2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

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

Somalia-Chile In N/A, Somalia did not export any products to Chile.

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

Comparison In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2),  and 43 in total exports ($98.9B). 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
Value

Chile does not register exports to Somalia.

Somalia does not register exports to Chile. The main products exported from Somalia to Chile were Essential Oils ($3.1k).

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Somalia
Top Destination
United Arab Emirates$360M

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

In 2023, countries that imported more from Chile than Somalia included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Somalia than Chile included Saudi Arabia ($283M), Oman ($180M), and United Arab Emirates ($360M).

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

Comparative Advantage Chile - Somalia

Flow
Scale

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Somalia+$2.11kRefined Petroleum
Top Product Potential Somalia Chile+$1.6kCrustaceans

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

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

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