Somalia (SOM) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Chinese Taipei () (2022)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Somalia () (2022)

Comparative Advantage Somalia - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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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 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.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Somalia - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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