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Pricing

2022
Flag → Flag
Exports $123kRnk 165 / 196
2022
Flag → Flag
Top Product $123kIntegrated Circuits
2022
Flag → Flag
Exports $16.3kRnk 84 / 0
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Romania-Somalia Trade: In 2022, Romania exported $123k to Somalia. The main products that Romania exported to Somalia were Integrated Circuits ($123k). Over the past 5 years the exports of Romania to Somalia have decreased at an annualized rate of 52.3%, from $4.97M in 2017 to $123k in 2022.

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

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

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

Comparison In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03),  and 43 in total exports ($99.5B). 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
Value

In 2022, Romania exported $123k to Somalia. The main products exported from Romania to Somalia were Integrated Circuits ($123k). During the last 5 years the exports of Romania to Somalia have decreased at an annualized rate of 52.3%, from $4.97M in 2017 to $123k in 2022.

Somalia does not register exports to Romania.

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

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

Latest Data

Trade between Romania (Flag) and Somalia (Flag)

Romania Exports

Market Competitiveness

Color
Romania
Top DestinationGermany$18.8B
Somalia
Top DestinationUnited Arab Emirates$283M

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 2022, countries that imported more from Romania than Somalia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Somalia than Romania included Oman ($173M).

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

Comparative Advantage Romania - Somalia

Flow
Scale

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

During 2022, Romania had a large net trade with Somalia in the exports of Machines ($123k).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

Product Space of Romania (Flag) and Somalia (Flag) (2022)

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