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Pricing

2022
Flag → Flag
Exports $477kRnk 31 / 95
2022
Flag → Flag
Top Product $180kOther Pure Vegetable Oils
2022
Flag → Flag
Exports $83.8MRnk 164 / 219
2022
Flag → Flag
Top Product $17.8MWheat
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Somalia-United States Trade: In 2022, Somalia exported $477k to United States. The main products that Somalia exported to United States were Other Pure Vegetable Oils ($180k), Insect Resins ($139k), and Jewellery ($76.7k). Over the past 5 years the exports of Somalia to United States have decreased at an annualized rate of 13.7%, from $995k in 2017 to $477k in 2022.

In 2022, Somalia did not export any services to United States.

United States-Somalia Trade: In 2022, United States exported $83.8M to Somalia. The main products that United States exported to Somalia were Wheat ($17.8M), Sorghum ($12.4M), and Other Edible Preparations ($10.1M). Over the past 5 years the exports of United States to Somalia have increased at an annualized rate of 4.68%,  from $66.7M in 2017 to $83.8M in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $477k to United States. The main products exported from Somalia to United States were Other Pure Vegetable Oils ($180k), Insect Resins ($139k), and Jewellery ($76.7k). During the last 5 years the exports of Somalia to United States have decreased at an annualized rate of 13.7%, from $995k in 2017 to $477k in 2022.

In 2017, United States exported $83.8M to Somalia. The main products exported from United States to Somalia were Wheat ($17.8M), Sorghum ($12.4M), and Other Edible Preparations ($10.1M). During the last 5 years the exports of United States to Somalia have increased at an annualized rate of 4.68%, from $66.7M in 2022 to $83.8M in 2017.

Exports from Somalia (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Somalia (Flag) (2022)

Latest Data

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

United States Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
United States
Top DestinationCanada$308B

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 2022, no countries were registered that imported more from Somalia than from United States.

In 2022, countries that imported more from United States than Somalia included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Somalia (Flag) (2022)

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 2022, Somalia had a large net trade with United States in the exports of Animal and Vegetable Bi-Products ($180k), Vegetable Products ($154k), and Precious Metals ($79.4k).

During 2017, United States had a large net trade with Somalia in the exports of Vegetable Products ($36.6M), Foodstuffs ($10.3M), and Transportation ($8.44M).

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) (2022)

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