2022
Flag  
GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
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GDP PC 
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186
2022
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GDP PC
$462CURRENT US$
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2012-2022
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GDP PC GROWTH
0%CURRENT US$
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About

Saudi Arabia-Somalia Trade: In 2021, Saudi Arabia exported $45M to Somalia. The main products that Saudi Arabia exported to Somalia were N/A. Over the past 5 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 3.64%, from $37.6M in 2016 to $45M in 2021.

In 2021, Saudi Arabia did not export any services to Somalia.

Somalia-Saudi Arabia Trade: In 2021, Somalia exported $45.3M to Saudi Arabia. The main products that Somalia exported to Saudi Arabia were N/A. Over the past 5 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 31.7%,  from $306M in 2016 to $45.3M in 2021.

In 2021, Somalia did not export any services to Saudi Arabia.

Comparison In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78),  and 23 in total exports ($362B). 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
Value

In 2021, Saudi Arabia exported $45M to Somalia. There were not main exports from Saudi Arabia to Somalia in 2021. During the last 5 years the exports of Saudi Arabia to Somalia have increased at an annualized rate of 3.64%, from $37.6M in 2016 to $45M in 2021.

In 2016, Somalia exported $45.3M to Saudi Arabia. There were not main exports from Somalia to Saudi Arabia in 2016. During the last 5 years the exports of Somalia to Saudi Arabia have decreased at an annualized rate of 31.7%, from $306M in 2021 to $45.3M in 2016.

Exports from Saudi Arabia (Flag) to Somalia (Flag) (2021)

Exports from Somalia (Flag) to Saudi Arabia (Flag) (2021)

Latest Data

Trade between Saudi Arabia (Flag) and Somalia (Flag)

Saudi Arabia Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$68B
Somalia
Top Destination
United Arab Emirates$283M

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

In 2022, countries that imported more from Saudi Arabia than Somalia included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Somalia than Saudi Arabia included Israel ($13k) and Bermuda ($202).

Difference in imports from Somalia (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Somalia

Flow
Scale

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

During 2021, Saudi Arabia had a large net trade with Somalia in the exports of .

During 2016, Somalia had a large net trade with Saudi Arabia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Somalia+$4.69kRefined Petroleum
Top Product Potential Somalia Saudi Arabia+$6.45kGold

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

Product Space of Saudi Arabia (Flag) and Somalia (Flag) (2021)

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