Somalia (SOM) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Somalia-Armenia Trade: In 2022, Somalia exported $12.6k to Armenia. The main products that Somalia exported to Armenia were Shaving Products ($11.6k), Precious Stones ($767), and Citrus ($243). Over the past 5 years the exports of Somalia to Armenia have increased at an annualized rate of 221%, from $37 in 2017 to $12.6k in 2022.

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

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

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

Comparison In 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $12.6k to Armenia. The main products exported from Somalia to Armenia were Shaving Products ($11.6k), Precious Stones ($767), and Citrus ($243). During the last 5 years the exports of Somalia to Armenia have increased at an annualized rate of 221%, from $37 in 2017 to $12.6k in 2022.

Armenia does not register exports to Somalia.

Exports from Somalia () to Armenia () (2022)

Exports from Armenia () to Somalia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Somalia than Armenia included Oman ($173M), Bahrain ($9M), and Kuwait ($13.5M).

In 2022, countries that imported more from Armenia than Somalia included Russia ($2.36B), China ($420M), and Georgia ($260M).

Difference in imports from Armenia () and Somalia () (2022)

Comparative Advantage Somalia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Armenia in the exports of Chemical Products ($11.6k), Precious Metals ($767), and Vegetable Products ($243).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Armenia+$2.76kGold

Top Product Potential Armenia Somalia+$2.44kRolled Tobacco

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Armenia () (2022)

Exports from Armenia () to Somalia () (2022)

Market Competitiveness

Difference in imports from Armenia () and Somalia () (2022)

Comparative Advantage Somalia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Armenia () (2022)

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