Somalia (SOM) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Somalia-Ireland Trade: In 2022, Somalia exported $105k to Ireland. The main products that Somalia exported to Ireland were Other Oily Seeds ($40.1k), Essential Oils ($38.3k), and Electric Motors ($10.5k). Over the past 5 years the exports of Somalia to Ireland have increased at an annualized rate of 99%, from $3.38k in 2017 to $105k in 2022.

In 2022, Somalia did not export any services to Ireland.

Ireland-Somalia Trade: In 2022, Ireland exported $516k to Somalia. The main products that Ireland exported to Somalia were Malt Extract ($297k), Pesticides ($110k), and Excavation Machinery ($61.8k). Over the past 5 years the exports of Ireland to Somalia have decreased at an annualized rate of 31.5%, from $3.42M in 2017 to $516k in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $105k to Ireland. The main products exported from Somalia to Ireland were Other Oily Seeds ($40.1k), Essential Oils ($38.3k), and Electric Motors ($10.5k). During the last 5 years the exports of Somalia to Ireland have increased at an annualized rate of 99%, from $3.38k in 2017 to $105k in 2022.

In 2017, Ireland exported $516k to Somalia. The main products exported from Ireland to Somalia were Malt Extract ($297k), Pesticides ($110k), and Excavation Machinery ($61.8k). During the last 5 years the exports of Ireland to Somalia have decreased at an annualized rate of 31.5%, from $3.42M in 2022 to $516k in 2017.

Exports from Somalia () to Ireland () (2022)

Exports from Ireland () to Somalia () (2022)

Latest Data

Trade between Somalia () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Ireland
Top DestinationUnited States$70.7B

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

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

In 2022, countries that imported more from Ireland than Somalia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

Difference in imports from Ireland () and Somalia () (2022)

Comparative Advantage Somalia - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Ireland in the exports of Vegetable Products ($40.2k), Chemical Products ($38.5k), and Machines ($23.4k).

During 2017, Ireland had a large net trade with Somalia in the exports of Foodstuffs ($297k), Chemical Products ($110k), and Machines ($84.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Ireland+$56.9kEssential Oils

Top Product Potential Ireland Somalia+$240kMalt Extract

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Ireland () (2022)

Exports from Ireland () to Somalia () (2022)

Latest Data

Trade between Somalia () and Ireland ()

Ireland Exports

Market Competitiveness

Difference in imports from Ireland () and Somalia () (2022)

Comparative Advantage Somalia - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Ireland () (2022)

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