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2016
Flag → Flag
Exports $437Rnk 62 / 0
2016
Flag → Flag
Exports $6.39MRnk 119 / 0
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 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$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Somalia-Guinea Trade: In 2016, Somalia exported $437 to Guinea. The main products that Somalia exported to Guinea were N/A. Over the past 16 years the exports of Somalia to Guinea have decreased at an annualized rate of 20%, from $15.6k in 2000 to $437 in 2016.

In 2016, Somalia did not export any services to Guinea.

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

In 2016, Guinea 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, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2016, Somalia exported $437 to Guinea. There were not main exports from Somalia to Guinea in 2016. During the last 16 years the exports of Somalia to Guinea have decreased at an annualized rate of 20%, from $15.6k in 2000 to $437 in 2016.

Guinea does not register exports to Somalia.

Exports from Somalia (Flag) to Guinea (Flag) (2016)

Exports from Guinea (Flag) to Somalia (Flag) (2016)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Somalia than Guinea included Oman ($173M), Bulgaria ($18.5M), and Kuwait ($13.5M).

In 2022, countries that imported more from Guinea than Somalia included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

Difference in imports from Guinea (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Guinea

Flow
Scale

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

During 2016, Somalia had a large net trade with Guinea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Guinea+$1.22kGold
Top Product Potential Guinea Somalia+$1.14kPalm Oil

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

Product Space of Somalia (Flag) and Guinea (Flag) (2016)

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