GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195
GDP$20.3BCURRENT US$Rnk 120 / 195 GDP GROWTH61.5%CURRENT US$Rnk 51 / 195 GDP PC $597CURRENT US$Rnk 191 / 195GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195GDP PC$5,839CURRENT US$Rnk 116 / 196GDP PC GROWTH34.5%CURRENT US$Rnk 70 / 195In N/A, Somalia did not export any services to Mongolia.
Mongolia-Somalia In false, Mongolia did not export any products to Somalia.
In N/A, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).
This map shows whether countries import more from Somalia or Mongolia. Each country is colored based on the difference in imports they receive from Somalia and Mongolia or the difference in the growth in imports.
In 2023, countries that imported more from Somalia than Mongolia included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).
In 2023, countries that imported more from Mongolia than Somalia included China ($13.1B), Switzerland ($842M), and Italy ($87.7M).
) and Somalia () (2023)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.
This visualization shows the product space at the HS4 level with the flags of Somalia and Mongolia. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Somalia.
) and Mongolia () (2018)
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