Somalia (SOM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Somalia-Ecuador Trade: In 2022, Somalia exported $29.2k to Ecuador. The main products that Somalia exported to Ecuador were Electrical Transformers ($4.94k), Metalworking Machine Parts ($4.82k), and Thermostats ($2.66k). Over the past 8 years the exports of Somalia to Ecuador have increased at an annualized rate of 110%, from $76 in 2014 to $29.2k in 2022.

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

Ecuador-Somalia In false, Ecuador did not export any products to Somalia.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $29.2k to Ecuador. The main products exported from Somalia to Ecuador were Electrical Transformers ($4.94k), Metalworking Machine Parts ($4.82k), and Thermostats ($2.66k). During the last 8 years the exports of Somalia to Ecuador have increased at an annualized rate of 110%, from $76 in 2014 to $29.2k in 2022.

Ecuador does not register exports to Somalia.

Exports from Somalia () to Ecuador () (2022)

Exports from Ecuador () to Somalia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Somalia than Ecuador included Oman ($173M), Bahrain ($9M), and Pakistan ($1.69M).

In 2022, countries that imported more from Ecuador than Somalia included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Somalia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Ecuador in the exports of Machines ($17.5k), Instruments ($6.64k), and Transportation ($1.99k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Ecuador+$1.42kScrap Iron

Top Product Potential Ecuador Somalia+$2.32kRefined 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 Ecuador. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Somalia.

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Ecuador () (2022)

Exports from Ecuador () to Somalia () (2022)

Market Competitiveness

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

Comparative Advantage Somalia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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