Somalia (SOM) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Somalia-Denmark Trade: In 2023, Somalia exported $2.59k to Denmark. The main products that Somalia exported to Denmark were Plastic Lids ($2.13k), Perfumes ($186), and Essential Oils ($108). Over the past 6 years the exports of Somalia to Denmark have increased at an annualized rate of 2.62%, from $2.22k in 2017 to $2.59k in 2023.

In 2023, Somalia did not export any services to Denmark.

Denmark-Somalia Trade: In 2023, Denmark exported $8.02M to Somalia. The main products that Denmark exported to Somalia were Computers ($2.92M), Industrial Printers ($2.11M), and Broadcasting Equipment ($615k). Over the past 6 years the exports of Denmark to Somalia have increased at an annualized rate of 7.84%, from $5.5M in 2017 to $8.02M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $2.59k to Denmark. The main products exported from Somalia to Denmark were Plastic Lids ($2.13k), Perfumes ($186), and Essential Oils ($108). During the last 6 years the exports of Somalia to Denmark have increased at an annualized rate of 2.62%, from $2.22k in 2017 to $2.59k in 2023.

In 2018, Denmark exported $8.02M to Somalia. The main products exported from Denmark to Somalia were Computers ($2.92M), Industrial Printers ($2.11M), and Broadcasting Equipment ($615k). During the last 5 years the exports of Denmark to Somalia have increased at an annualized rate of 7.84%, from $5.5M in 2023 to $8.02M in 2018.

Exports from Somalia () to Denmark () (2023)

Exports from Denmark () to Somalia () (2023)

Latest Data

Trade between Somalia () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Somalia than Denmark included Djibouti ($84.2M) and Oman ($180M).

In 2023, countries that imported more from Denmark than Somalia included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

Comparative Advantage Somalia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Denmark in the exports of Plastics and Rubbers ($2.13k), Chemical Products ($310), and Instruments ($86).

During 2018, Denmark had a large net trade with Somalia in the exports of Machines ($7.05M), Instruments ($417k), and Weapons ($113k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Denmark+$6.33kEssential Oils

Top Product Potential Denmark Somalia+$532kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Denmark () (2023)

Exports from Denmark () to Somalia () (2023)

Latest Data

Trade between Somalia () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Somalia - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Denmark () (2023)

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