Oman (OMN) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Oman-Somalia Trade: In 2022, Oman exported $248M to Somalia. The main products that Oman exported to Somalia were Concentrated Milk ($57.8M), Cement ($35.2M), and Wheat Flours ($32.5M). Over the past 5 years the exports of Oman to Somalia have decreased at an annualized rate of 3.87%, from $302M in 2017 to $248M in 2022.

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

Somalia-Oman Trade: In 2022, Somalia exported $173M to Oman. The main products that Somalia exported to Oman were Sheep and Goats ($137M), Bovine ($29.5M), and Other Animals ($3.37M). Over the past 5 years the exports of Somalia to Oman have increased at an annualized rate of 3.57%, from $135M in 2017 to $173M in 2022.

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

Comparison In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $248M to Somalia. The main products exported from Oman to Somalia were Concentrated Milk ($57.8M), Cement ($35.2M), and Wheat Flours ($32.5M). During the last 5 years the exports of Oman to Somalia have decreased at an annualized rate of 3.87%, from $302M in 2017 to $248M in 2022.

In 2017, Somalia exported $173M to Oman. The main products exported from Somalia to Oman were Sheep and Goats ($137M), Bovine ($29.5M), and Other Animals ($3.37M). During the last 5 years the exports of Somalia to Oman have increased at an annualized rate of 3.57%, from $135M in 2022 to $173M in 2017.

Exports from Oman () to Somalia () (2022)

Exports from Somalia () to Oman () (2022)

Latest Data

Trade between Oman () and Somalia ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Oman than Somalia included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Somalia than Oman included Macau ($2.24M), Bulgaria ($18.5M), and Israel ($13k).

Difference in imports from Somalia () and Oman () (2022)

Comparative Advantage Oman - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Somalia in the exports of Animal Products ($58.4M), Mineral Products ($43.3M), and Vegetable Products ($39.1M).

During 2017, Somalia had a large net trade with Oman in the exports of Animal Products ($173M), Animal Hides ($30.8k), and Metals ($24.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Somalia+$1.86MRefined Petroleum

Top Product Potential Somalia Oman+$53.8kMolluscs

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

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Somalia. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Somalia () (2022)

Exports from Somalia () to Oman () (2022)

Latest Data

Trade between Oman () and Somalia ()

Oman Exports

Market Competitiveness

Difference in imports from Somalia () and Oman () (2022)

Comparative Advantage Oman - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Somalia () (2022)

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