2022
Flag  
GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186

About

In N/A, Somalia did not export any services to Iraq.

Iraq-Somalia In false, Iraq did not export any products to Somalia.

In N/A, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth
Value

Somalia does not register exports to Iraq.

Iraq does not register exports to Somalia.

Exports from Somalia (Flag) to Iraq (Flag) (2014)

Exports from Iraq (Flag) to Somalia (Flag) (2014)

Market Competitiveness

Color
Somalia
Top Destination
United Arab Emirates$283M
Iraq
Top Destination
India$38.8B

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

In 2022, countries that imported more from Somalia than Iraq included Bahrain ($9M), Kuwait ($13.5M), and Japan ($4.24M).

In 2022, countries that imported more from Iraq than Somalia included India ($38.8B), China ($34B), and United States ($10.3B).

Difference in imports from Iraq (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Iraq

Flow
Scale

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Iraq+$4.34kGold
Top Product Potential Iraq Somalia+$3.87kRefined Petroleum

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

Product Space of Somalia (Flag) and Iraq (Flag) (2014)

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