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Pricing

2022
Flag → Flag
Exports $2.48MRnk 196 / 211
2022
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Top Product $657kDelivery Trucks
2022
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Exports $4.24MRnk 9 / 95
2022
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Top Product $2.81MMolluscs
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$8.13BCURRENT US$
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2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
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GDP PC $33,815CURRENT US$
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2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Japan-Somalia Trade: In 2022, Japan exported $2.48M to Somalia. The main products that Japan exported to Somalia were Delivery Trucks ($657k), X-Ray Equipment ($510k), and Buses ($473k). Over the past 5 years the exports of Japan to Somalia have decreased at an annualized rate of 7.86%, from $3.73M in 2017 to $2.48M in 2022.

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

Somalia-Japan Trade: In 2022, Somalia exported $4.24M to Japan. The main products that Somalia exported to Japan were Molluscs ($2.81M), Fish oil ($988k), and Other Oily Seeds ($272k). Over the past 5 years the exports of Somalia to Japan have decreased at an annualized rate of 17.3%,  from $10.9M in 2017 to $4.24M in 2022.

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

Comparison In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($728B). 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, Japan exported ¥27.5M and imported ¥23.9M from Somalia, resulting in a positive trade balance of ¥3.62M. Between August 2023 and August 2024 the exports of Japan have increased by ¥1.75M (6.76%) from ¥25.8M to ¥27.5M, while imports decreased by ¥-126M (-84%) from ¥150M to ¥23.9M.

Trade In August 2024, the top exports of Japan to Somalia were Other Nitrogen Compounds (¥29.3M) and Bicycles, delivery tricycles, other cycles (¥1.49M). In August 2024 the top imports of Japan from Somalia were Molluscs (¥37.9M), Fish oil (¥30.2M), Fish Fillets (¥9.16M), and Essential Oils (¥2.15M).

Origins In August 2024 the exports of Japan were mainly from Aichi (¥19.5M), Hyōgo (¥6.14M), and Kanagawa (¥1.94M), while imports destinations were mainly Osaka (¥18.7M), Chiba (¥3.59M), and Kanagawa (¥1.66M).

Growth In August 2024, the increase in Japan's year-by-year exports to Somalia was explained primarily by an increase in product exports in . In August 2024, the decrease in Japan's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Fish oil (¥-2.33M or -7.17%) and Essential Oils (¥-607k or -22.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥1.75M(6.76%)
IMPORT GROWTH (August 2023 - August 2024)¥-126M(-84%)
MAIN EXPORTER (August 2024)Aichi¥19.5M

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

To check Somalia and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $2.48M to Somalia. The main products exported from Japan to Somalia were Delivery Trucks ($657k), X-Ray Equipment ($510k), and Buses ($473k). During the last 5 years the exports of Japan to Somalia have decreased at an annualized rate of 7.86%, from $3.73M in 2017 to $2.48M in 2022.

In 2017, Somalia exported $4.24M to Japan. The main products exported from Somalia to Japan were Molluscs ($2.81M), Fish oil ($988k), and Other Oily Seeds ($272k). During the last 5 years the exports of Somalia to Japan have decreased at an annualized rate of 17.3%, from $10.9M in 2022 to $4.24M in 2017.

Exports from Japan (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Japan than Somalia included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, no countries were registered that imported more from Somalia than from Japan.

Difference in imports from Somalia (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Somalia

Flow
Scale

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

During 2022, Japan had a large net trade with Somalia in the exports of Transportation ($1.58M), Instruments ($522k), and Machines ($202k).

During 2017, Somalia had a large net trade with Japan in the exports of Animal Products ($2.83M), Animal and Vegetable Bi-Products ($988k), and Vegetable Products ($293k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Somalia+$1.15MCars
Top Product Potential Somalia Japan+$1.24MMolluscs

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

Product Space of Japan (Flag) and Somalia (Flag) (2022)

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