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Pricing

2022
Exports $183kWorld Rnk 121 / 175
Flag Rnk 30 / 317
2022
Destination $47.8k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $47.8kCanada
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $7.9kWorld Rnk 205 / 224
Flag Rnk 794 / 952
2022
Origin $2.17k Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $2.17kItaly

About

Exports In 2022, Somalia exported $183k in Processed Crustaceans, making it the 121st largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 30th most exported product in Somalia. The main destination of Processed Crustaceans exports from Somalia are: Hong Kong ($111k), Canada ($55.6k), Singapore ($11.9k), Ethiopia ($2.12k), and Tanzania ($1.68k).

The fastest growing export markets for Processed Crustaceans of Somalia between 2021 and 2022 were Canada ($47.8k), Ethiopia ($2.12k), and Tanzania ($1.68k).

Imports In 2022, Somalia imported $7.9k in Processed Crustaceans, becoming the 205th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 794th most imported product in Somalia. Somalia imports Processed Crustaceans primarily from: Netherlands ($4.85k), Italy ($2.17k), and United Arab Emirates ($880).

The fastest growing import markets in Processed Crustaceans for Somalia between 2021 and 2022 were Italy ($2.17k).

Latest Trends

Sep 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 Processed 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)$183k
IMPORTS (2022)$7.9k
NET TRADE (2022)$175k

In 2022, Somalia exported $183k in Processed Crustaceans. The main destinations of Somalia exports on Processed Crustaceans were Hong Kong ($111k), Canada ($55.6k), Singapore ($11.9k), Ethiopia ($2.12k), and Tanzania ($1.68k).

In 2022, Somalia imported $7.9k in Processed Crustaceans, mainly from Netherlands ($4.85k), Italy ($2.17k), and United Arab Emirates ($880).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Somalia WERE (2021 - 2022):
Canada$47.8k (607%)
Ethiopia$2.12k (1%)
Tanzania$1.68k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Somalia WERE (2021 - 2022):
Singapore-$98k (-89.1%)
Kenya-$21k (-100%)
Hong Kong-$4.29k (-3.71%)
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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 Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Somalia's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $34.2k
TOP IMPORT POTENTIALNetherlands+ $1.9k

Processed Crustaceans’s highest export potential is Canada. With an export gap of $34.2k.   Processed Crustaceans’s highest import potential is Netherlands with an import gap of $1.9k.

See methodology.

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