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Pricing

2022
Flag → Flag
Exports $51.2kRnk 49 / 95
2022
Flag → Flag
Top Product $11.9kProcessed Crustaceans
2022
Flag → Flag
Exports $4.9MRnk 153 / 215
2022
Flag → Flag
Top Product $3.25MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Somalia-Singapore Trade: In 2022, Somalia exported $51.2k to Singapore. The main products that Somalia exported to Singapore were Processed Crustaceans ($11.9k), Transmissions ($8.65k), and Essential Oils ($6.64k). Over the past 5 years the exports of Somalia to Singapore have decreased at an annualized rate of 12.8%, from $102k in 2017 to $51.2k in 2022.

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

Singapore-Somalia Trade: In 2022, Singapore exported $4.9M to Somalia. The main products that Singapore exported to Somalia were Palm Oil ($3.25M), Industrial Fatty Acids, Oils and Alcohols ($558k), and Malt Extract ($310k). Over the past 5 years the exports of Singapore to Somalia have increased at an annualized rate of 18.2%,  from $776k in 2017 to $4.9M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $51.2k to Singapore. The main products exported from Somalia to Singapore were Processed Crustaceans ($11.9k), Transmissions ($8.65k), and Essential Oils ($6.64k). During the last 5 years the exports of Somalia to Singapore have decreased at an annualized rate of 12.8%, from $102k in 2017 to $51.2k in 2022.

In 2017, Singapore exported $4.9M to Somalia. The main products exported from Singapore to Somalia were Palm Oil ($3.25M), Industrial Fatty Acids, Oils and Alcohols ($558k), and Malt Extract ($310k). During the last 5 years the exports of Singapore to Somalia have increased at an annualized rate of 18.2%, from $776k in 2022 to $4.9M in 2017.

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

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

Latest Data

Trade between Somalia (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, no countries were registered that imported more from Somalia than from Singapore.

In 2022, countries that imported more from Singapore than Somalia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Somalia - Singapore

Flow
Scale

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

During 2022, Somalia had a large net trade with Singapore in the exports of Machines ($27.5k), Foodstuffs ($11.9k), and Chemical Products ($6.74k).

During 2017, Singapore had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($3.25M), Chemical Products ($563k), and Foodstuffs ($559k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Singapore+$20.8kTelephones
Top Product Potential Singapore Somalia+$1.36MPalm Oil

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

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

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