2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC
$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

Norway-Somalia Trade: In 2023, Norway exported $306k to Somalia. The main products that Norway exported to Somalia were Cars ($92.2k), Medical Furniture ($39.4k), and Delivery Trucks ($30.4k). Over the past 5 years the exports of Norway to Somalia have increased at an annualized rate of 23.4%, from $107k in 2018 to $306k in 2023.

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

Somalia-Norway Trade: In 2023, Somalia exported $5.53k to Norway. The main products that Somalia exported to Norway were Tea ($2.77k), Citrus ($1.21k), and Brooms ($868). Over the past 5 years the exports of Somalia to Norway have decreased at an annualized rate of 14.3%,  from $14k in 2018 to $5.53k in 2023.

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

Comparison In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47),  and 33 in total exports ($187B). 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
Value

In 2023, Norway exported $306k to Somalia. The main products exported from Norway to Somalia were Cars ($92.2k), Medical Furniture ($39.4k), and Delivery Trucks ($30.4k). During the last 5 years the exports of Norway to Somalia have increased at an annualized rate of 23.4%, from $107k in 2018 to $306k in 2023.

In 2018, Somalia exported $5.53k to Norway. The main products exported from Somalia to Norway were Tea ($2.77k), Citrus ($1.21k), and Brooms ($868). During the last 5 years the exports of Somalia to Norway have decreased at an annualized rate of 14.3%, from $14k in 2023 to $5.53k in 2018.

Exports from Norway (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Somalia
Top Destination
United Arab Emirates$360M

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

In 2023, countries that imported more from Norway than Somalia included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Somalia than Norway included Oman ($180M), Djibouti ($84.2M), and Macau ($19.9M).

Difference in imports from Somalia (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Somalia

Flow
Scale

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

During 2023, Norway had a large net trade with Somalia in the exports of Transportation ($144k), Machines ($79.2k), and Miscellaneous ($61.9k).

During 2018, Somalia had a large net trade with Norway in the exports of Vegetable Products ($4.11k), Miscellaneous ($868), and Textiles ($304).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Somalia+$78.3kCars
Top Product Potential Somalia Norway+$33.4kOther Oily Seeds

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

Product Space of Norway (Flag) and Somalia (Flag) (2023)

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