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Pricing

2021
Flag → Flag
Exports $14.6MRnk 4 / 0
2021
Flag → Flag
Exports $108kRnk 1 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Russia-Somalia Trade: In 2021, Russia exported $14.6M to Somalia. The main products that Russia exported to Somalia were N/A. Over the past 5 years the exports of Russia to Somalia have increased at an annualized rate of 83.2%, from $709k in 2016 to $14.6M in 2021.

In 2020, Russia exported services to Somalia worth $9.82M, with Transportation ($9.82M), Financial services ($3k), and Other business services ($3k) being the largest in terms of value.

Somalia-Russia Trade: In 2021, Somalia exported $108k to Russia. The main products that Somalia exported to Russia were N/A. Over the past 5 years the exports of Somalia to Russia have increased at an annualized rate of 15.2%,  from $53.2k in 2016 to $108k in 2021.

In 2021, Somalia did not export any services to Russia.

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43),  and 12 in total exports ($486B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Russia exported $N/A and imported $N/A from Somalia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Russia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Russia to Somalia were Delivery Trucks ($2.23M), Packaged Medicaments ($18.1k), Refined Petroleum ($17k), and Other Edible Preparations ($6.46k). In N/A the top imports of Russia from Somalia were .

Origins In N/A the exports of Russia were mainly from KHANTY-MANSIYSK AUTONOMOUS AREA ($357k), TYUMEN REGION ($46.2k), LIPETSK REGION ($36.7k), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($7.5k), while imports destinations were mainly TYUMEN REGION ($19k).

Growth In N/A, the N/A in Russia's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In N/A, the N/A in Russia's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)KHANTY-MANSIYSK AUTONOMOUS AREA$357k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $14.6M to Somalia. There were not main exports from Russia to Somalia in 2021. During the last 5 years the exports of Russia to Somalia have increased at an annualized rate of 83.2%, from $709k in 2016 to $14.6M in 2021.

In 2016, Somalia exported $108k to Russia. There were not main exports from Somalia to Russia in 2016. During the last 5 years the exports of Somalia to Russia have increased at an annualized rate of 15.2%, from $53.2k in 2021 to $108k in 2016.

Exports from Russia (Flag) to Somalia (Flag) (2021)

Exports from Somalia (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top DestinationN/AN/A
Somalia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage Russia - Somalia

Flow
Scale

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

During 2021, Russia had a large net trade with Somalia in the exports of .

During 2016, Somalia had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Somalia+$4.83kRefined Petroleum
Top Product Potential Somalia Russia+$3.35kGold

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

Product Space of Russia (Flag) and Somalia (Flag) (2021)

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