Somalia (SOM) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Somalia-Saudi Arabia Trade: In 2021, Somalia exported $45.3M to Saudi Arabia. The main products that Somalia exported to Saudi Arabia were N/A. Over the past 5 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 31.7%, from $306M in 2016 to $45.3M in 2021.

In 2021, Somalia did not export any services to Saudi Arabia.

Saudi Arabia-Somalia Trade: In 2021, Saudi Arabia exported $45M to Somalia. The main products that Saudi Arabia exported to Somalia were N/A. Over the past 5 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 3.64%, from $37.6M in 2016 to $45M in 2021.

In 2021, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Somalia exported $45.3M to Saudi Arabia. There were not main exports from Somalia to Saudi Arabia in 2021. During the last 5 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 31.7%, from $306M in 2016 to $45.3M in 2021.

In 2016, Saudi Arabia exported $45M to Somalia. There were not main exports from Saudi Arabia to Somalia in 2016. During the last 5 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 3.64%, from $37.6M in 2021 to $45M in 2016.

Exports from Somalia () to Saudi Arabia () (2021)

Exports from Saudi Arabia () to Somalia () (2021)

Latest Data

Trade between Somalia () and Saudi Arabia ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Somalia than Saudi Arabia included Israel ($13k) and Bermuda ($202).

In 2022, countries that imported more from Saudi Arabia than Somalia included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia () and Somalia () (2022)

Comparative Advantage Somalia - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Somalia had a large net trade with Saudi Arabia in the exports of .

During 2016, Saudi Arabia had a large net trade with Somalia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Saudi Arabia+$6.45kGold

Top Product Potential Saudi Arabia Somalia+$4.69kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Saudi Arabia () (2021)

Exports from Saudi Arabia () to Somalia () (2021)

Latest Data

Trade between Somalia () and Saudi Arabia ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Somalia () (2022)

Comparative Advantage Somalia - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Saudi Arabia () (2021)

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