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Pricing

2022
Flag → Flag
Exports $277kRnk 35 / 95
2022
Flag → Flag
Top Product $269kTanned Equine and Bovine Hides
2022
Flag → Flag
Exports $83.3kRnk 87 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Somalia-Nigeria Trade: In 2022, Somalia exported $277k to Nigeria. The main products that Somalia exported to Nigeria were Tanned Equine and Bovine Hides ($269k), Non-Knit Men's Shirts ($3.9k), and Non-Knit Men's Suits ($3.19k). Over the past 5 years the exports of Somalia to Nigeria have increased at an annualized rate of 104%, from $7.91k in 2017 to $277k in 2022.

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

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

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $277k to Nigeria. The main products exported from Somalia to Nigeria were Tanned Equine and Bovine Hides ($269k), Non-Knit Men's Shirts ($3.9k), and Non-Knit Men's Suits ($3.19k). During the last 5 years the exports of Somalia to Nigeria have increased at an annualized rate of 104%, from $7.91k in 2017 to $277k in 2022.

Nigeria does not register exports to Somalia.

Exports from Somalia (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Somalia (Flag) (2022)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Somalia than Nigeria included Oman ($173M), Bulgaria ($18.5M), and Qatar ($8.77M).

In 2022, countries that imported more from Nigeria than Somalia included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Nigeria

Flow
Scale

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

During 2022, Somalia had a large net trade with Nigeria in the exports of Animal Hides ($269k), Textiles ($7.09k), and Machines ($737).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Nigeria+$63.9kEquine and Bovine Hides
Top Product Potential Nigeria Somalia+$3.55kPetroleum Gas

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

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

Product Space of Somalia (Flag) and Nigeria (Flag) (2022)

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