Somalia (SOM) and Palestine (PSE) Trade | The Observatory of Economic Complexity

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Somalia-Palestine Trade: In 2022, Somalia exported $7.72k to Palestine. The main products that Somalia exported to Palestine were Wood Charcoal ($7.72k). Over the past 14 years the exports of Somalia to Palestine have decreased at an annualized rate of 17.8%, from $120k in 2008 to $7.72k in 2022.

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

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

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

Comparison In 2022, Somalia ranked 167 in total exports ($569M). That same year, Palestine ranked 150 in total exports ($1.61B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $7.72k to Palestine. The main products exported from Somalia to Palestine were Wood Charcoal ($7.72k). During the last 14 years the exports of Somalia to Palestine have decreased at an annualized rate of 17.8%, from $120k in 2008 to $7.72k in 2022.

Palestine does not register exports to Somalia. The main products exported from Palestine to Somalia were Pure Olive Oil ($10.2k).

Exports from Somalia () to Palestine () (2022)

Exports from Palestine () to Somalia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Palestine
Top DestinationIsrael$1.3B

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

In 2022, countries that imported more from Somalia than Palestine included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Palestine than Somalia included Israel ($1.3B), Jordan ($159M), and United States ($24.1M).

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

Comparative Advantage Somalia - Palestine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Palestine in the exports of Wood Products ($7.72k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Palestine () (2022)

Exports from Palestine () to Somalia () (2022)

Market Competitiveness

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

Comparative Advantage Somalia - Palestine

Economic Complexity

Competitive Landscape

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

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