2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186

About

In N/A, North Macedonia did not export any services to Somalia.

Somalia-North Macedonia Trade: In N/A, Somalia exported $2 to North Macedonia. The main products that Somalia exported to North Macedonia were Essential Oils ($2). Over the past N/A years the exports of Somalia to North Macedonia have decreased at an annualized rate of 74.3%,  from $1.77k in N/A to $2 in N/A.

In N/A, Somalia did not export any services to North Macedonia.

Comparison In 2022,  North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25),  and 105 in total exports ($9.52B). 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

North Macedonia does not register exports to Somalia.

In 2017, Somalia exported $2 to North Macedonia. The main products exported from Somalia to North Macedonia were Essential Oils ($2). During the last 5 years the exports of Somalia to North Macedonia have decreased at an annualized rate of 74.3%, from $1.77k in 2022 to $2 in 2017.

Exports from North Macedonia (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to North Macedonia (Flag) (2022)

Latest Data

Trade between North Macedonia (Flag) and Somalia (Flag)

North Macedonia Exports

Date

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Somalia
Top Destination
United Arab Emirates$283M

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

In 2022, countries that imported more from North Macedonia than Somalia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Somalia than North Macedonia included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

Difference in imports from Somalia (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Somalia

Flow
Scale

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

During 2017, Somalia had a large net trade with North Macedonia in the exports of Chemical Products ($2).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Somalia+$1.67kInsulated Wire
Top Product Potential Somalia North Macedonia+$1.74kGold

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

Product Space of North Macedonia (Flag) and Somalia (Flag) (2022)

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