Somalia (SOM) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Somalia-Italy Trade: In 2023, Somalia exported $734k to Italy. The main products that Somalia exported to Italy were Insect Resins ($457k), Scrap Copper ($270k), and Medical Instruments ($5.95k). Over the past 5 years the exports of Somalia to Italy have increased at an annualized rate of 1.47%, from $682k in 2018 to $734k in 2023.

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

Italy-Somalia Trade: In 2023, Italy exported $33.9M to Somalia. The main products that Italy exported to Somalia were Sawn Wood ($8.48M), Baked Goods ($2.5M), and Prefabricated Buildings ($1.78M). Over the past 5 years the exports of Italy to Somalia have decreased at an annualized rate of 3.73%, from $41M in 2018 to $33.9M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Somalia exported $734k to Italy. The main products exported from Somalia to Italy were Insect Resins ($457k), Scrap Copper ($270k), and Medical Instruments ($5.95k). During the last 5 years the exports of Somalia to Italy have increased at an annualized rate of 1.47%, from $682k in 2018 to $734k in 2023.

In 2018, Italy exported $33.9M to Somalia. The main products exported from Italy to Somalia were Sawn Wood ($8.48M), Baked Goods ($2.5M), and Prefabricated Buildings ($1.78M). During the last 5 years the exports of Italy to Somalia have decreased at an annualized rate of 3.73%, from $41M in 2023 to $33.9M in 2018.

Exports from Somalia () to Italy () (2023)

Exports from Italy () to Somalia () (2023)

Latest Data

Trade between Somalia () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$360M

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Somalia than Italy included Djibouti ($84.2M).

In 2023, countries that imported more from Italy than Somalia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Somalia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Somalia had a large net trade with Italy in the exports of Vegetable Products ($457k), Metals ($270k), and Instruments ($5.95k).

During 2018, Italy had a large net trade with Somalia in the exports of Wood Products ($8.48M), Machines ($5.74M), and Foodstuffs ($4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Italy+$213kOther Oily Seeds

Top Product Potential Italy Somalia+$964kPackaged 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 Italy. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Somalia.

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Italy () (2023)

Exports from Italy () to Somalia () (2023)

Latest Data

Trade between Somalia () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Somalia - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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