China / Somalia

Overview In August 2024, China exported $90.9M and imported $168k from Somalia, resulting in a positive trade balance of $90.7M. Between August 2023 and August 2024 the exports of China have increased by $8.67M (10.5%) from $82.2M to $90.9M, while imports decreased by $-215k (-56.2%) from $383k to $168k.

Trade In August 2024, the top exports of China to Somalia were Woven Fabric of Synthetic Staple Fibers ($11.2M), Coated Flat-Rolled Iron ($10.1M), Rubber Footwear ($3.6M), Synthetic Filament Yarn Woven Fabric ($3.29M), and Other Small Iron Pipes ($3.05M). In August 2024 the top imports of China from Somalia were Molluscs ($472k), Insect Resins ($151k), Motor vehicles; parts and accessories (8701... ($15.9k), Other Rubber Products ($3.7k), and Commodities not elsewhere specified ($1.45k).

Origins In August 2024 the exports of China were mainly from Zhejiang Province ($38.6M), Jiangsu Province ($15.9M), Guangdong Province ($11.6M), Shandong Province ($9.3M), and Shanghai Province ($2.92M), while imports destinations were mainly Hebei Province ($113k), Beijing ($31k), Liaoning Province ($18.9k), Shanghai Province ($2.31k), and Guangdong Province ($1.16k).

Growth In August 2024, the increase in China's year-by-year exports to Somalia was explained primarily by an increase in product exports in Coated Flat-Rolled Iron ($2.71M or 36.5%), Other Small Iron Pipes ($1.47M or 93.5%), and Telephones ($1.36M or 110%). In August 2024, the decrease in China's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Molluscs ($-137k or -22.5%), Aircraft parts including unmanned craft ($-905 or -43.5%), and Commodities not elsewhere specified ($-830 or -36.4%).