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2023
Flag → Flag
Exports $1.02MRnk 166 / 211
2023
Flag → Flag
Top Product $670kPackaged Medicaments
2023
Flag → Flag
Exports $24.5MRnk 39 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Portugal-Somalia Trade: In 2023, Portugal exported $1.02M to Somalia. The main products that Portugal exported to Somalia were Packaged Medicaments ($670k), Malt Extract ($187k), and Medical Instruments ($47.8k). Over the past 5 years the exports of Portugal to Somalia have increased at an annualized rate of 27.2%, from $307k in 2018 to $1.02M in 2023.

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

Somalia-Portugal In N/A, Somalia did not export any products to Portugal.

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

Comparison In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €36.9k and imported €0 from Somalia, resulting in a positive trade balance of €36.9k. Between December 2023 and December 2024 the exports of Portugal have decreased by €-30.9k (-45.6%) from €67.8k to €36.9k, while imports remained the same by €0 (N/A%) from €0 to €0.

Trade In December 2024, the top exports of Portugal to Somalia were Pharmaceutical products (€59.8k), Miscellaneous edible preparations (€33k), Optical, photo, & film equipment; medical... (€1.21k), Paper articles (€386), and Misc. manufactures (€105). In December 2024 the top imports of Portugal from Somalia were Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Preparations of cereals, flour, starch or... (€-159k or -100%). In December 2024, the change in Portugal's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-30.9k(-45.6%)
IMPORT GROWTH (December 2023 - December 2024)€0(N/A%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Somalia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.02M to Somalia. The main products exported from Portugal to Somalia were Packaged Medicaments ($670k), Malt Extract ($187k), and Medical Instruments ($47.8k). During the last 5 years the exports of Portugal to Somalia have increased at an annualized rate of 27.2%, from $307k in 2018 to $1.02M in 2023.

Somalia does not register exports to Portugal.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Portugal than Somalia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

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

Comparative Advantage Portugal - Somalia

Flow
Scale

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

During 2023, Portugal had a large net trade with Somalia in the exports of Chemical Products ($684k), Foodstuffs ($207k), and Instruments ($60.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Somalia+$422kPackaged Medicaments
Top Product Potential Somalia Portugal+$2.66kGold

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

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

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