Somalia (SOM) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Somalia-New Zealand Trade: In 2022, Somalia exported $81.6k to New Zealand. The main products that Somalia exported to New Zealand were Shaped Wood ($58.7k), Non-Knit Women's Suits ($11.1k), and Knit Sweaters ($2.81k). Over the past 5 years the exports of Somalia to New Zealand have increased at an annualized rate of 25.4%, from $26.3k in 2017 to $81.6k in 2022.

In 2022, Somalia did not export any services to New Zealand.

New Zealand-Somalia Trade: In 2022, New Zealand exported $1.99M to Somalia. The main products that New Zealand exported to Somalia were Frozen Bovine Meat ($1.52M), Sawn Wood ($405k), and Edible Offal ($36.8k). Over the past 5 years the exports of New Zealand to Somalia have decreased at an annualized rate of 4.78%, from $3.25M in 2017 to $1.99M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $81.6k to New Zealand. The main products exported from Somalia to New Zealand were Shaped Wood ($58.7k), Non-Knit Women's Suits ($11.1k), and Knit Sweaters ($2.81k). During the last 5 years the exports of Somalia to New Zealand have increased at an annualized rate of 25.4%, from $26.3k in 2017 to $81.6k in 2022.

In 2017, New Zealand exported $1.99M to Somalia. The main products exported from New Zealand to Somalia were Frozen Bovine Meat ($1.52M), Sawn Wood ($405k), and Edible Offal ($36.8k). During the last 5 years the exports of New Zealand to Somalia have decreased at an annualized rate of 4.78%, from $3.25M in 2022 to $1.99M in 2017.

Exports from Somalia () to New Zealand () (2022)

Exports from New Zealand () to Somalia () (2022)

Latest Data

Trade between Somalia () and New Zealand ()

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Somalia included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

Difference in imports from New Zealand () and Somalia () (2022)

Comparative Advantage Somalia - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with New Zealand in the exports of N/A.

During 2017, New Zealand had a large net trade with Somalia in the exports of Animal Products ($1.56M), Wood Products ($405k), and Machines ($28.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia New Zealand+$9.7kNon-Knit Women's Suits

Top Product Potential New Zealand Somalia+$270kSawn Wood

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to New Zealand () (2022)

Exports from New Zealand () to Somalia () (2022)

Latest Data

Trade between Somalia () and New Zealand ()

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Somalia () (2022)

Comparative Advantage Somalia - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and New Zealand () (2022)

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