Sign In
Pricing

2022
Flag → Flag
Exports $4.9MRnk 153 / 215
2022
Flag → Flag
Top Product $3.25MPalm Oil
2022
Flag → Flag
Exports $51.2kRnk 49 / 95
2022
Flag → Flag
Top Product $11.9kProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Singapore-Somalia Trade: In 2022, Singapore exported $4.9M to Somalia. The main products that Singapore exported to Somalia were Palm Oil ($3.25M), Industrial Fatty Acids, Oils and Alcohols ($558k), and Malt Extract ($310k). Over the past 5 years the exports of Singapore to Somalia have increased at an annualized rate of 44.6%, from $776k in 2017 to $4.9M in 2022.

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

Somalia-Singapore Trade: In 2022, Somalia exported $51.2k to Singapore. The main products that Somalia exported to Singapore were Processed Crustaceans ($11.9k), Transmissions ($8.65k), and Essential Oils ($6.64k). Over the past 5 years the exports of Somalia to Singapore have decreased at an annualized rate of 12.8%,  from $102k in 2017 to $51.2k in 2022.

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

Comparison In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68),  and 21 in total exports ($379B). 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 2022, Singapore exported $4.9M to Somalia. The main products exported from Singapore to Somalia were Palm Oil ($3.25M), Industrial Fatty Acids, Oils and Alcohols ($558k), and Malt Extract ($310k). During the last 5 years the exports of Singapore to Somalia have increased at an annualized rate of 44.6%, from $776k in 2017 to $4.9M in 2022.

In 2017, Somalia exported $51.2k to Singapore. The main products exported from Somalia to Singapore were Processed Crustaceans ($11.9k), Transmissions ($8.65k), and Essential Oils ($6.64k). During the last 5 years the exports of Somalia to Singapore have decreased at an annualized rate of 12.8%, from $102k in 2022 to $51.2k in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Somalia (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from Singapore than Somalia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Somalia

Flow
Scale

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

During 2022, Singapore had a large net trade with Somalia in the exports of Animal and Vegetable Bi-Products ($3.25M), Chemical Products ($563k), and Foodstuffs ($559k).

During 2017, Somalia had a large net trade with Singapore in the exports of Machines ($27.5k), Foodstuffs ($11.9k), and Chemical Products ($6.74k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Somalia+$1.36MPalm Oil
Top Product Potential Somalia Singapore+$20.8kTelephones

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.

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

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms