Kuwait (KWT) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Kuwait-Somalia Trade: In 2023, Kuwait exported $230k to Somalia. The main products that Kuwait exported to Somalia were Refined Petroleum ($152k), Cars ($27.7k), and Motor vehicle (8701 to 8705) chassis fitted with engine ($17.3k). Over the past 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 4.68%, from $183k in 2018 to $230k in 2023.

In 2023, Kuwait did not export any services to Somalia.

Somalia-Kuwait Trade: In 2023, Somalia exported $4.85M to Kuwait. The main products that Somalia exported to Kuwait were Sheep and Goats ($2.05M), Bovine ($1.85M), and Citrus ($580k). Over the past 5 years the exports of Somalia to Kuwait have increased at an annualized rate of 47%, from $705k in 2018 to $4.85M in 2023.

In 2023, Somalia did not export any services to Kuwait.

Comparison In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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 2023, Kuwait exported $230k to Somalia. The main products exported from Kuwait to Somalia were Refined Petroleum ($152k), Cars ($27.7k), and Motor vehicle (8701 to 8705) chassis fitted with engine ($17.3k). During the last 5 years the exports of Kuwait to Somalia have increased at an annualized rate of 4.68%, from $183k in 2018 to $230k in 2023.

In 2018, Somalia exported $4.85M to Kuwait. The main products exported from Somalia to Kuwait were Sheep and Goats ($2.05M), Bovine ($1.85M), and Citrus ($580k). During the last 5 years the exports of Somalia to Kuwait have increased at an annualized rate of 47%, from $705k in 2023 to $4.85M in 2018.

Exports from Kuwait () to Somalia () (2023)

Exports from Somalia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Somalia ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Kuwait than Somalia included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Somalia than Kuwait included Djibouti ($84.2M), Macau ($19.9M), and Azerbaijan ($960k).

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

Comparative Advantage Kuwait - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Somalia in the exports of Mineral Products ($152k), Transportation ($64.8k), and Machines ($6.51k).

During 2018, Somalia had a large net trade with Kuwait in the exports of Animal Products ($4.23M), Vegetable Products ($606k), and Chemical Products ($3.26k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Somalia+$517kRefined Petroleum

Top Product Potential Somalia Kuwait+$1.86MSheep and Goats

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Somalia () (2023)

Exports from Somalia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Somalia ()

Kuwait Exports

Market Competitiveness

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

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

Keep Exploring