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Pricing

2022
Flag → Flag
Exports $2.39MRnk 167 / 198
2022
Flag → Flag
Top Product $1.2MBroadcasting Equipment
2022
Flag → Flag
Exports $1.04MRnk 23 / 95
2022
Flag → Flag
Top Product $545kFish: dried, salted, smoked or in brine
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Hong Kong-Somalia Trade: In 2022, Hong Kong exported $2.39M to Somalia. The main products that Hong Kong exported to Somalia were Broadcasting Equipment ($1.2M), Medical Instruments ($576k), and Chemical Analysis Instruments ($255k). Over the past 5 years the exports of Hong Kong to Somalia have increased at an annualized rate of 5.46%, from $1.83M in 2017 to $2.39M in 2022.

In 2022, Hong Kong did not export any services to Somalia.

Somalia-Hong Kong Trade: In 2022, Somalia exported $1.04M to Hong Kong. The main products that Somalia exported to Hong Kong were Fish: dried, salted, smoked or in brine ($545k), Crustaceans ($273k), and Processed Crustaceans ($111k). Over the past 5 years the exports of Somalia to Hong Kong have decreased at an annualized rate of 2.25%,  from $1.16M in 2017 to $1.04M in 2022.

In 2022, Somalia did not export any services to Hong Kong.

Comparison In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18),  and 39 in total exports ($113B). 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
Value

In 2022, Hong Kong exported $2.39M to Somalia. The main products exported from Hong Kong to Somalia were Broadcasting Equipment ($1.2M), Medical Instruments ($576k), and Chemical Analysis Instruments ($255k). During the last 5 years the exports of Hong Kong to Somalia have increased at an annualized rate of 5.46%, from $1.83M in 2017 to $2.39M in 2022.

In 2017, Somalia exported $1.04M to Hong Kong. The main products exported from Somalia to Hong Kong were Fish: dried, salted, smoked or in brine ($545k), Crustaceans ($273k), and Processed Crustaceans ($111k). During the last 5 years the exports of Somalia to Hong Kong have decreased at an annualized rate of 2.25%, from $1.16M in 2022 to $1.04M in 2017.

Exports from Hong Kong (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Somalia (Flag)

Hong Kong Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Hong Kong than Somalia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

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

Difference in imports from Somalia (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Somalia

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Somalia in the exports of Machines ($1.22M), Instruments ($874k), and Plastics and Rubbers ($231k).

During 2017, Somalia had a large net trade with Hong Kong in the exports of Animal Products ($894k), Foodstuffs ($111k), and Animal Hides ($31.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Somalia+$2.2MTelephones
Top Product Potential Somalia Hong Kong+$527kCrustaceans

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

Product Space of Hong Kong (Flag) and Somalia (Flag) (2022)

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