2023
Flag  
GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP
$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH
-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
GDP PC 
$597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC
$33,767CURRENT US$
Rnk 38 / 196
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 176 / 195

About

Somalia-Japan Trade: In 2023, Somalia exported $7.98M to Japan. The main products that Somalia exported to Japan were Molluscs ($5.26M), Fish Oil ($2.15M), and Fish Fillets ($280k). Over the past 5 years the exports of Somalia to Japan have decreased at an annualized rate of 11.1%, from $14.3M in 2018 to $7.98M in 2023.

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

Japan-Somalia Trade: In 2023, Japan exported $5.12M to Somalia. The main products that Japan exported to Somalia were Iron Pipes ($1.31M), Other Nitrogen Compounds ($753k), and X-Ray Equipment ($675k). Over the past 5 years the exports of Japan to Somalia have decreased at an annualized rate of 3.62%,  from $6.16M in 2018 to $5.12M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Somalia exported $7.98M to Japan. The main products exported from Somalia to Japan were Molluscs ($5.26M), Fish Oil ($2.15M), and Fish Fillets ($280k). During the last 5 years the exports of Somalia to Japan have decreased at an annualized rate of 11.1%, from $14.3M in 2018 to $7.98M in 2023.

In 2018, Japan exported $5.12M to Somalia. The main products exported from Japan to Somalia were Iron Pipes ($1.31M), Other Nitrogen Compounds ($753k), and X-Ray Equipment ($675k). During the last 5 years the exports of Japan to Somalia have decreased at an annualized rate of 3.62%, from $6.16M in 2023 to $5.12M in 2018.

Exports from Somalia (Flag) to Japan (Flag) (2023)

Exports from Japan (Flag) to Somalia (Flag) (2023)

Latest Data

Trade between Somalia (Flag) and Japan (Flag)

Japan Exports

Market Competitiveness

Color
Somalia
Top Destination
United Arab Emirates$360M
Japan
Top Destination
United States$143B

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

In 2023, no countries were registered that imported more from Somalia than from Japan.

In 2023, countries that imported more from Japan than Somalia included United States ($143B), China ($138B), and Chinese Taipei ($43B).

Difference in imports from Japan (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - Japan

Flow
Scale

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

During 2023, Somalia had a large net trade with Japan in the exports of Animal Products ($5.67M), Animal and Vegetable Bi-Products ($2.15M), and Chemical Products ($145k).

During 2018, Japan had a large net trade with Somalia in the exports of Transportation ($1.82M), Metals ($1.73M), and Chemical Products ($758k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Japan+$1.24MMolluscs
Top Product Potential Japan Somalia+$1.15MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Somalia (Flag) and Japan (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with