2021
Exports
$2.68MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2021
Imports
$7.84MWorld Rnk 107 / 216
Flag Rnk 101 / 965

About

Imports In 2023, Somalia imported $7.84M in Seed Oils, becoming the 107th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 101st most imported product in Somalia. Somalia imports Seed Oils primarily from: Turkey ($6.28M), Oman ($711k), Djibouti ($392k), Spain ($169k), and Ukraine ($142k).

The fastest growing import markets in Seed Oils for Somalia between 2022 and 2023 were Oman ($533k) and United Arab Emirates ($46.9k).

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 Seed Oils. 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 (2021)$2.68M
IMPORTS (2023)$7.84M
NET TRADE (2023)-$7.84M

In 2023, Somalia imported $7.84M in Seed Oils, mainly from Turkey ($6.28M), Oman ($711k), Djibouti ($392k), Spain ($169k), and Ukraine ($142k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Somalia's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $774
TOP IMPORT POTENTIALSpain+ $205k

Seed Oils’s highest export potential is India. With an export gap of $774.   Seed Oils’s highest import potential is Spain with an import gap of $205k.

See methodology.

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