2022
Flag  
GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Somalia-Canada Trade: In 2022, Somalia exported $317k to Canada. The main products that Somalia exported to Canada were Essential Oils ($173k), Processed Crustaceans ($55.6k), and Ball Bearings ($25.1k). Over the past 5 years the exports of Somalia to Canada have increased at an annualized rate of 5.78%, from $240k in 2017 to $317k in 2022.

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

Canada-Somalia Trade: In 2022, Canada exported $2.04M to Somalia. The main products that Canada exported to Somalia were Fork-Lifts ($371k), Machinery Having Individual Functions ($330k), and Other Edible Preparations ($250k). Over the past 5 years the exports of Canada to Somalia have decreased at an annualized rate of 15.6%,  from $4.76M in 2017 to $2.04M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $317k to Canada. The main products exported from Somalia to Canada were Essential Oils ($173k), Processed Crustaceans ($55.6k), and Ball Bearings ($25.1k). During the last 5 years the exports of Somalia to Canada have increased at an annualized rate of 5.78%, from $240k in 2017 to $317k in 2022.

In 2017, Canada exported $2.04M to Somalia. The main products exported from Canada to Somalia were Fork-Lifts ($371k), Machinery Having Individual Functions ($330k), and Other Edible Preparations ($250k). During the last 5 years the exports of Canada to Somalia have decreased at an annualized rate of 15.6%, from $4.76M in 2022 to $2.04M in 2017.

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

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

Latest Data

Trade between Somalia (Flag) and Canada (Flag)

Canada Exports

Market Competitiveness

Color
Somalia
Top Destination
United Arab Emirates$283M
Canada
Top Destination
United States$438B

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

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

In 2022, countries that imported more from Canada than Somalia included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Somalia - Canada

Flow
Scale

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

During 2022, Somalia had a large net trade with Canada in the exports of Chemical Products ($181k), Foodstuffs ($58k), and Machines ($44.3k).

During 2017, Canada had a large net trade with Somalia in the exports of Machines ($978k), Transportation ($341k), and Foodstuffs ($250k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Canada+$82.8kEssential Oils
Top Product Potential Canada Somalia+$726kCars

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

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

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