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Pricing

2022
Flag → Flag
Exports $729kRnk 173 / 208
2022
Flag → Flag
Top Product $385kMalt Extract
2022
Flag → Flag
Exports $17.3kRnk 96 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Portugal-Somalia Trade: In 2022, Portugal exported $729k to Somalia. The main products that Portugal exported to Somalia were Malt Extract ($385k), Packaged Medicaments ($290k), and Other Edible Preparations ($32.1k). Over the past 5 years the exports of Portugal to Somalia have increased at an annualized rate of 5.14%, from $568k in 2017 to $729k in 2022.

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

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

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

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 48 in total exports ($81.7B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €10.9k and imported €0 from Somalia, resulting in a positive trade balance of €10.9k. Between August 2023 and August 2024 the exports of Portugal have increased by €9.68k (796%) from €1.22k to €10.9k, while imports remained the same by €0 (N/A%) from €0 to €0.

Trade In August 2024, the top exports of Portugal to Somalia were Preparations of cereals, flour, starch or... (€159k), Pharmaceutical products (€1.25k), Optical, photo, & film equipment; medical... (€139), Live animals (€0), and Meat & edible offal (€0). In August 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 August 2024, the increase in Portugal's year-by-year exports to Somalia was explained primarily by an increase in product exports in . In August 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 (August 2023 - August 2024)€9.68k(796%)
IMPORT GROWTH (August 2023 - August 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 2022, Portugal exported $729k to Somalia. The main products exported from Portugal to Somalia were Malt Extract ($385k), Packaged Medicaments ($290k), and Other Edible Preparations ($32.1k). During the last 5 years the exports of Portugal to Somalia have increased at an annualized rate of 5.14%, from $568k in 2017 to $729k in 2022.

Somalia does not register exports to Portugal.

Exports from Portugal (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Somalia
Top DestinationUnited Arab Emirates$283M

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 2022, countries that imported more from Portugal than Somalia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Difference in imports from Somalia (Flag) and Portugal (Flag) (2022)

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 2022, Portugal had a large net trade with Somalia in the exports of Foodstuffs ($417k), Chemical Products ($296k), and Instruments ($11.4k).

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) (2022)

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