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2019
Exports $33.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2019
Imports $2.86kWorld Rnk 0 / 0
Flag Rnk 0 / 0

About

Imports In 2018, Somalia imported $2.86k in Iron Ore, becoming the 0th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 0th most imported product in Somalia. Somalia imports Iron Ore primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2019)$33.1k
IMPORTS (2018)$2.86k
NET TRADE (2019)$33.1k

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Export Destinations (2019)

Import Origins (2019)

Market Growth

Flow
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Change in Exports by Market (2018 - 2019)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Somalia's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.26k
TOP IMPORT POTENTIALAustralia+ $617

Iron Ore’s highest export potential is China. With an export gap of $1.26k.   Iron Ore’s highest import potential is Australia with an import gap of $617.

See methodology.

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