Somalia (SOM) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Somalia-Slovakia Trade: In 2022, Somalia exported $7.16k to Slovakia. The main products that Somalia exported to Slovakia were Essential Oils ($7.09k), Knit Socks and Hosiery ($38), and Brochures ($27). Over the past 5 years the exports of Somalia to Slovakia have decreased at an annualized rate of 36.2%, from $67.6k in 2017 to $7.16k in 2022.

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

Slovakia-Somalia Trade: In 2022, Slovakia exported $2.78M to Somalia. The main products that Slovakia exported to Somalia were Aluminium Bars ($958k), Iron Structures ($836k), and Water and Gas Generators ($252k). Over the past 5 years the exports of Slovakia to Somalia have increased at an annualized rate of 11.9%, from $1.58M in 2017 to $2.78M in 2022.

In 2022, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $7.16k to Slovakia. The main products exported from Somalia to Slovakia were Essential Oils ($7.09k), Knit Socks and Hosiery ($38), and Brochures ($27). During the last 5 years the exports of Somalia to Slovakia have decreased at an annualized rate of 36.2%, from $67.6k in 2017 to $7.16k in 2022.

In 2017, Slovakia exported $2.78M to Somalia. The main products exported from Slovakia to Somalia were Aluminium Bars ($958k), Iron Structures ($836k), and Water and Gas Generators ($252k). During the last 5 years the exports of Slovakia to Somalia have increased at an annualized rate of 11.9%, from $1.58M in 2022 to $2.78M in 2017.

Exports from Somalia () to Slovakia () (2022)

Exports from Slovakia () to Somalia () (2022)

Latest Data

Trade between Somalia () and Slovakia ()

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Somalia than Slovakia included Oman ($173M).

In 2022, countries that imported more from Slovakia than Somalia included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Somalia - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Slovakia in the exports of Chemical Products ($7.09k), Textiles ($38), and Paper Goods ($27).

During 2017, Slovakia had a large net trade with Somalia in the exports of Metals ($1.87M), Machines ($906k), and Foodstuffs ($1.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Slovakia+$7.04kEssential Oils

Top Product Potential Slovakia Somalia+$274kInsulated Wire

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

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Slovakia () (2022)

Exports from Slovakia () to Somalia () (2022)

Latest Data

Trade between Somalia () and Slovakia ()

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Somalia - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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