Saudi Arabia (SAU) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Somalia Trade: In 2021, Saudi Arabia exported $45M to Somalia. The main products that Saudi Arabia exported to Somalia were N/A. Over the past 5 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 3.64%, from $37.6M in 2016 to $45M in 2021.

In 2021, Saudi Arabia did not export any services to Somalia.

Somalia-Saudi Arabia Trade: In 2021, Somalia exported $45.3M to Saudi Arabia. The main products that Somalia exported to Saudi Arabia were N/A. Over the past 5 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 31.7%, from $306M in 2016 to $45.3M in 2021.

In 2021, Somalia did not export any services to Saudi Arabia.

Comparison In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Saudi Arabia exported $45M to Somalia. There were not main exports from Saudi Arabia to Somalia in 2021. During the last 5 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 3.64%, from $37.6M in 2016 to $45M in 2021.

In 2016, Somalia exported $45.3M to Saudi Arabia. There were not main exports from Somalia to Saudi Arabia in 2016. During the last 5 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 31.7%, from $306M in 2021 to $45.3M in 2016.

Exports from Saudi Arabia () to Somalia () (2021)

Exports from Somalia () to Saudi Arabia () (2021)

Latest Data

Trade between Saudi Arabia () and Somalia ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$68B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Saudi Arabia than Somalia included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Somalia than Saudi Arabia included Israel ($13k) and Bermuda ($202).

Difference in imports from Somalia () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Somalia+$4.69kRefined Petroleum

Top Product Potential Somalia Saudi Arabia+$6.45kGold

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Somalia () (2021)

Exports from Somalia () to Saudi Arabia () (2021)

Latest Data

Trade between Saudi Arabia () and Somalia ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Somalia () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Somalia () (2021)

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