Somalia (SOM) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Somalia-Malaysia Trade: In 2022, Somalia exported $2.37k to Malaysia. The main products that Somalia exported to Malaysia were Iron Fasteners ($2.37k). Over the past 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 38.5%, from $26.9k in 2017 to $2.37k in 2022.

In 2022, Somalia did not export any services to Malaysia.

Malaysia-Somalia Trade: In 2022, Malaysia exported $126M to Somalia. The main products that Malaysia exported to Somalia were Palm Oil ($96.2M), Concentrated Milk ($15.1M), and Coconut Oil ($5.77M). Over the past 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 6.87%, from $90.1M in 2017 to $126M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $2.37k to Malaysia. The main products exported from Somalia to Malaysia were Iron Fasteners ($2.37k). During the last 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 38.5%, from $26.9k in 2017 to $2.37k in 2022.

In 2017, Malaysia exported $126M to Somalia. The main products exported from Malaysia to Somalia were Palm Oil ($96.2M), Concentrated Milk ($15.1M), and Coconut Oil ($5.77M). During the last 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 6.87%, from $90.1M in 2022 to $126M in 2017.

Exports from Somalia () to Malaysia () (2022)

Exports from Malaysia () to Somalia () (2022)

Latest Data

Trade between Somalia () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationN/AN/A

Malaysia
Top DestinationN/AN/A

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

N/A

Difference in imports from Malaysia () and Somalia () (2022)

Comparative Advantage Somalia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Malaysia in the exports of Metals ($2.37k).

During 2017, Malaysia had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($102M), Animal Products ($15.2M), and Chemical Products ($3.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Malaysia+$5.31kGold

Top Product Potential Malaysia Somalia+$457kPlywood

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Malaysia () (2022)

Exports from Malaysia () to Somalia () (2022)

Latest Data

Trade between Somalia () and Malaysia ()

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Somalia () (2022)

Comparative Advantage Somalia - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Malaysia () (2022)

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