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Pricing

2022
Flag → Flag
Exports $13kRnk 61 / 95
2022
Flag → Flag
Top Product $13kLive Fish
2022
Flag → Flag
Exports $7.13MRnk 100 / 187
2022
Flag → Flag
Top Product $2.92MCentrifuges
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186

About

Somalia-Israel Trade: In 2022, Somalia exported $13k to Israel. The main products that Somalia exported to Israel were Live Fish ($13k). Over the past 8 years the exports of Somalia to Israel have decreased at an annualized rate of 26.7%, from $156k in 2014 to $13k in 2022.

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

Israel-Somalia Trade: In 2022, Israel exported $7.13M to Somalia. The main products that Israel exported to Somalia were Centrifuges ($2.92M), Broadcasting Equipment ($2.44M), and Chemical Analysis Instruments ($690k). Over the past 8 years the exports of Israel to Somalia have increased at an annualized rate of 204%,  from $9k in 2014 to $7.13M in 2022.

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

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Somalia exported $13k to Israel. The main products exported from Somalia to Israel were Live Fish ($13k). During the last 8 years the exports of Somalia to Israel have decreased at an annualized rate of 26.7%, from $156k in 2014 to $13k in 2022.

In 2017, Israel exported $7.13M to Somalia. The main products exported from Israel to Somalia were Centrifuges ($2.92M), Broadcasting Equipment ($2.44M), and Chemical Analysis Instruments ($690k). During the last 5 years the exports of Israel to Somalia have increased at an annualized rate of 204%, from $9k in 2022 to $7.13M in 2017.

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

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

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Israel
Top DestinationUnited States$20.3B

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

In 2022, countries that imported more from Somalia than Israel included Oman ($173M), Kuwait ($13.5M), and Qatar ($8.77M).

In 2022, countries that imported more from Israel than Somalia included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Somalia - Israel

Flow
Scale

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

During 2022, Somalia had a large net trade with Israel in the exports of Animal Products ($13k).

During 2017, Israel had a large net trade with Somalia in the exports of Machines ($6.03M), Instruments ($692k), and Transportation ($313k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Israel+$3.34kGold
Top Product Potential Israel Somalia+$1.08MTelephones

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

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

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