2023
Flag  
GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC 
$597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

In N/A, Somalia did not export any services to Venezuela.

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

In N/A, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value
Year

Somalia does not register exports to Venezuela.

Venezuela does not register exports to Somalia.

Exports from Somalia (Flag) to Venezuela (Flag) (2011)

Exports from Venezuela (Flag) to Somalia (Flag) (2011)

Market Competitiveness

Color
Somalia
Top Destination
United Arab Emirates$360M
Venezuela
Top Destination
United States$3.81B

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

In 2023, countries that imported more from Somalia than Venezuela included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

In 2023, countries that imported more from Venezuela than Somalia included United States ($3.81B), China ($739M), and Spain ($670M).

Difference in imports from Venezuela (Flag) and Somalia (Flag) (2023)

Comparative Advantage Somalia - Venezuela

Flow
Scale
Year

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

Economic Complexity

Competitive Landscape

Year

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

Product Space of Somalia (Flag) and Venezuela (Flag) (2011)

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