2022
Flag  
GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186

About

Malaysia-Somalia Trade: In 2022, Malaysia exported $126M to Somalia. The main products that Malaysia exported to Somalia were Palm Oil ($96.2M), Concentrated Milk ($15.1M), and Coconut Oil ($5.77M). Over the past 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 6.87%, from $90.1M in 2017 to $126M in 2022.

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

Somalia-Malaysia Trade: In 2022, Somalia exported $2.37k to Malaysia. The main products that Somalia exported to Malaysia were Iron Fasteners ($2.37k). Over the past 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 38.5%,  from $26.9k in 2017 to $2.37k in 2022.

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

Comparison In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09),  and 22 in total exports ($378B). 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, Malaysia exported $126M to Somalia. The main products exported from Malaysia to Somalia were Palm Oil ($96.2M), Concentrated Milk ($15.1M), and Coconut Oil ($5.77M). During the last 5 years the exports of Malaysia to Somalia have increased at an annualized rate of 6.87%, from $90.1M in 2017 to $126M in 2022.

In 2017, Somalia exported $2.37k to Malaysia. The main products exported from Somalia to Malaysia were Iron Fasteners ($2.37k). During the last 5 years the exports of Somalia to Malaysia have decreased at an annualized rate of 38.5%, from $26.9k in 2022 to $2.37k in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
N/AN/A
Somalia
Top Destination
N/AN/A

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

N/A

N/A

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

Comparative Advantage Malaysia - Somalia

Flow
Scale

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

During 2022, Malaysia had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($102M), Animal Products ($15.2M), and Chemical Products ($3.64M).

During 2017, Somalia had a large net trade with Malaysia in the exports of Metals ($2.37k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Somalia+$457kPlywood
Top Product Potential Somalia Malaysia+$5.31kGold

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 Malaysia and Somalia. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Malaysia.

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

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