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Pricing

2022
Flag → Flag
Exports $2.5MRnk 13 / 95
2022
Flag → Flag
Top Product $1.46MOther Oily Seeds
2022
Flag → Flag
Exports $386MRnk 87 / 219
2022
Flag → Flag
Top Product $94.9MPasta
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Somalia-Turkey Trade: In 2022, Somalia exported $2.5M to Turkey. The main products that Somalia exported to Turkey were Other Oily Seeds ($1.46M), Insect Resins ($575k), and Tanned Equine and Bovine Hides ($281k). Over the past 5 years the exports of Somalia to Turkey have increased at an annualized rate of 15.5%, from $1.21M in 2017 to $2.5M in 2022.

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

Turkey-Somalia Trade: In 2022, Turkey exported $386M to Somalia. The main products that Turkey exported to Somalia were Pasta ($94.9M), Wheat Flours ($56.8M), and Raw Iron Bars ($52M). Over the past 5 years the exports of Turkey to Somalia have increased at an annualized rate of 21.6%,  from $145M in 2017 to $386M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $2.5M to Turkey. The main products exported from Somalia to Turkey were Other Oily Seeds ($1.46M), Insect Resins ($575k), and Tanned Equine and Bovine Hides ($281k). During the last 5 years the exports of Somalia to Turkey have increased at an annualized rate of 15.5%, from $1.21M in 2017 to $2.5M in 2022.

In 2017, Turkey exported $386M to Somalia. The main products exported from Turkey to Somalia were Pasta ($94.9M), Wheat Flours ($56.8M), and Raw Iron Bars ($52M). During the last 5 years the exports of Turkey to Somalia have increased at an annualized rate of 21.6%, from $145M in 2022 to $386M in 2017.

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

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

Latest Data

Trade between Somalia (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Somalia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Somalia - Turkey

Flow
Scale

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

During 2022, Somalia had a large net trade with Turkey in the exports of Vegetable Products ($2.07M), Animal Hides ($353k), and Animal and Vegetable Bi-Products ($62.4k).

During 2017, Turkey had a large net trade with Somalia in the exports of Foodstuffs ($112M), Metals ($66.6M), and Vegetable Products ($60.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Turkey+$765kOther Oily Seeds
Top Product Potential Turkey Somalia+$1.73MRefined 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

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

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

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