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

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Somalia-Spain Trade: In 2022, Somalia exported $1.66M to Spain. The main products that Somalia exported to Spain were Insect Resins ($1.43M), Other Oily Seeds ($204k), and Dried Vegetables ($9.53k). Over the past 5 years the exports of Somalia to Spain have increased at an annualized rate of 67.4%, from $126k in 2017 to $1.66M in 2022.

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

Spain-Somalia Trade: In 2022, Spain exported $17M to Somalia. The main products that Spain exported to Somalia were Soups and Broths ($9.18M), Potato Flours ($1.7M), and Soybean Oil ($1.28M). Over the past 5 years the exports of Spain to Somalia have increased at an annualized rate of 5.55%, from $13M in 2017 to $17M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $1.66M to Spain. The main products exported from Somalia to Spain were Insect Resins ($1.43M), Other Oily Seeds ($204k), and Dried Vegetables ($9.53k). During the last 5 years the exports of Somalia to Spain have increased at an annualized rate of 67.4%, from $126k in 2017 to $1.66M in 2022.

In 2017, Spain exported $17M to Somalia. The main products exported from Spain to Somalia were Soups and Broths ($9.18M), Potato Flours ($1.7M), and Soybean Oil ($1.28M). During the last 5 years the exports of Spain to Somalia have increased at an annualized rate of 5.55%, from $13M in 2022 to $17M in 2017.

Exports from Somalia () to Spain () (2022)

Exports from Spain () to Somalia () (2022)

Latest Data

Trade between Somalia () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Spain than Somalia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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 2022, Somalia had a large net trade with Spain in the exports of Vegetable Products ($1.65M), Machines ($5.5k), and Foodstuffs ($3.86k).

During 2017, Spain had a large net trade with Somalia in the exports of Foodstuffs ($9.46M), Vegetable Products ($2.28M), and Animal and Vegetable Bi-Products ($2.16M).

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 () (2022)

Exports from Spain () to Somalia () (2022)

Latest Data

Trade between Somalia () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Somalia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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