Peru (PER) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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

Somalia-Peru Trade: In N/A, Somalia exported $503 to Peru. The main products that Somalia exported to Peru were Electrical Power Accessories ($439), Other Cast Iron Products ($22), and Air Pumps ($15). Over the past N/A years the exports of Somalia to Peru have increased at an annualized rate of 19.9%, from $169 in N/A to $503 in N/A.

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

Comparison In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). 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

Peru does not register exports to Somalia.

In 2018, Somalia exported $503 to Peru. The main products exported from Somalia to Peru were Electrical Power Accessories ($439), Other Cast Iron Products ($22), and Air Pumps ($15). During the last 5 years the exports of Somalia to Peru have increased at an annualized rate of 19.9%, from $169 in 2023 to $503 in 2018.

Exports from Peru () to Somalia () (2023)

Exports from Somalia () to Peru () (2023)

Latest Data

Trade between Peru () and Somalia ()

Peru Exports

Date

Mar 2014

Jun 2013

Jun 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Peru than Somalia included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Somalia than Peru included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

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

Comparative Advantage Peru - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Somalia had a large net trade with Peru in the exports of Machines ($470), Metals ($22), and Plastics and Rubbers ($7).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Somalia+$2.59kRefined Petroleum

Top Product Potential Somalia Peru+$2.88kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Somalia () (2023)

Exports from Somalia () to Peru () (2023)

Latest Data

Trade between Peru () and Somalia ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Peru - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Somalia () (2023)

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