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Pricing

2023
Flag → Flag
Exports $2.34MRnk 15 / 92
2023
Flag → Flag
Top Product $994kDried/Salted/Smoked/Brined Fish
2023
Flag → Flag
Exports $2.38MRnk 163 / 198
2023
Flag → Flag
Top Product $671kBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Somalia-Hong Kong Trade: In 2023, Somalia exported $2.34M to Hong Kong. The main products that Somalia exported to Hong Kong were Dried/Salted/Smoked/Brined Fish ($994k), Crustaceans ($736k), and Processed Crustaceans ($502k). Over the past 5 years the exports of Somalia to Hong Kong have increased at an annualized rate of 33.2%, from $557k in 2018 to $2.34M in 2023.

In 2023, Somalia did not export any services to Hong Kong.

Hong Kong-Somalia Trade: In 2023, Hong Kong exported $2.38M to Somalia. The main products that Hong Kong exported to Somalia were Broadcasting Equipment ($671k), Medical Instruments ($485k), and Other Plastic Products ($393k). Over the past 5 years the exports of Hong Kong to Somalia have decreased at an annualized rate of 14.2%,  from $5.12M in 2018 to $2.38M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Somalia exported $2.34M to Hong Kong. The main products exported from Somalia to Hong Kong were Dried/Salted/Smoked/Brined Fish ($994k), Crustaceans ($736k), and Processed Crustaceans ($502k). During the last 5 years the exports of Somalia to Hong Kong have increased at an annualized rate of 33.2%, from $557k in 2018 to $2.34M in 2023.

In 2018, Hong Kong exported $2.38M to Somalia. The main products exported from Hong Kong to Somalia were Broadcasting Equipment ($671k), Medical Instruments ($485k), and Other Plastic Products ($393k). During the last 5 years the exports of Hong Kong to Somalia have decreased at an annualized rate of 14.2%, from $5.12M in 2023 to $2.38M in 2018.

Exports from Somalia (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Somalia (Flag) (2023)

Latest Data

Trade between Somalia (Flag) and Hong Kong (Flag)

Hong Kong Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Somalia than Hong Kong included Oman ($180M) and Djibouti ($84.2M).

In 2023, countries that imported more from Hong Kong than Somalia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - Hong Kong

Flow
Scale

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

During 2023, Somalia had a large net trade with Hong Kong in the exports of Animal Products ($1.83M) and Foodstuffs ($502k).

During 2018, Hong Kong had a large net trade with Somalia in the exports of Machines ($1.05M), Instruments ($920k), and Plastics and Rubbers ($393k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Hong Kong+$527kCrustaceans
Top Product Potential Hong Kong Somalia+$2.2MTelephones

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

Product Space of Somalia (Flag) and Hong Kong (Flag) (2023)

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