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Pricing

2022
Flag → Flag
Exports $16.6kRnk 60 / 95
2022
Flag → Flag
Top Product $12.8kOther Pure Vegetable Oils
2022
Flag → Flag
Exports $2.8MRnk 157 / 217
2022
Flag → Flag
Top Product $1.4MSpecial purpose motor vehicles
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Somalia-Austria Trade: In 2022, Somalia exported $16.6k to Austria. The main products that Somalia exported to Austria were Other Pure Vegetable Oils ($12.8k), Essential Oils ($3.46k), and Ceramic Tableware ($366). Over the past 5 years the exports of Somalia to Austria have decreased at an annualized rate of 27.2%, from $81.1k in 2017 to $16.6k in 2022.

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

Austria-Somalia Trade: In 2022, Austria exported $2.8M to Somalia. The main products that Austria exported to Somalia were Special purpose motor vehicles ($1.4M), Sawn Wood ($710k), and Chemical Analysis Instruments ($80.7k). Over the past 5 years the exports of Austria to Somalia have increased at an annualized rate of 25.9%,  from $884k in 2017 to $2.8M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $16.6k to Austria. The main products exported from Somalia to Austria were Other Pure Vegetable Oils ($12.8k), Essential Oils ($3.46k), and Ceramic Tableware ($366). During the last 5 years the exports of Somalia to Austria have decreased at an annualized rate of 27.2%, from $81.1k in 2017 to $16.6k in 2022.

In 2017, Austria exported $2.8M to Somalia. The main products exported from Austria to Somalia were Special purpose motor vehicles ($1.4M), Sawn Wood ($710k), and Chemical Analysis Instruments ($80.7k). During the last 5 years the exports of Austria to Somalia have increased at an annualized rate of 25.9%, from $884k in 2022 to $2.8M in 2017.

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

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

Latest Data

Trade between Somalia (Flag) and Austria (Flag)

Austria Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Austria
Top DestinationGermany$57.7B

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

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

In 2022, countries that imported more from Austria than Somalia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Somalia - Austria

Flow
Scale

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

During 2022, Somalia had a large net trade with Austria in the exports of Animal and Vegetable Bi-Products ($12.8k), Chemical Products ($3.47k), and Stone And Glass ($366).

During 2017, Austria had a large net trade with Somalia in the exports of Transportation ($1.4M), Wood Products ($713k), and Machines ($259k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Austria+$17.8kOther Pure Vegetable Oils
Top Product Potential Austria Somalia+$527kSawn Wood

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

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

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