2022
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GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH
0%CURRENT US$
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2022
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 GDP
$360BCURRENT US$
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2012-2022
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GDP GROWTH
37%CURRENT US$
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2022
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GDP PC 
$462CURRENT US$
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2012-2022
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GDP PC GROWTH
0%CURRENT US$
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2022
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GDP PC
$48,984CURRENT US$
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2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
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About

Somalia-Hong Kong Trade: In 2022, Somalia exported $1.16M to Hong Kong. The main products that Somalia exported to Hong Kong were Fish: dried, salted, smoked or in brine ($545k), Crustaceans ($273k), and Processed Crustaceans ($111k). Over the past 5 years the exports of Somalia to Hong Kong have increased at an annualized rate of 56.1%, from $125k in 2017 to $1.16M in 2022.

In 2022, Somalia did not export any services to Hong Kong.

Hong Kong-Somalia Trade: In 2022, Hong Kong exported $1.83M to Somalia. The main products that Hong Kong exported to Somalia were Broadcasting Equipment ($1.2M), Medical Instruments ($576k), and Chemical Analysis Instruments ($255k). Over the past 5 years the exports of Hong Kong to Somalia have increased at an annualized rate of 54.1%,  from $210k in 2017 to $1.83M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $1.16M to Hong Kong. The main products exported from Somalia to Hong Kong were Fish: dried, salted, smoked or in brine ($545k), Crustaceans ($273k), and Processed Crustaceans ($111k). During the last 5 years the exports of Somalia to Hong Kong have increased at an annualized rate of 56.1%, from $125k in 2017 to $1.16M in 2022.

In 2017, Hong Kong exported $1.83M to Somalia. The main products exported from Hong Kong to Somalia were Broadcasting Equipment ($1.2M), Medical Instruments ($576k), and Chemical Analysis Instruments ($255k). During the last 21 years the exports of Hong Kong to Somalia have increased at an annualized rate of 54.1%, from $210k in 1996 to $1.83M in 2017.

Exports from Somalia (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Somalia (Flag) (2022)

Latest Data

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

Hong Kong Exports

Market Competitiveness

Color
Somalia
Top Destination
United Arab Emirates$283M
Hong Kong
Top Destination
China$23.4B

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 2022, countries that imported more from Somalia than Hong Kong included Oman ($173M).

In 2022, countries that imported more from Hong Kong than Somalia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Somalia (Flag) (2022)

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 2022, Somalia had a large net trade with Hong Kong in the exports of Animal Products ($894k), Foodstuffs ($111k), and Animal Hides ($31.9k).

During 2017, Hong Kong had a large net trade with Somalia in the exports of Machines ($1.22M), Instruments ($874k), and Plastics and Rubbers ($231k).

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) (2022)

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