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Pricing

2022
Flag → Flag
Exports $1.04MRnk 23 / 95
2022
Flag → Flag
Top Product $545kFish: dried, salted, smoked or in brine
2022
Flag → Flag
Exports $2.39MRnk 167 / 198
2022
Flag → Flag
Top Product $1.2MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 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$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Somalia-Hong Kong Trade: In 2022, Somalia exported $1.04M 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 decreased at an annualized rate of 2.25%, from $1.16M in 2017 to $1.04M in 2022.

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

Hong Kong-Somalia Trade: In 2022, Hong Kong exported $2.39M 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 5.46%,  from $1.83M in 2017 to $2.39M 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 $1.04M 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 decreased at an annualized rate of 2.25%, from $1.16M in 2017 to $1.04M in 2022.

In 2017, Hong Kong exported $2.39M 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 5 years the exports of Hong Kong to Somalia have increased at an annualized rate of 5.46%, from $1.83M in 2022 to $2.39M 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 DestinationUnited Arab Emirates$283M
Hong Kong
Top DestinationChina$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).

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) (2022)

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