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2022
Exports $21.4MWorld Rnk 64 / 169
Flag Rnk 5 / 317
2022
Destination $9.4M United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $9.4MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Crustaceans-1.97Rnk 999 / 1025
2022
Imports $48.8kWorld Rnk 180 / 217
Flag Rnk 650 / 952
2022
Origin $22.3k Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $22.3kUnited Arab Emirates

About

Exports In 2022, Somalia exported $21.4M in Crustaceans, making it the 64th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 5th most exported product in Somalia. The main destination of Crustaceans exports from Somalia are: United Arab Emirates ($20.8M), Hong Kong ($273k), Thailand ($250k), Maldives ($54.9k), and Tanzania ($27.2k).

The fastest growing export markets for Crustaceans of Somalia between 2021 and 2022 were United Arab Emirates ($9.4M), Hong Kong ($257k), and Maldives ($54.9k).

Imports In 2022, Somalia imported $48.8k in Crustaceans, becoming the 180th largest importer of Crustaceans in the world. At the same year, Crustaceans was the 650th most imported product in Somalia. Somalia imports Crustaceans primarily from: Netherlands ($25k), United Arab Emirates ($22.3k), and Italy ($1.4k).

The fastest growing import markets in Crustaceans for Somalia between 2021 and 2022 were United Arab Emirates ($22.3k) and Italy ($1.4k).

Latest Trends

Oct 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 Crustaceans. 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 (2022)$21.4M
IMPORTS (2022)$48.8k
NET TRADE (2022)$21.3M

In 2022, Somalia exported $21.4M in Crustaceans. The main destinations of Somalia exports on Crustaceans were United Arab Emirates ($20.8M), Hong Kong ($273k), Thailand ($250k), Maldives ($54.9k), and Tanzania ($27.2k).

In 2022, Somalia imported $48.8k in Crustaceans, mainly from Netherlands ($25k), United Arab Emirates ($22.3k), and Italy ($1.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Somalia WERE (2021 - 2022):
United Arab Emirates$9.4M (82.7%)
Hong Kong$257k (1.62k%)
Maldives$54.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Somalia WERE (2021 - 2022):
Thailand-$514k (-67.2%)
Turkey-$25.9k (-100%)
Kenya-$11.6k (-53.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Somalia's main importing competitors in Crustaceans were:
United States $9.1B
China $8.72B
Japan $2.16B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALHong Kong+ $527k
TOP IMPORT POTENTIALNetherlands+ $8.56k

Crustaceans’s highest export potential is Hong Kong. With an export gap of $527k.   Crustaceans’s highest import potential is Netherlands with an import gap of $8.56k.

See methodology.

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