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Pricing

2022
Flag → Flag
Exports $83.8MRnk 164 / 219
2022
Flag → Flag
Top Product $17.8MWheat
2022
Flag → Flag
Exports $477kRnk 31 / 95
2022
Flag → Flag
Top Product $180kOther Pure Vegetable Oils
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

United States-Somalia Trade: In 2022, United States exported $83.8M to Somalia. The main products that United States exported to Somalia were Wheat ($17.8M), Sorghum ($12.4M), and Other Edible Preparations ($10.1M). Over the past 5 years the exports of United States to Somalia have increased at an annualized rate of 4.68%, from $66.7M in 2017 to $83.8M in 2022.

In 2022, United States did not export any services to Somalia.

Somalia-United States Trade: In 2022, Somalia exported $477k to United States. The main products that Somalia exported to United States were Other Pure Vegetable Oils ($180k), Insect Resins ($139k), and Jewellery ($76.7k). Over the past 5 years the exports of Somalia to United States have decreased at an annualized rate of 13.7%,  from $995k in 2017 to $477k in 2022.

In 2022, Somalia did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Somalia to the United States. Conversely, were notable for importing products to Somalia from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $7.42M and imported $88.4k from Somalia, resulting in a positive trade balance of $7.33M. Between June 2023 and June 2024 the exports of United States have decreased by $-550k (-6.9%) from $7.97M to $7.42M, while imports decreased by $-246k (-73.5%) from $334k to $88.4k.

Trade In June 2024, the top exports of United States to Somalia were Poultry Meat ($155k), Telephones ($101k), Aircraft Parts ($100k), Other Plastic Products ($94.2k), and Plastic Housewares ($77.8k). In June 2024 the top imports of United States from Somalia were Commodities not elsewhere specified ($690k), Other Pure Vegetable Oils ($60.7k), Insect Resins ($18.3k), and Collector's Items ($18.1k).

Origins In June 2024 the exports of United States were mainly from Virginia ($2.66M), Texas ($1.79M), Maryland ($1.34M), California ($558k), and Rhode Island ($421k), while imports destinations were mainly Florida ($51.9k), New York ($26.1k), California ($2.9k), and Texas ($2.2k).

Growth In June 2024, the decrease in United States's year-by-year exports to Somalia was explained primarily by an decrease in product exports in Telephones ($-119k or -54.2%), Cars ($-15.5k or -70.5%), and Commodities not elsewhere specified ($-1.63k or -16.2%). In June 2024, the decrease in United States's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in Insect Resins ($-53.9k or -74.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-550k(-6.9%)
IMPORT GROWTH (June 2023 - June 2024)$-246k(-73.5%)
MAIN EXPORTER (June 2024)Virginia$2.66M

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

To check Somalia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $83.8M to Somalia. The main products exported from United States to Somalia were Wheat ($17.8M), Sorghum ($12.4M), and Other Edible Preparations ($10.1M). During the last 5 years the exports of United States to Somalia have increased at an annualized rate of 4.68%, from $66.7M in 2017 to $83.8M in 2022.

In 2017, Somalia exported $477k to United States. The main products exported from Somalia to United States were Other Pure Vegetable Oils ($180k), Insect Resins ($139k), and Jewellery ($76.7k). During the last 5 years the exports of Somalia to United States have decreased at an annualized rate of 13.7%, from $995k in 2022 to $477k in 2017.

Exports from United States (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Somalia
Top DestinationUnited Arab Emirates$283M

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

In 2022, countries that imported more from United States than Somalia included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Somalia (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Somalia

Flow
Scale

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

During 2022, United States had a large net trade with Somalia in the exports of Vegetable Products ($36.6M), Foodstuffs ($10.3M), and Transportation ($8.44M).

During 2017, Somalia had a large net trade with United States in the exports of Animal and Vegetable Bi-Products ($180k), Vegetable Products ($154k), and Precious Metals ($79.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Somalia+$4.28MTelephones
Top Product Potential Somalia United States+$395kInsect Resins

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

Product Space of United States (Flag) and Somalia (Flag) (2022)

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