Romania (ROU) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Romania-Somalia Trade: In 2023, Romania exported $695k to Somalia. The main products that Romania exported to Somalia were Sawn Wood ($559k), Integrated Circuits ($76.6k), and Prefabricated Buildings ($23.2k). Over the past 5 years the exports of Romania to Somalia have decreased at an annualized rate of 31%, from $4.45M in 2018 to $695k in 2023.

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

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

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

Comparison In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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

In 2023, Romania exported $695k to Somalia. The main products exported from Romania to Somalia were Sawn Wood ($559k), Integrated Circuits ($76.6k), and Prefabricated Buildings ($23.2k). During the last 5 years the exports of Romania to Somalia have decreased at an annualized rate of 31%, from $4.45M in 2018 to $695k in 2023.

Somalia does not register exports to Romania. The main products exported from Somalia to Romania were Essential Oils ($2.68k) and Insect Resins ($1.05k).

Exports from Romania () to Somalia () (2023)

Exports from Somalia () to Romania () (2023)

Latest Data

Trade between Romania () and Somalia ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Romania than Somalia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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

Comparative Advantage Romania - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Somalia in the exports of Wood Products ($559k), Machines ($76.6k), and Miscellaneous ($23.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Somalia+$51.1kBlank Audio Media

Top Product Potential Somalia Romania+$2.79kGold

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Somalia () (2023)

Exports from Somalia () to Romania () (2023)

Latest Data

Trade between Romania () and Somalia ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Romania - Somalia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring