2021
Exports
$20.4kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2021
Imports
$90.2MWorld Rnk 140 / 224
Flag Rnk 14 / 952

About

Imports In 2022, Somalia imported $90.2M in Cars, becoming the 140th largest importer of Cars in the world. At the same year, Cars was the 14th most imported product in Somalia. Somalia imports Cars primarily from: India ($45.7M), United Arab Emirates ($38.1M), Turkey ($862k), United Kingdom ($811k), and Hungary ($679k).

The fastest growing import markets in Cars for Somalia between 2021 and 2022 were United Arab Emirates ($3.19M), Sweden ($608k), and Hungary ($497k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$20.4k
IMPORTS (2022)$90.2M
NET TRADE (2022)-$90.2M

In 2022, Somalia imported $90.2M in Cars, mainly from India ($45.7M), United Arab Emirates ($38.1M), Turkey ($862k), United Kingdom ($811k), and Hungary ($679k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Somalia WERE (N/A - 2021):
Egypt-$9.07k (-100%)
Italy-$4.85k (-100%)
Uganda-$4.54k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Cars were:
In 2022, Somalia's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.26k
TOP IMPORT POTENTIALGermany+ $2.19M

Cars’s highest export potential is United States. With an export gap of $1.26k.   Cars’s highest import potential is Germany with an import gap of $2.19M.

See methodology.

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