Israel (ISR) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Israel-Somalia Trade: In 2022, Israel exported $7.13M to Somalia. The main products that Israel exported to Somalia were N/A. Over the past 7 years the exports of Israel to Somalia have increased at an annualized rate of 84.2%, from $99k in 2015 to $7.13M in 2022.

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

Somalia-Israel Trade: In 2022, Somalia exported $7.01k to Israel. The main products that Somalia exported to Israel were Essential Oils ($3k), Silver ($3k), and Electrical Power Accessories ($1k). Over the past 7 years the exports of Somalia to Israel have decreased at an annualized rate of 16%, from $20k in 2015 to $7.01k in 2022.

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

Comparison In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Somalia ranked 161 in total exports ($1.03B), 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, Israel exported $7.13M to Somalia. There were not main exports from Israel to Somalia in 2022. During the last 7 years the exports of Israel to Somalia have increased at an annualized rate of 84.2%, from $99k in 2015 to $7.13M in 2022.

In 2018, Somalia exported $7.01k to Israel. The main products exported from Somalia to Israel were Essential Oils ($3k), Silver ($3k), and Electrical Power Accessories ($1k). During the last 5 years the exports of Somalia to Israel have decreased at an annualized rate of 16%, from $20k in 2023 to $7.01k in 2018.

Exports from Israel () to Somalia () (2023)

Exports from Somalia () to Israel () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Israel than Somalia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Somalia than Israel included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

Difference in imports from Somalia () and Israel () (2023)

Comparative Advantage Israel - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Israel had a large net trade with Somalia in the exports of .

During 2018, Somalia had a large net trade with Israel in the exports of Chemical Products ($3k), Precious Metals ($3k), and Machines ($1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Somalia+$1.08MTelephones

Top Product Potential Somalia Israel+$3.34kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Israel () to Somalia () (2023)

Exports from Somalia () to Israel () (2023)

Market Competitiveness

Difference in imports from Somalia () and Israel () (2023)

Comparative Advantage Israel - 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 Israel () and Somalia () (2023)

Keep Exploring