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Pricing

2022
Flag → Flag
Exports $1.34kRnk 77 / 95
2022
Flag → Flag
Top Product $1.34kInsect Resins
2022
Flag → Flag
Exports $32.3MRnk 36 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Somalia-Uruguay Trade: In 2022, Somalia exported $1.34k to Uruguay. The main products that Somalia exported to Uruguay were Insect Resins ($1.34k). Over the past 9 years the exports of Somalia to Uruguay have increased at an annualized rate of 32.6%, from $105 in 2013 to $1.34k in 2022.

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

Uruguay-Somalia In false, Uruguay did not export any products to Somalia.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $1.34k to Uruguay. The main products exported from Somalia to Uruguay were Insect Resins ($1.34k). During the last 9 years the exports of Somalia to Uruguay have increased at an annualized rate of 32.6%, from $105 in 2013 to $1.34k in 2022.

Uruguay does not register exports to Somalia.

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

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

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Somalia than Uruguay included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Uruguay than Somalia included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

Comparative Advantage Somalia - Uruguay

Flow
Scale

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

During 2022, Somalia had a large net trade with Uruguay in the exports of Vegetable Products ($1.34k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Uruguay+$3.91kInsect Resins
Top Product Potential Uruguay Somalia+$2.18kConcentrated Milk

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

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

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