Somalia (SOM) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

About

Somalia-North Macedonia Trade: In 2022, Somalia exported $2 to North Macedonia. The main products that Somalia exported to North Macedonia were Essential Oils ($2). Over the past 18 years the exports of Somalia to North Macedonia have decreased at an annualized rate of 41.9%, from $34.9k in 2004 to $2 in 2022.

In 2022, Somalia did not export any services to North Macedonia.

North Macedonia-Somalia In N/A, North Macedonia did not export any products to Somalia.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $2 to North Macedonia. The main products exported from Somalia to North Macedonia were Essential Oils ($2). During the last 18 years the exports of Somalia to North Macedonia have decreased at an annualized rate of 41.9%, from $34.9k in 2004 to $2 in 2022.

North Macedonia does not register exports to Somalia.

Exports from Somalia () to North Macedonia () (2022)

Exports from North Macedonia () to Somalia () (2022)

Latest Data

Trade between Somalia () and North Macedonia ()

North Macedonia Exports

Date

Nov 2020

Feb 2020

Oct 2018

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Somalia than North Macedonia included United Arab Emirates ($283M), Oman ($173M), and Kuwait ($13.5M).

In 2022, countries that imported more from North Macedonia than Somalia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia () and Somalia () (2022)

Comparative Advantage Somalia - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with North Macedonia in the exports of Chemical Products ($2).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia North Macedonia+$1.74kGold

Top Product Potential North Macedonia Somalia+$1.67kInsulated Wire

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to North Macedonia () (2022)

Exports from North Macedonia () to Somalia () (2022)

Latest Data

Trade between Somalia () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Somalia () (2022)

Comparative Advantage Somalia - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and North Macedonia () (2022)

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