Somalia (SOM) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Somalia-Colombia Trade: In 2018, Somalia exported $4.05k to Colombia. The main products that Somalia exported to Colombia were N/A. Over the past 5 years the exports of Somalia to Colombia have increased at an annualized rate of 42.8%, from $682 in 2013 to $4.05k in 2018.

In 2018, Somalia did not export any services to Colombia.

Colombia-Somalia Trade: In 2018, Colombia exported $99.9k to Somalia. The main products that Colombia exported to Somalia were Other Sea Vessels ($99.9k). Over the past 5 years the exports of Colombia to Somalia have increased at an annualized rate of 5.88%, from $35.8k in 2013 to $99.9k in 2018.

In 2018, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Somalia exported $4.05k to Colombia. There were not main exports from Somalia to Colombia in 2018. During the last 5 years the exports of Somalia to Colombia have increased at an annualized rate of 42.8%, from $682 in 2013 to $4.05k in 2018.

In 2017, Colombia exported $99.9k to Somalia. The main products exported from Colombia to Somalia were Other Sea Vessels ($99.9k). During the last 5 years the exports of Colombia to Somalia have increased at an annualized rate of 5.88%, from $35.8k in 2022 to $99.9k in 2017.

Exports from Somalia () to Colombia () (2022)

Exports from Colombia () to Somalia () (2022)

Latest Data

Trade between Somalia () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Somalia than Colombia included Oman ($173M), United Arab Emirates ($283M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Colombia than Somalia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Somalia - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Somalia had a large net trade with Colombia in the exports of .

During 2017, Colombia had a large net trade with Somalia in the exports of Transportation ($99.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Colombia+$1.74kCrustaceans

Top Product Potential Colombia Somalia+$2.87kRefined 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 Colombia. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Somalia.

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Colombia () (2022)

Exports from Colombia () to Somalia () (2022)

Latest Data

Trade between Somalia () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Somalia - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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