GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186
GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186 GDP PC $462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186GDP PC$4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186In 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 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).
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 2022, countries that imported more from Somalia than Mongolia included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).
In 2022, countries that imported more from Mongolia than Somalia included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).
) and Somalia () (2022)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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