NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

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

About

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.

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.

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

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Somalia to the United States. Conversely, were notable for importing products to Somalia from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $7.59M and imported $606k from Somalia, resulting in a positive trade balance of $6.98M. Between November 2023 and November 2024 the exports of United States have increased by $5.86M (338%) from $1.73M to $7.59M, while imports increased by $473k (355%) from $133k to $606k.

Trade In November 2024, the top exports of United States to Somalia were Poultry Meat ($155k), Telephones ($101k), Aircraft parts (gliders, balloons, and powered... ($100k), Other Plastic Products ($94.2k), and Plastic Housewares ($77.8k). In November 2024 the top imports of United States from Somalia were Commodities not elsewhere specified ($690k), Other Pure Vegetable Oils ($60.7k), Insect Resins ($18.3k), and Collector's Items ($18.1k).

Origins In November 2024 the exports of United States were mainly from Texas ($5.3M), Minnesota ($662k), Illinois ($481k), North Carolina ($334k), and Rhode Island ($146k), while imports destinations were mainly Minnesota ($416k), Indiana ($179k), New Hampshire ($3.09k), Oregon ($2.78k), and Florida ($2.75k).

Growth In November 2024, the increase in United States's year-by-year exports to Somalia was explained primarily by an increase in product exports in Poultry Meat ($95.7k or 161%), Other Plastic Products ($89.8k or 2.02k%), and Plastic Housewares ($17.2k or 28.3%). In November 2024, the increase in United States's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($687k or 31.6k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$5.86M(338%)
IMPORT GROWTH (November 2023 - November 2024)$473k(355%)
MAIN EXPORTER (November 2024)Texas$5.3M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Somalia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and United States Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $47.2M in 2023.

In 2018, 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 2023 to $1.54M in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage United States - Somalia

Flow
Scale

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

During 2023, United States had a large net trade with Somalia in the exports of Foodstuffs ($23M), Machines ($10.9M), and Plastics and Rubbers ($2.94M).

During 2018, 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).

Potential Exports

Potential Exports

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

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms