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Pricing

2023
Flag → Flag
Exports $1.54MRnk 19 / 92
2023
Flag → Flag
Top Product $635kEssential Oils
2023
Flag → Flag
Exports $47.2MRnk 173 / 220
2023
Flag → Flag
Top Product $17.4MMalt Extract
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Somalia-United States Trade: In 2023, Somalia exported $1.54M to United States. The main products that Somalia exported to United States were Essential Oils ($635k), Large Construction Vehicles ($265k), and Other Pure Vegetable Oils ($245k). Over the past 5 years the exports of Somalia to United States have increased at an annualized rate of 3.21%, from $1.31M in 2018 to $1.54M in 2023.

In 2023, Somalia did not export any services to United States.

United States-Somalia Trade: In 2023, United States exported $47.2M to Somalia. The main products that United States exported to Somalia were Malt Extract ($17.4M), Other Edible Preparations ($5.6M), and Hydraulic Turbines ($5M). Over the past 5 years the exports of United States to Somalia have increased at an annualized rate of 0.0049%,  from $47.2M in 2018 to $47.2M in 2023.

In 2023, United States did not export any services to Somalia.

Comparison In 2023,  Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Somalia exported $1.54M to United States. The main products exported from Somalia to United States were Essential Oils ($635k), Large Construction Vehicles ($265k), and Other Pure Vegetable Oils ($245k). During the last 5 years the exports of Somalia to United States have increased at an annualized rate of 3.21%, from $1.31M in 2018 to $1.54M in 2023.

In 2018, United States exported $47.2M to Somalia. The main products exported from United States to Somalia were Malt Extract ($17.4M), Other Edible Preparations ($5.6M), and Hydraulic Turbines ($5M). During the last 5 years the exports of United States to Somalia have increased at an annualized rate of 0.0049%, from $47.2M in 2023 to $47.2M in 2018.

Exports from Somalia (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Somalia (Flag) (2023)

Latest Data

Trade between Somalia (Flag) and United States (Flag)

United States Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
United States
Top DestinationCanada$269B

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

In 2023, no countries were registered that imported more from Somalia than from United States.

In 2023, countries that imported more from United States than Somalia included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - United States

Flow
Scale

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

During 2023, Somalia had a large net trade with United States in the exports of Chemical Products ($635k), Machines ($293k), and Animal and Vegetable Bi-Products ($245k).

During 2018, United States had a large net trade with Somalia in the exports of Foodstuffs ($23M), Machines ($10.9M), and Plastics and Rubbers ($2.94M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia United States+$395kInsect Resins
Top Product Potential United States Somalia+$4.28MTelephones

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

Product Space of Somalia (Flag) and United States (Flag) (2023)

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