Somalia (SOM) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Somalia-Sweden Trade: In 2022, Somalia exported $542k to Sweden. The main products that Somalia exported to Sweden were Video Recording Equipment ($413k), Other Pure Vegetable Oils ($44.9k), and Dried Legumes ($30k). Over the past 5 years the exports of Somalia to Sweden have increased at an annualized rate of 92%, from $20.8k in 2017 to $542k in 2022.

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

Sweden-Somalia Trade: In 2022, Sweden exported $1.4M to Somalia. The main products that Sweden exported to Somalia were Cars ($620k), Used Clothing ($164k), and Chemical Analysis Instruments ($126k). Over the past 5 years the exports of Sweden to Somalia have increased at an annualized rate of 18.7%, from $593k in 2017 to $1.4M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $542k to Sweden. The main products exported from Somalia to Sweden were Video Recording Equipment ($413k), Other Pure Vegetable Oils ($44.9k), and Dried Legumes ($30k). During the last 5 years the exports of Somalia to Sweden have increased at an annualized rate of 92%, from $20.8k in 2017 to $542k in 2022.

In 2017, Sweden exported $1.4M to Somalia. The main products exported from Sweden to Somalia were Cars ($620k), Used Clothing ($164k), and Chemical Analysis Instruments ($126k). During the last 5 years the exports of Sweden to Somalia have increased at an annualized rate of 18.7%, from $593k in 2022 to $1.4M in 2017.

Exports from Somalia () to Sweden () (2022)

Exports from Sweden () to Somalia () (2022)

Latest Data

Trade between Somalia () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Somalia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Somalia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Sweden in the exports of Machines ($413k), Vegetable Products ($72.6k), and Animal and Vegetable Bi-Products ($44.9k).

During 2017, Sweden had a large net trade with Somalia in the exports of Transportation ($686k), Textiles ($238k), and Instruments ($192k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Sweden+$34.9kBroadcasting Equipment

Top Product Potential Sweden Somalia+$984kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Sweden () (2022)

Exports from Sweden () to Somalia () (2022)

Latest Data

Trade between Somalia () and Sweden ()

Sweden Exports

Market Competitiveness

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

Comparative Advantage Somalia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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