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2022
Flag → Flag
Exports $63kRnk 46 / 95
2022
Flag → Flag
Top Product $35.8kInsect Resins
2022
Flag → Flag
Exports $6.68MRnk 149 / 210
2022
Flag → Flag
Top Product $4.38MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Somalia-Chinese Taipei Trade: In 2022, Somalia exported $63k to Chinese Taipei. The main products that Somalia exported to Chinese Taipei were Insect Resins ($35.8k), Essential Oils ($23.9k), and Shaving Products ($1.55k). Over the past 5 years the exports of Somalia to Chinese Taipei have decreased at an annualized rate of 13.9%, from $133k in 2017 to $63k in 2022.

In 2022, Somalia did not export any services to Chinese Taipei.

Chinese Taipei-Somalia Trade: In 2022, Chinese Taipei exported $6.68M to Somalia. The main products that Chinese Taipei exported to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.38M), Rice ($355k), and Forging Machines ($241k). Over the past 5 years the exports of Chinese Taipei to Somalia have increased at an annualized rate of 43.7%,  from $1.09M in 2017 to $6.68M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $63k to Chinese Taipei. The main products exported from Somalia to Chinese Taipei were Insect Resins ($35.8k), Essential Oils ($23.9k), and Shaving Products ($1.55k). During the last 5 years the exports of Somalia to Chinese Taipei have decreased at an annualized rate of 13.9%, from $133k in 2017 to $63k in 2022.

In 2017, Chinese Taipei exported $6.68M to Somalia. The main products exported from Chinese Taipei to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.38M), Rice ($355k), and Forging Machines ($241k). During the last 5 years the exports of Chinese Taipei to Somalia have increased at an annualized rate of 43.7%, from $1.09M in 2022 to $6.68M in 2017.

Exports from Somalia (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Somalia (Flag) (2022)

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Chinese Taipei
Top DestinationChina$121B

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

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

In 2022, countries that imported more from Chinese Taipei than Somalia included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Chinese Taipei

Flow
Scale

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

During 2022, Somalia had a large net trade with Chinese Taipei in the exports of Vegetable Products ($35.8k), Chemical Products ($25.4k), and Arts and Antiques ($1.51k).

During 2017, Chinese Taipei had a large net trade with Somalia in the exports of Chemical Products ($4.57M), Machines ($595k), and Textiles ($493k).

Economic Complexity

Competitive Landscape

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

Product Space of Somalia (Flag) and Chinese Taipei (Flag) (2022)

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