Somalia (SOM) and India (IND) Trade | The Observatory of Economic Complexity

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Somalia-India Trade: In 2023, Somalia exported $30.9M to India. The main products that Somalia exported to India were Scrap Iron ($12.1M), Other Oily Seeds ($10.2M), and Industrial Fatty Acids, Oils and Alcohols ($3.54M). Over the past 5 years the exports of Somalia to India have increased at an annualized rate of 21.2%, from $11.8M in 2018 to $30.9M in 2023.

In 2023, Somalia did not export any services to India.

India-Somalia Trade: In 2023, India exported $780M to Somalia. The main products that India exported to Somalia were Raw Sugar ($222M), Rice ($180M), and Cars ($74.2M). Over the past 5 years the exports of India to Somalia have increased at an annualized rate of 12.5%, from $432M in 2018 to $780M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $30.9M to India. The main products exported from Somalia to India were Scrap Iron ($12.1M), Other Oily Seeds ($10.2M), and Industrial Fatty Acids, Oils and Alcohols ($3.54M). During the last 5 years the exports of Somalia to India have increased at an annualized rate of 21.2%, from $11.8M in 2018 to $30.9M in 2023.

In 2018, India exported $780M to Somalia. The main products exported from India to Somalia were Raw Sugar ($222M), Rice ($180M), and Cars ($74.2M). During the last 5 years the exports of India to Somalia have increased at an annualized rate of 12.5%, from $432M in 2023 to $780M in 2018.

Exports from Somalia () to India () (2023)

Exports from India () to Somalia () (2023)

Latest Data

Trade between Somalia () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Somalia than India included Macau ($19.9M).

In 2023, countries that imported more from India than Somalia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India () and Somalia () (2023)

Comparative Advantage Somalia - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with India in the exports of Metals ($15.6M), Vegetable Products ($10.7M), and Chemical Products ($3.54M).

During 2018, India had a large net trade with Somalia in the exports of Foodstuffs ($257M), Vegetable Products ($189M), and Transportation ($98.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia India+$6.56MScrap Iron

Top Product Potential India Somalia+$9.96MPackaged Medicaments

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to India () (2023)

Exports from India () to Somalia () (2023)

Latest Data

Trade between Somalia () and India ()

India Exports

Market Competitiveness

Difference in imports from India () and Somalia () (2023)

Comparative Advantage Somalia - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and India () (2023)

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