China / Somalia

Overview In September 2024, China exported $73.1M and imported $215k from Somalia, resulting in a positive trade balance of $72.9M. Between September 2023 and September 2024 the exports of China have decreased by $-9.25M (-11.2%) from $82.4M to $73.1M, while imports decreased by $-297k (-58%) from $511k to $215k.

Trade In September 2024, the top exports of China to Somalia were Woven Fabric of Synthetic Staple Fibers ($11.2M), Coated Flat-Rolled Iron ($10.1M), Rubber Footwear ($3.6M), Synthetic Filament Yarn Woven Fabric ($3.29M), and Other Small Iron Pipes ($3.05M). In September 2024 the top imports of China from Somalia were Molluscs ($472k), Insect Resins ($151k), Motor vehicles; parts and accessories (8701... ($15.9k), Other Rubber Products ($3.7k), and Commodities not elsewhere specified ($1.45k).

Origins In September 2024 the exports of China were mainly from Zhejiang Province ($23.3M), Shandong Province ($13.6M), Jiangsu Province ($12.3M), Guangdong Province ($7M), and Gansu Province ($2.47M), while imports destinations were mainly Anhui Province ($111k), Hebei Province ($31.3k), Liaoning Province ($26.7k), Heilongjiang Province ($22.4k), and Fujian Province ($8.86k).

Growth In September 2024, the decrease in China's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Other Furniture ($-3.8M or -62.6%), Synthetic Filament Yarn Woven Fabric ($-1.61M or -32.8%), and Packaged Medicaments ($-1.34M or -61.8%). In September 2024, the decrease in China's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Molluscs ($-137k or -22.5%), Aircraft parts including unmanned craft ($-905 or -43.5%), and Commodities not elsewhere specified ($-830 or -36.4%).