Chinese Taipei (TWN) and Somalia (SOM) Trade | The Observatory of Economic Complexity

About

Chinese Taipei-Somalia Trade: In 2022, Chinese Taipei exported $6.68M to Somalia. The main products that Chinese Taipei exported to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.38M), Rice ($355k), and Forging Machines ($241k). Over the past 5 years the exports of Chinese Taipei to Somalia have increased at an annualized rate of 43.7%, from $1.09M in 2017 to $6.68M in 2022.

In 2022, Chinese Taipei did not export any services to Somalia.

Somalia-Chinese Taipei Trade: In 2022, Somalia exported $63k to Chinese Taipei. The main products that Somalia exported to Chinese Taipei were Insect Resins ($35.8k), Essential Oils ($23.9k), and Shaving Products ($1.55k). Over the past 5 years the exports of Somalia to Chinese Taipei have decreased at an annualized rate of 13.9%, from $133k in 2017 to $63k in 2022.

In 2022, Somalia did not export any services to Chinese Taipei.

Comparison In 2022, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Chinese Taipei exported $6.68M to Somalia. The main products exported from Chinese Taipei to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.38M), Rice ($355k), and Forging Machines ($241k). During the last 5 years the exports of Chinese Taipei to Somalia have increased at an annualized rate of 43.7%, from $1.09M in 2017 to $6.68M in 2022.

In 2017, Somalia exported $63k to Chinese Taipei. The main products exported from Somalia to Chinese Taipei were Insect Resins ($35.8k), Essential Oils ($23.9k), and Shaving Products ($1.55k). During the last 5 years the exports of Somalia to Chinese Taipei have decreased at an annualized rate of 13.9%, from $133k in 2022 to $63k in 2017.

Exports from Chinese Taipei () to Somalia () (2022)

Exports from Somalia () to Chinese Taipei () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Chinese Taipei
Top DestinationChina$121B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Chinese Taipei than Somalia included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

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

Difference in imports from Somalia () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Chinese Taipei had a large net trade with Somalia in the exports of Chemical Products ($4.57M), Machines ($595k), and Textiles ($493k).

During 2017, Somalia had a large net trade with Chinese Taipei in the exports of Vegetable Products ($35.8k), Chemical Products ($25.4k), and Arts and Antiques ($1.51k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Chinese Taipei () to Somalia () (2022)

Exports from Somalia () to Chinese Taipei () (2022)

Market Competitiveness

Difference in imports from Somalia () and Chinese Taipei () (2022)

Comparative Advantage Chinese Taipei - Somalia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Chinese Taipei () and Somalia () (2022)

Keep Exploring