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Pricing

2021
Flag → Flag
Exports $213Rnk 124 / 0
2021
Flag → Flag
Exports $575kRnk 52 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 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$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Somalia-Azerbaijan Trade: In 2021, Somalia exported $213 to Azerbaijan. The main products that Somalia exported to Azerbaijan were N/A. Over the past 19 years the exports of Somalia to Azerbaijan have decreased at an annualized rate of 11.9%, from $2.37k in 2002 to $213 in 2021.

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

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

In 2021, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Somalia exported $213 to Azerbaijan. There were not main exports from Somalia to Azerbaijan in 2021. During the last 19 years the exports of Somalia to Azerbaijan have decreased at an annualized rate of 11.9%, from $2.37k in 2002 to $213 in 2021.

Azerbaijan does not register exports to Somalia.

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

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

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Somalia than Azerbaijan included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

In 2022, countries that imported more from Azerbaijan than Somalia included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Somalia - Azerbaijan

Flow
Scale

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

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Azerbaijan+$1.96kGold
Top Product Potential Azerbaijan Somalia+$3.06kPetroleum Gas

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

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

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