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Pricing

2019
Exports $27.4kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 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)$27.4k
IMPORTS (2018)$2.86k
NET TRADE (2019)$27.4k

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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 2022, Somalia's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Somalia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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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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