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Pricing

2022
Flag → Flag
Exports $2.8MRnk 157 / 217
2022
Flag → Flag
Top Product $1.4MSpecial purpose motor vehicles
2022
Flag → Flag
Exports $16.6kRnk 60 / 95
2022
Flag → Flag
Top Product $12.8kOther Pure Vegetable Oils
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Austria-Somalia Trade: In 2022, Austria exported $2.8M to Somalia. The main products that Austria exported to Somalia were Special purpose motor vehicles ($1.4M), Sawn Wood ($710k), and Chemical Analysis Instruments ($80.7k). Over the past 5 years the exports of Austria to Somalia have increased at an annualized rate of 25.9%, from $884k in 2017 to $2.8M in 2022.

In 2022, Austria did not export any services to Somalia.

Somalia-Austria Trade: In 2022, Somalia exported $16.6k to Austria. The main products that Somalia exported to Austria were Other Pure Vegetable Oils ($12.8k), Essential Oils ($3.46k), and Ceramic Tableware ($366). Over the past 5 years the exports of Somalia to Austria have decreased at an annualized rate of 27.2%,  from $81.1k in 2017 to $16.6k in 2022.

In 2022, Somalia did not export any services to Austria.

Comparison In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5),  and 32 in total exports ($209B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $2.8M to Somalia. The main products exported from Austria to Somalia were Special purpose motor vehicles ($1.4M), Sawn Wood ($710k), and Chemical Analysis Instruments ($80.7k). During the last 5 years the exports of Austria to Somalia have increased at an annualized rate of 25.9%, from $884k in 2017 to $2.8M in 2022.

In 2017, Somalia exported $16.6k to Austria. The main products exported from Somalia to Austria were Other Pure Vegetable Oils ($12.8k), Essential Oils ($3.46k), and Ceramic Tableware ($366). During the last 5 years the exports of Somalia to Austria have decreased at an annualized rate of 27.2%, from $81.1k in 2022 to $16.6k in 2017.

Exports from Austria (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Austria (Flag) (2022)

Latest Data

Trade between Austria (Flag) and Somalia (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$57.7B
Somalia
Top DestinationUnited Arab Emirates$283M

This map shows whether countries import more from Austria or Somalia. Each country is colored based on the difference in imports they receive from Austria and Somalia or the difference in the growth in imports.

In 2022, countries that imported more from Austria than Somalia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Somalia than Austria included Oman ($173M).

Difference in imports from Somalia (Flag) and Austria (Flag) (2022)

Comparative Advantage Austria - Somalia

Flow
Scale

This chart compares trade between Austria and Somalia by product, considering products traded by both, Austria and Somalia.

During 2022, Austria had a large net trade with Somalia in the exports of Transportation ($1.4M), Wood Products ($713k), and Machines ($259k).

During 2017, Somalia had a large net trade with Austria in the exports of Animal and Vegetable Bi-Products ($12.8k), Chemical Products ($3.47k), and Stone And Glass ($366).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Somalia+$527kSawn Wood
Top Product Potential Somalia Austria+$17.8kOther Pure Vegetable Oils

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Somalia. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Somalia (Flag) (2022)

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