2023
Exports
$456World Rnk 192 / 207
Flag Rnk 254 / 348
2023
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.34Rnk 912 / 1025
2023
Imports
$11.9MWorld Rnk 97 / 221
Flag Rnk 78 / 965

About

Exports In 2023, Somalia exported $456 in Knit Men's Suits, making it the 192nd largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 254th most exported product in Somalia. The main destination of Knit Men's Suits exports from Somalia are: Luxembourg ($184), Spain ($85), Poland ($46), Ireland ($40), and Switzerland ($34).

The fastest growing export markets for Knit Men's Suits of Somalia between N/A and 2023 were Luxembourg ($184), Spain ($85), and Poland ($46).

Imports In 2023, Somalia imported $11.9M in Knit Men's Suits, becoming the 97th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 78th most imported product in Somalia. Somalia imports Knit Men's Suits primarily from: China ($9.05M), India ($1.98M), Italy ($247k), Turkey ($222k), and United Arab Emirates ($174k).

The fastest growing import markets in Knit Men's Suits for Somalia between 2022 and 2023 were China ($5.08M), India ($1.53M), and Italy ($154k).

Latest Trends

Dec 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 Knit Men's Suits. 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 (2023)$456
IMPORTS (2023)$11.9M
NET TRADE (2023)-$11.9M

In 2023, Somalia exported $456 in Knit Men's Suits. The main destinations of Somalia exports on Knit Men's Suits were Luxembourg ($184), Spain ($85), Poland ($46), Ireland ($40), and Switzerland ($34).

In 2023, Somalia imported $11.9M in Knit Men's Suits, mainly from China ($9.05M), India ($1.98M), Italy ($247k), Turkey ($222k), and United Arab Emirates ($174k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Somalia WERE (N/A - 2023):
Luxembourg$184 (1%)
Spain$85 (1%)
Poland$46 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Knit Men's Suits were:
In 2023, Somalia's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $772
TOP IMPORT POTENTIALChina+ $450k

Knit Men's Suits’s highest export potential is United States. With an export gap of $772.   Knit Men's Suits’s highest import potential is China with an import gap of $450k.

See methodology.

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