Somalia (SOM) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Somalia-Spain Trade: In 2023, Somalia exported $140k to Spain. The main products that Somalia exported to Spain were Insect Resins ($129k), Essential Oils ($10.2k), and Shaving Products ($313). Over the past 5 years the exports of Somalia to Spain have decreased at an annualized rate of 35.1%, from $1.21M in 2018 to $140k in 2023.

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

Spain-Somalia Trade: In 2023, Spain exported $16.7M to Somalia. The main products that Spain exported to Somalia were Soups and Broths ($8.81M), Other Edible Preparations ($1.66M), and Used Clothing ($1.25M). Over the past 5 years the exports of Spain to Somalia have increased at an annualized rate of 9.54%, from $10.6M in 2018 to $16.7M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $140k to Spain. The main products exported from Somalia to Spain were Insect Resins ($129k), Essential Oils ($10.2k), and Shaving Products ($313). During the last 5 years the exports of Somalia to Spain have decreased at an annualized rate of 35.1%, from $1.21M in 2018 to $140k in 2023.

In 2018, Spain exported $16.7M to Somalia. The main products exported from Spain to Somalia were Soups and Broths ($8.81M), Other Edible Preparations ($1.66M), and Used Clothing ($1.25M). During the last 5 years the exports of Spain to Somalia have increased at an annualized rate of 9.54%, from $10.6M in 2023 to $16.7M in 2018.

Exports from Somalia () to Spain () (2023)

Exports from Spain () to Somalia () (2023)

Latest Data

Trade between Somalia () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Somalia than Spain included Djibouti ($84.2M).

In 2023, countries that imported more from Spain than Somalia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Somalia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Spain in the exports of Vegetable Products ($129k), Chemical Products ($10.5k), and Stone And Glass ($281).

During 2018, Spain had a large net trade with Somalia in the exports of Foodstuffs ($10.6M), Animal and Vegetable Bi-Products ($1.83M), and Animal Products ($1.35M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Spain+$282kOther Oily Seeds

Top Product Potential Spain Somalia+$823kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Spain () (2023)

Exports from Spain () to Somalia () (2023)

Latest Data

Trade between Somalia () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Somalia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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