Georgia (GEO) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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

Somalia-Georgia Trade: In N/A, Somalia exported $1.69k to Georgia. The main products that Somalia exported to Georgia were N/A. Over the past N/A years the exports of Somalia to Georgia have decreased at an annualized rate of 20.5%, from $5.3k in N/A to $1.69k in N/A.

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

Comparison In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Georgia does not register exports to Somalia. The main products exported from Georgia to Somalia were Packaged Medicaments ($79.2k), Wheat Flours ($32.8k), and Other Edible Preparations ($14.4k).

In 2011, Somalia exported $1.69k to Georgia. There were not main exports from Somalia to Georgia in 2011. During the last 5 years the exports of Somalia to Georgia have decreased at an annualized rate of 20.5%, from $5.3k in 2016 to $1.69k in 2011.

Exports from Georgia () to Somalia () (2022)

Exports from Somalia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Somalia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Georgia than Somalia included China ($759M), Azerbaijan ($668M), and Russia ($642M).

In 2022, countries that imported more from Somalia than Georgia included United Arab Emirates ($283M), Oman ($173M), and Bahrain ($9M).

Difference in imports from Somalia () and Georgia () (2022)

Comparative Advantage Georgia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2011, Somalia had a large net trade with Georgia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Somalia+$1.49kRefined Petroleum

Top Product Potential Somalia Georgia+$1.04kNon-fillet Frozen Fish

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

Year

This visualization shows the product space at the HS4 level with the flags of Georgia and Somalia. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Somalia () (2022)

Exports from Somalia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Somalia ()

Georgia Exports

Market Competitiveness

Difference in imports from Somalia () and Georgia () (2022)

Comparative Advantage Georgia - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Somalia () (2022)

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