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Pricing

2022
Flag → Flag
Exports $1.05BRnk 127 / 211
2022
Flag → Flag
Top Product $124MWoven Fabric of Synthetic Staple Fibers
2022
Flag → Flag
Exports $7.02MRnk 8 / 95
2022
Flag → Flag
Top Product $3.54MMolluscs
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

China-Somalia Trade: In 2022, China exported $1.05B to Somalia. The main products that China exported to Somalia were Woven Fabric of Synthetic Staple Fibers ($124M), Coated Flat-Rolled Iron ($94.2M), and Rubber Tires ($44.1M). Over the past 5 years the exports of China to Somalia have increased at an annualized rate of 17.2%, from $473M in 2017 to $1.05B in 2022.

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

Somalia-China Trade: In 2022, Somalia exported $7.02M to China. The main products that Somalia exported to China were Molluscs ($3.54M), Insect Resins ($2.49M), and Non-fillet Frozen Fish ($275k). Over the past 5 years the exports of Somalia to China have decreased at an annualized rate of 9.51%,  from $11.6M in 2017 to $7.02M in 2022.

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

Comparison In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12),  and 1 in total exports ($3.73T). 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, China exported $83.6M and imported $399k from Somalia, resulting in a positive trade balance of $83.2M. Between October 2023 and October 2024 the exports of China have increased by $5.01M (6.37%) from $78.6M to $83.6M, while imports increased by $80.6k (25.3%) from $319k to $399k.

Trade In October 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 October 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 October 2024 the exports of China were mainly from Zhejiang Province ($29.7M), Jiangsu Province ($14M), Shandong Province ($11.6M), Guangdong Province ($7.2M), and Shanghai Province ($3.04M), while imports destinations were mainly Hebei Province ($171k), Anhui Province ($153k), Heilongjiang Province ($33.6k), Tianjin ($23.2k), and Liaoning Province ($7.47k).

Growth In October 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 October 2024, the increase in China's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in Insect Resins ($126k or 490%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$5.01M(6.37%)
IMPORT GROWTH (October 2023 - October 2024)$80.6k(25.3%)
MAIN EXPORTER (October 2024)Zhejiang Province$29.7M

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

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

For full datasets download visit Bulk Download page.

Explore Somalia and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $1.05B to Somalia. The main products exported from China to Somalia were Woven Fabric of Synthetic Staple Fibers ($124M), Coated Flat-Rolled Iron ($94.2M), and Rubber Tires ($44.1M). During the last 5 years the exports of China to Somalia have increased at an annualized rate of 17.2%, from $473M in 2017 to $1.05B in 2022.

In 2017, Somalia exported $7.02M to China. The main products exported from Somalia to China were Molluscs ($3.54M), Insect Resins ($2.49M), and Non-fillet Frozen Fish ($275k). During the last 5 years the exports of Somalia to China have decreased at an annualized rate of 9.51%, from $11.6M in 2022 to $7.02M in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Somalia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage China - Somalia

Flow
Scale

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

During 2022, China had a large net trade with Somalia in the exports of Metals ($260M), Textiles ($257M), and Machines ($148M).

During 2017, Somalia had a large net trade with China in the exports of Animal Products ($3.82M), Vegetable Products ($2.49M), and Mineral Products ($284k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Somalia+$31.7MTelephones
Top Product Potential Somalia China+$2.9MMolluscs

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

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

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