Greece (GRC) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Greece-Somalia Trade: In 2022, Greece exported $438k to Somalia. The main products that Greece exported to Somalia were Packaged Medicaments ($392k), Large Construction Vehicles ($29k), and Brochures ($13.6k). Over the past 5 years the exports of Greece to Somalia have increased at an annualized rate of 7.57%, from $304k in 2017 to $438k in 2022.

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

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

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

Comparison In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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

In 2022, Greece exported $438k to Somalia. The main products exported from Greece to Somalia were Packaged Medicaments ($392k), Large Construction Vehicles ($29k), and Brochures ($13.6k). During the last 5 years the exports of Greece to Somalia have increased at an annualized rate of 7.57%, from $304k in 2017 to $438k in 2022.

Somalia does not register exports to Greece. The main products exported from Somalia to Greece were Other Oily Seeds ($114k) and Essential Oils ($13.5k).

Exports from Greece () to Somalia () (2022)

Exports from Somalia () to Greece () (2022)

Latest Data

Trade between Greece () and Somalia ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Greece than Somalia included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2022, countries that imported more from Somalia than Greece included Oman ($173M).

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

Comparative Advantage Greece - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Somalia in the exports of Chemical Products ($392k), Machines ($30k), and Paper Goods ($13.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Somalia+$531kPackaged Medicaments

Top Product Potential Somalia Greece+$109kOther Oily Seeds

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Somalia () (2022)

Exports from Somalia () to Greece () (2022)

Latest Data

Trade between Greece () and Somalia ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Greece - Somalia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring