Somalia (SOM) and Benin (BEN) Trade | The Observatory of Economic Complexity

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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 2023, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Benin () (2021)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Benin
Top DestinationUnited Arab Emirates$803M

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 2023, countries that imported more from Somalia than Benin included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

In 2023, countries that imported more from Benin than Somalia included United Arab Emirates ($803M), Bangladesh ($391M), and India ($216M).

Difference in imports from Benin () and Somalia () (2023)

Comparative Advantage Somalia - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

Difference in imports from Benin () and Somalia () (2023)

Comparative Advantage Somalia - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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