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Pricing

2020
Flag → Flag
Exports $1.13kRnk 78 / 0
2020
Flag → Flag
Exports $45MRnk 91 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 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$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Somalia-Benin Trade: In 2020, Somalia exported $1.13k to Benin. The main products that Somalia exported to Benin were N/A. Over the past 13 years the exports of Somalia to Benin have increased at an annualized rate of 47.9%, from $7 in 2007 to $1.13k in 2020.

In 2020, Somalia did not export any services to Benin.

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

In 2020, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Somalia exported $1.13k to Benin. There were not main exports from Somalia to Benin in 2020. During the last 13 years the exports of Somalia to Benin have increased at an annualized rate of 47.9%, from $7 in 2007 to $1.13k in 2020.

Benin does not register exports to Somalia.

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

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

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Somalia than Benin included Oman ($173M), Bulgaria ($18.5M), and Kuwait ($13.5M).

In 2022, countries that imported more from Benin than Somalia included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).

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

Comparative Advantage Somalia - Benin

Flow
Scale

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

During 2020, Somalia had a large net trade with Benin in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Benin+$1.35kGold
Top Product Potential Benin Somalia+$1.47kRefined Petroleum

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

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

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