United States (USA) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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United States (USA) and Somalia (SOM) Trade

2022

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Exports $83.8MRnk 164 / 219

2022

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Exports $477kRnk 31 / 95

2022

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Top Product $180kOther Pure Vegetable Oils

2022

Economic Complexity (ECI) ECI 1.47Rnk 10 / 133

2022

GDP$25.5TCURRENT US$
Rnk 1 / 186

2012-2022

GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186

2022

GDP$8.13BCURRENT US$
Rnk 148 / 186

2012-2022

GDP GROWTH0%CURRENT US$
Rnk 165 / 186

2022

GDP PC $76,399CURRENT US$
Rnk 8 / 186

2012-2022

GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

2022

GDP PC$462CURRENT US$
Rnk 183 / 186

2012-2022

GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

Image 1

Image by Aurelien Guichard
Link: https://flic.kr/p/8CZkZ7

Image 2

Image by AMISOM Public Information
Link: https://flic.kr/p/cMaH8S

Latest Trends
Historical Data
Potential Exports
Economic Complexity

About

United States-Somalia Trade: In 2022, United States exported $83.8M to Somalia. The main products that United States exported to Somalia were N/A. Over the past 5 years the exports of United States to Somalia have increased at an annualized rate of 4.68%, from $66.7M in 2017 to $83.8M in 2022.

In 2022, United States did not export any services to Somalia.

Somalia-United States Trade: In 2022, Somalia exported $477k to United States. The main products that Somalia exported to United States were Other Pure Vegetable Oils ($180k), Insect Resins ($139k), and Jewellery ($76.7k). Over the past 5 years the exports of Somalia to United States have decreased at an annualized rate of 13.7%, from $995k in 2017 to $477k in 2022.

In 2022, Somalia did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Somalia to the United States. Conversely, were notable for importing products to Somalia from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $5.44M and imported $206k from Somalia, resulting in a positive trade balance of $5.23M. Between August 2023 and August 2024 the exports of United States have decreased by $-324k (-5.63%) from $5.76M to $5.44M, while imports increased by $183k (785%) from $23.3k to $206k.

Trade In August 2024, the top exports of United States to Somalia were Poultry Meat ($155k), Telephones ($101k), Aircraft Parts ($100k), Other Plastic Products ($94.2k), and Plastic Housewares ($77.8k). In August 2024 the top imports of United States from Somalia were Commodities not elsewhere specified ($690k), Other Pure Vegetable Oils ($60.7k), Insect Resins ($18.3k), and Collector's Items ($18.1k).

Origins In August 2024 the exports of United States were mainly from Maryland ($1.71M), Pennsylvania ($1.55M), Wyoming ($750k), Texas ($486k), and Mississippi ($294k), while imports destinations were mainly Illinois ($69.5k), Texas ($60.2k), Oregon ($49.5k), Virginia ($17.6k), and California ($8.88k).

Growth In August 2024, the decrease in United States's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Telephones ($-119k or -54.2%), Cars ($-15.5k or -70.5%), and Commodities not elsewhere specified ($-1.63k or -16.2%). In August 2024, the increase in United States's year-by-year imports from Somalia was explained primarily by an increase in product imports in Commodities not elsewhere specified ($687k or 31.6k%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-324k(-5.63%)

IMPORT GROWTH (August 2023 - August 2024)$183k(785%)

MAIN EXPORTER (August 2024)Maryland$1.71M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Somalia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and United States Data

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Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from United States than Somalia included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Somalia () and United States () (2022)

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Somalia+$4.28MTelephones

Top Product Potential Somalia United States+$395kInsect Resins

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

Product Space of United States () and Somalia () (NaN)

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