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2022
Flag → Flag
Exports $912MRnk 66 / 217
2022
Flag → Flag
Top Product $378MRaw Sugar
2022
Flag → Flag
Exports $15.6MRnk 4 / 95
2022
Flag → Flag
Top Product $7.79MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

India-Somalia Trade: In 2022, India exported $912M to Somalia. The main products that India exported to Somalia were Raw Sugar ($378M), Rice ($182M), and Wheat Flours ($47.8M). Over the past 5 years the exports of India to Somalia have increased at an annualized rate of 14.3%, from $467M in 2017 to $912M in 2022.

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

Somalia-India Trade: In 2022, Somalia exported $15.6M to India. The main products that Somalia exported to India were Scrap Iron ($7.79M), Scrap Copper ($2.51M), and Industrial Fatty Acids, Oils and Alcohols ($1.81M). Over the past 5 years the exports of Somalia to India have increased at an annualized rate of 32.3%,  from $3.86M in 2017 to $15.6M in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, India exported $60.2M and imported $2.09M from Somalia, resulting in a positive trade balance of $58.1M. Between June 2023 and June 2024 the exports of India have increased by $12.5M (26.3%) from $47.6M to $60.2M, while imports increased by $768k (58%) from $1.32M to $2.09M.

Trade In June 2024, the top exports of India to Somalia were Sugar ($40.9M), Motor Vehicle/Cars ($6.66M), Rice(Other Than Basmoti) ($3.28M), Footwear Of Rubber/Canvas Etc. ($2.37M), and Drug Formulations, Biologicals ($2.19M). In June 2024 the top imports of India from Somalia were Iron And Steel ($857k), Other Commodities ($207k), Lead And Products Made Of Led ($165k), Copper And Prdcts Made Of Copr ($108k), and Aluminium, Products Of Aluminm ($22.2k).

Growth In June 2024, the increase in India's year-by-year exports to Somalia was explained primarily by an increase in product exports in Sugar ($9.44M or 30%), Motor Vehicle/Cars ($4.37M or 191%), and Misc Processed Items ($1.06M or 144%). In June 2024, the increase in India's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)$12.5M(26.3%)
IMPORT GROWTH (June 2023 - June 2024)$768k(58%)

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

To check Somalia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $912M to Somalia. The main products exported from India to Somalia were Raw Sugar ($378M), Rice ($182M), and Wheat Flours ($47.8M). During the last 5 years the exports of India to Somalia have increased at an annualized rate of 14.3%, from $467M in 2017 to $912M in 2022.

In 2017, Somalia exported $15.6M to India. The main products exported from Somalia to India were Scrap Iron ($7.79M), Scrap Copper ($2.51M), and Industrial Fatty Acids, Oils and Alcohols ($1.81M). During the last 5 years the exports of Somalia to India have increased at an annualized rate of 32.3%, from $3.86M in 2022 to $15.6M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from India than Somalia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Somalia

Flow
Scale

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

During 2022, India had a large net trade with Somalia in the exports of Foodstuffs ($407M), Vegetable Products ($235M), and Transportation ($57.2M).

During 2017, Somalia had a large net trade with India in the exports of Metals ($11.7M), Chemical Products ($1.81M), and Vegetable Products ($1.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Somalia+$9.96MPackaged Medicaments
Top Product Potential Somalia India+$6.56MScrap Iron

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

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

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