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2021
Flag → Flag
Exports $162Rnk 78 / 0
2021
Flag → Flag
Exports $1.02MRnk 166 / 211
2021
Flag → Flag
Top Product $670kPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Somalia-Portugal Trade: In 2021, Somalia exported $162 to Portugal. The main products that Somalia exported to Portugal were N/A. Over the past 22 years the exports of Somalia to Portugal have decreased at an annualized rate of 5.67%, from $585 in 1999 to $162 in 2021.

In 2021, Somalia did not export any services to Portugal.

Portugal-Somalia Trade: In 2021, Portugal exported $1.02M to Somalia. The main products that Portugal exported to Somalia were Packaged Medicaments ($670k), Malt Extract ($187k), and Medical Instruments ($47.8k). Over the past 22 years the exports of Portugal to Somalia have increased at an annualized rate of 27.2%,  from $307k in 1999 to $1.02M in 2021.

In 2021, Portugal did not export any services to Somalia.

Comparison In 2023,  Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Somalia exported $162 to Portugal. There were not main exports from Somalia to Portugal in 2021. During the last 22 years the exports of Somalia to Portugal have decreased at an annualized rate of 5.67%, from $585 in 1999 to $162 in 2021.

In 2018, Portugal exported $1.02M to Somalia. The main products exported from Portugal to Somalia were Packaged Medicaments ($670k), Malt Extract ($187k), and Medical Instruments ($47.8k). During the last 5 years the exports of Portugal to Somalia have increased at an annualized rate of 27.2%, from $307k in 2023 to $1.02M in 2018.

Exports from Somalia (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Somalia (Flag) (2023)

Latest Data

Trade between Somalia (Flag) and Portugal (Flag)

Portugal Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Somalia than Portugal included Oman ($180M), Djibouti ($84.2M), and Saudi Arabia ($283M).

In 2023, countries that imported more from Portugal than Somalia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

Difference in imports from Portugal (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - Portugal

Flow
Scale

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

During 2021, Somalia had a large net trade with Portugal in the exports of N/A.

During 2018, Portugal had a large net trade with Somalia in the exports of Chemical Products ($684k), Foodstuffs ($207k), and Instruments ($60.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Portugal+$2.66kGold
Top Product Potential Portugal Somalia+$422kPackaged Medicaments

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

Product Space of Somalia (Flag) and Portugal (Flag) (2023)

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