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Pricing

2022
Flag → Flag
Exports $17.9MRnk 167 / 224
2022
Flag → Flag
Top Product $2.65MOther Edible Preparations
2022
Flag → Flag
Exports $939kRnk 26 / 95
2022
Flag → Flag
Top Product $588kInsect Resins
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

United Kingdom-Somalia Trade: In 2022, United Kingdom exported $17.9M to Somalia. The main products that United Kingdom exported to Somalia were Other Edible Preparations ($2.65M), Broadcasting Equipment ($2.02M), and X-Ray Equipment ($1.47M). Over the past 5 years the exports of United Kingdom to Somalia have increased at an annualized rate of 3.43%, from $15.1M in 2017 to $17.9M in 2022.

In 2022, United Kingdom did not export any services to Somalia.

Somalia-United Kingdom Trade: In 2022, Somalia exported $939k to United Kingdom. The main products that Somalia exported to United Kingdom were Insect Resins ($588k), Other Oily Seeds ($160k), and Dried Legumes ($46.2k). Over the past 5 years the exports of Somalia to United Kingdom have increased at an annualized rate of 26.2%,  from $294k in 2017 to $939k in 2022.

In 2022, Somalia did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). 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, United Kingdom exported £1.65M and imported £36.3k from Somalia, resulting in a positive trade balance of £1.61M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £89.2k (5.73%) from £1.56M to £1.65M, while imports decreased by £-40k (-52.4%) from £76.3k to £36.3k.

Trade In August 2024, the top exports of United Kingdom to Somalia were Electric Generating Sets (£625k), Scented Mixtures (£199k), Cars (£126k), Electric Motor Parts (£53.4k), and Malt Extract (£45.1k). In August 2024 the top imports of United Kingdom from Somalia were .

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£491k), Felixstowe (£422k), London Heathrow Airport (£411k), Southampton (£171k), and Belfast (£121k), while imports destinations were mainly London Heathrow Airport (£36.3k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Somalia was explained primarily by an increase in product exports in Cars (£80.6k or 179%), Used Clothing (£31.4k or 241%), and Valves (£20.6k or 1.74k%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£89.2k(5.73%)
IMPORT GROWTH (August 2023 - August 2024)£-40k(-52.4%)
MAIN EXPORTER (August 2024)London Gateway£491k

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

To check Somalia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $17.9M to Somalia. The main products exported from United Kingdom to Somalia were Other Edible Preparations ($2.65M), Broadcasting Equipment ($2.02M), and X-Ray Equipment ($1.47M). During the last 5 years the exports of United Kingdom to Somalia have increased at an annualized rate of 3.43%, from $15.1M in 2017 to $17.9M in 2022.

In 2017, Somalia exported $939k to United Kingdom. The main products exported from Somalia to United Kingdom were Insect Resins ($588k), Other Oily Seeds ($160k), and Dried Legumes ($46.2k). During the last 5 years the exports of Somalia to United Kingdom have increased at an annualized rate of 26.2%, from $294k in 2022 to $939k in 2017.

Exports from United Kingdom (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationN/AN/A
Somalia
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Somalia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Somalia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Somalia in the exports of Machines ($5.37M), Foodstuffs ($4.43M), and Instruments ($1.72M).

During 2017, Somalia had a large net trade with United Kingdom in the exports of Vegetable Products ($796k), Textiles ($56.8k), and Animal and Vegetable Bi-Products ($41.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Somalia+$1.66MCars
Top Product Potential Somalia United Kingdom+$353kInsect Resins

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

Product Space of United Kingdom (Flag) and Somalia (Flag) (2022)

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