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Pricing

2022
Flag → Flag
Exports $939kRnk 26 / 95
2022
Flag → Flag
Top Product $588kInsect Resins
2022
Flag → Flag
Exports $17.9MRnk 167 / 224
2022
Flag → Flag
Top Product $2.65MOther Edible Preparations
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Somalia-United Kingdom Trade: In 2022, Somalia exported $939k to United Kingdom. The main products that Somalia exported to United Kingdom were Insect Resins ($588k), Other Oily Seeds ($160k), and Dried Legumes ($46.2k). Over the past 5 years the exports of Somalia to United Kingdom have increased at an annualized rate of 26.2%, from $294k in 2017 to $939k in 2022.

In 2022, Somalia did not export any services to United Kingdom.

United Kingdom-Somalia Trade: In 2022, United Kingdom exported $17.9M to Somalia. The main products that United Kingdom exported to Somalia were Other Edible Preparations ($2.65M), Broadcasting Equipment ($2.02M), and X-Ray Equipment ($1.47M). Over the past 5 years the exports of United Kingdom to Somalia have increased at an annualized rate of 3.43%,  from $15.1M in 2017 to $17.9M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $939k to United Kingdom. The main products exported from Somalia to United Kingdom were Insect Resins ($588k), Other Oily Seeds ($160k), and Dried Legumes ($46.2k). During the last 5 years the exports of Somalia to United Kingdom have increased at an annualized rate of 26.2%, from $294k in 2017 to $939k in 2022.

In 2017, United Kingdom exported $17.9M to Somalia. The main products exported from United Kingdom to Somalia were Other Edible Preparations ($2.65M), Broadcasting Equipment ($2.02M), and X-Ray Equipment ($1.47M). During the last 5 years the exports of United Kingdom to Somalia have increased at an annualized rate of 3.43%, from $15.1M in 2022 to $17.9M in 2017.

Exports from Somalia (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Somalia (Flag) (2022)

Latest Data

Trade between Somalia (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Somalia
Top DestinationN/AN/A
United Kingdom
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from United Kingdom (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - United Kingdom

Flow
Scale

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

During 2022, Somalia had a large net trade with United Kingdom in the exports of Vegetable Products ($796k), Textiles ($56.8k), and Animal and Vegetable Bi-Products ($41.6k).

During 2017, United Kingdom had a large net trade with Somalia in the exports of Machines ($5.37M), Foodstuffs ($4.43M), and Instruments ($1.72M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia United Kingdom+$353kInsect Resins
Top Product Potential United Kingdom Somalia+$1.66MCars

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

This visualization shows the product space at the HS4 level with the flags of Somalia and United Kingdom. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Somalia.

Product Space of Somalia (Flag) and United Kingdom (Flag) (2022)

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