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Pricing

2022
Flag → Flag
Exports $610Rnk 81 / 95
2022
Flag → Flag
Top Product $255Motor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $66kRnk 177 / 205
2022
Flag → Flag
Top Product $45.5kCoffee and Tea Extracts
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Somalia-Philippines Trade: In 2022, Somalia exported $610 to Philippines. The main products that Somalia exported to Philippines were Motor vehicles; parts and accessories (8701 to 8705) ($255), Essential Oils ($184), and Insect Resins ($171). Over the past 5 years the exports of Somalia to Philippines have decreased at an annualized rate of 41.6%, from $9.02k in 2017 to $610 in 2022.

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

Philippines-Somalia Trade: In 2022, Philippines exported $66k to Somalia. The main products that Philippines exported to Somalia were Coffee and Tea Extracts ($45.5k) and Telephones ($20.4k). Over the past 5 years the exports of Philippines to Somalia have decreased at an annualized rate of 8.49%,  from $103k in 2017 to $66k in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $610 to Philippines. The main products exported from Somalia to Philippines were Motor vehicles; parts and accessories (8701 to 8705) ($255), Essential Oils ($184), and Insect Resins ($171). During the last 5 years the exports of Somalia to Philippines have decreased at an annualized rate of 41.6%, from $9.02k in 2017 to $610 in 2022.

In 2017, Philippines exported $66k to Somalia. The main products exported from Philippines to Somalia were Coffee and Tea Extracts ($45.5k) and Telephones ($20.4k). During the last 5 years the exports of Philippines to Somalia have decreased at an annualized rate of 8.49%, from $103k in 2022 to $66k in 2017.

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

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

Latest Data

Trade between Somalia (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Somalia than Philippines included Oman ($173M) and Senegal ($2.97M).

In 2022, countries that imported more from Philippines than Somalia included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Somalia - Philippines

Flow
Scale

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

During 2022, Somalia had a large net trade with Philippines in the exports of Transportation ($255), Chemical Products ($184), and Vegetable Products ($171).

During 2017, Philippines had a large net trade with Somalia in the exports of Foodstuffs ($45.5k) and Machines ($20.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Philippines+$3.55kGold
Top Product Potential Philippines Somalia+$3.51kComputers

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

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

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