2023
Exports
$155kWorld Rnk 125 / 170
Flag Rnk 45 / 348
2023
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.34Rnk 913 / 1025
2023
Imports
$61.9MWorld Rnk 79 / 220
Flag Rnk 19 / 965

About

Exports In 2023, Somalia exported $155k in Raw Iron Bars, making it the 125th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 45th most exported product in Somalia. The main destination of Raw Iron Bars exports from Somalia are: Djibouti ($155k).

The fastest growing export markets for Raw Iron Bars of Somalia between N/A and 2023 were Djibouti ($155k).

Imports In 2023, Somalia imported $61.9M in Raw Iron Bars, becoming the 79th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 19th most imported product in Somalia. Somalia imports Raw Iron Bars primarily from: Turkey ($31.8M), Oman ($19.6M), United Arab Emirates ($8.82M), China ($671k), and India ($647k).

The fastest growing import markets in Raw Iron Bars for Somalia between 2022 and 2023 were Oman ($19.3M), India ($636k), and Djibouti ($17.6k).

Latest Trends

Jan 2025

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 Raw Iron Bars. 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)$155k
IMPORTS (2023)$61.9M
NET TRADE (2023)-$61.7M

In 2023, Somalia exported $155k in Raw Iron Bars. The main destinations of Somalia exports on Raw Iron Bars were Djibouti ($155k).

In 2023, Somalia imported $61.9M in Raw Iron Bars, mainly from Turkey ($31.8M), Oman ($19.6M), United Arab Emirates ($8.82M), China ($671k), and India ($647k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Somalia WERE (N/A - 2023):Djibouti$155k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Somalia's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $665
TOP IMPORT POTENTIALChina+ $940k

Raw Iron Bars’s highest export potential is United States. With an export gap of $665.   Raw Iron Bars’s highest import potential is China with an import gap of $940k.

See methodology.

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