Somalia (SOM) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Somalia-Switzerland Trade: In 2022, Somalia exported $47.6k to Switzerland. The main products that Somalia exported to Switzerland were Broadcasting Equipment ($14.6k), Insect Resins ($12.9k), and Other Oily Seeds ($6.45k). Over the past 5 years the exports of Somalia to Switzerland have increased at an annualized rate of 6.41%, from $34.9k in 2017 to $47.6k in 2022.

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

Switzerland-Somalia Trade: In 2022, Switzerland exported $1.32M to Somalia. The main products that Switzerland exported to Somalia were Packaged Medicaments ($840k), Hydrometers ($156k), and Special purpose motor vehicles ($104k). Over the past 5 years the exports of Switzerland to Somalia have increased at an annualized rate of 32.7%, from $242k in 2017 to $1.32M in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $47.6k to Switzerland. The main products exported from Somalia to Switzerland were Broadcasting Equipment ($14.6k), Insect Resins ($12.9k), and Other Oily Seeds ($6.45k). During the last 5 years the exports of Somalia to Switzerland have increased at an annualized rate of 6.41%, from $34.9k in 2017 to $47.6k in 2022.

In 2017, Switzerland exported $1.32M to Somalia. The main products exported from Switzerland to Somalia were Packaged Medicaments ($840k), Hydrometers ($156k), and Special purpose motor vehicles ($104k). During the last 5 years the exports of Switzerland to Somalia have increased at an annualized rate of 32.7%, from $242k in 2022 to $1.32M in 2017.

Exports from Somalia () to Switzerland () (2022)

Exports from Switzerland () to Somalia () (2022)

Latest Data

Trade between Somalia () and Switzerland ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, no countries were registered that imported more from Somalia than from Switzerland.

In 2022, countries that imported more from Switzerland than Somalia included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

Difference in imports from Switzerland () and Somalia () (2022)

Comparative Advantage Somalia - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Switzerland in the exports of Vegetable Products ($23.3k), Machines ($15.5k), and Chemical Products ($6.88k).

During 2017, Switzerland had a large net trade with Somalia in the exports of Chemical Products ($899k), Instruments ($173k), and Transportation ($167k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Switzerland+$34kInsect Resins

Top Product Potential Switzerland Somalia+$1.59MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Switzerland () (2022)

Exports from Switzerland () to Somalia () (2022)

Latest Data

Trade between Somalia () and Switzerland ()

Switzerland Exports

Market Competitiveness

Difference in imports from Switzerland () and Somalia () (2022)

Comparative Advantage Somalia - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Switzerland () (2022)

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