Products ($181k), Foodstuffs ($58k), and Machines ($44.3k).

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) (2022)

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