2022
Exports
$240kWorld Rnk 89 / 162
Flag Rnk 25 / 317
falsefalse China
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$526World Rnk 0 / 0
Flag Rnk 0 / 0

About

Exports In 2022, Somalia exported $240k in Precious Stones, making it the 89th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 25th most exported product in Somalia. The main destination of Precious Stones exports from Somalia are: China ($234k), Netherlands ($3.57k), India ($1.29k), Armenia ($767), and Sweden ($97).

The fastest growing export markets for Precious Stones of Somalia between 2021 and 2022 were China ($4.87k), Netherlands ($3.57k), and Armenia ($767).

Imports In 2019, Somalia imported $526 in Precious Stones, becoming the 0th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 0th most imported product in Somalia. Somalia imports Precious Stones primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2022)$240k
IMPORTS (2019)$526
NET TRADE (2022)$240k

In 2022, Somalia exported $240k in Precious Stones. The main destinations of Somalia exports on Precious Stones were China ($234k), Netherlands ($3.57k), India ($1.29k), Armenia ($767), and Sweden ($97).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Somalia WERE (2021 - 2022):
China$4.87k (2.13%)
Netherlands$3.57k (1%)
Armenia$767 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Somalia WERE (2021 - 2022):
India-$15k (-92.1%)
Austria-$3.22k (-100%)
Turkey-$2.42k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $380k
TOP IMPORT POTENTIALIndia+ $418

Precious Stones’s highest export potential is China. With an export gap of $380k.   Precious Stones’s highest import potential is India with an import gap of $418.

See methodology.

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