Somalia (SOM) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Somalia-Belgium Trade: In 2022, Somalia exported $2.92k to Belgium. The main products that Somalia exported to Belgium were Audio Alarms ($845), Non-Knit Women's Shirts ($688), and Mattresses ($372). Over the past 7 years the exports of Somalia to Belgium have increased at an annualized rate of 47.7%, from $191 in 2015 to $2.92k in 2022.

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

Belgium-Somalia Trade: In 2022, Belgium exported $3.76M to Somalia. The main products that Belgium exported to Somalia were Malt Extract ($1.06M), Other Frozen Vegetables ($1.01M), and Used Clothing ($684k). Over the past 7 years the exports of Belgium to Somalia have increased at an annualized rate of 25.7%, from $1.2M in 2015 to $3.76M in 2022.

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

Comparison In 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $2.92k to Belgium. The main products exported from Somalia to Belgium were Audio Alarms ($845), Non-Knit Women's Shirts ($688), and Mattresses ($372). During the last 7 years the exports of Somalia to Belgium have increased at an annualized rate of 47.7%, from $191 in 2015 to $2.92k in 2022.

In 2017, Belgium exported $3.76M to Somalia. The main products exported from Belgium to Somalia were Malt Extract ($1.06M), Other Frozen Vegetables ($1.01M), and Used Clothing ($684k). During the last 5 years the exports of Belgium to Somalia have increased at an annualized rate of 25.7%, from $1.2M in 2022 to $3.76M in 2017.

Exports from Somalia () to Belgium () (2022)

Exports from Belgium () to Somalia () (2022)

Latest Data

Trade between Somalia () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from Somalia than from Belgium.

In 2022, countries that imported more from Belgium than Somalia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Somalia () (2022)

Comparative Advantage Somalia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Belgium in the exports of Textiles ($1.04k), Machines ($845), and Miscellaneous ($372).

During 2017, Belgium had a large net trade with Somalia in the exports of Foodstuffs ($2.23M), Textiles ($684k), and Animal Products ($276k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Belgium+$3.87kGold

Top Product Potential Belgium Somalia+$404kConcentrated Milk

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Belgium () (2022)

Exports from Belgium () to Somalia () (2022)

Latest Data

Trade between Somalia () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Somalia () (2022)

Comparative Advantage Somalia - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Belgium () (2022)

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