Somalia

Compare Somalia →

SO · SOM · BACI 706 · latest data 2024

Exports

$512M USD, nominal · 2024

= $512 M14.1% over 5 yrs (down)

Imports

$3.2B USD, nominal · 2024

= $3,201 M22.6% over 5 yrs (down)

Trade balancedeficit

−$2.7B USD, nominal · 2024

= −$2,689 M

Total trade

$3.7B USD, nominal · 2024

= $3,713 M21.5% over 5 yrs (down)

World position: #165 of 225 exporters · bottom half · #154 of 225 importers · bottom half · 2024
World export share since 1995: ±0.0 pp

Trade timeline

Somalia's exports grew from $131M in 1995 to $512M in 2024; the 2024 balance was −$2.7B.

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Exports, imports, trade balance and total trade of Somalia per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$131 M	$82 M	$49 M	$213 M
1996	$141 M	$101 M	$40 M	$242 M
1997	$40 M	$113 M	−$73 M	$153 M
1998	$59 M	$135 M	−$76 M	$194 M
1999	$53 M	$147 M	−$94 M	$200 M
2000	$85 M	$192 M	−$107 M	$278 M
2001	$44 M	$160 M	−$115 M	$204 M
2002	$78 M	$188 M	−$110 M	$267 M
2003	$108 M	$204 M	−$96 M	$311 M
2004	$115 M	$265 M	−$150 M	$379 M
2005	$198 M	$503 M	−$305 M	$701 M
2006	$154 M	$405 M	−$251 M	$559 M
2007	$233 M	$711 M	−$479 M	$944 M
2008	$189 M	$868 M	−$680 M	$1,057 M
2009	$172 M	$676 M	−$504 M	$848 M
2010	$294 M	$690 M	−$396 M	$984 M
2011	$392 M	$764 M	−$372 M	$1,156 M
2012	$488 M	$1,664 M	−$1,176 M	$2,153 M
2013	$624 M	$2,014 M	−$1,390 M	$2,638 M
2014	$712 M	$1,761 M	−$1,048 M	$2,473 M
2015	$683 M	$2,214 M	−$1,531 M	$2,896 M
2016	$633 M	$2,612 M	−$1,979 M	$3,245 M
2017	$427 M	$3,031 M	−$2,604 M	$3,458 M
2018	$490 M	$3,471 M	−$2,981 M	$3,961 M
2019	$596 M	$4,135 M	−$3,538 M	$4,731 M
2020	$471 M	$4,406 M	−$3,935 M	$4,877 M
2021	$515 M	$5,123 M	−$4,608 M	$5,638 M
2022	$732 M	$5,796 M	−$5,064 M	$6,528 M
2023	$1,029 M	$5,218 M	−$4,189 M	$6,248 M
2024	$512 M	$3,201 M	−$2,689 M	$3,713 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.0% in 2024; export rank #155 → #165.

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World export and import share in percent, and world ranks, of Somalia per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.00%	0.00%	#155	#182
1996	0.00%	0.00%	#158	#182
1997	0.00%	0.00%	#182	#182
1998	0.00%	0.00%	#177	#176
1999	0.00%	0.00%	#180	#180
2000	0.00%	0.00%	#178	#180
2001	0.00%	0.00%	#189	#187
2002	0.00%	0.00%	#177	#185
2003	0.00%	0.00%	#175	#184
2004	0.00%	0.00%	#179	#182
2005	0.00%	0.00%	#175	#176
2006	0.00%	0.00%	#183	#180
2007	0.00%	0.01%	#176	#178
2008	0.00%	0.01%	#184	#178
2009	0.00%	0.01%	#180	#179
2010	0.00%	0.00%	#177	#183
2011	0.00%	0.00%	#176	#184
2012	0.00%	0.01%	#175	#172
2013	0.00%	0.01%	#170	#166
2014	0.00%	0.01%	#166	#172
2015	0.00%	0.01%	#164	#162
2016	0.00%	0.02%	#168	#155
2017	0.00%	0.02%	#172	#154
2018	0.00%	0.02%	#169	#151
2019	0.00%	0.02%	#165	#146
2020	0.00%	0.03%	#168	#141
2021	0.00%	0.02%	#168	#141
2022	0.00%	0.02%	#167	#142
2023	0.00%	0.02%	#160	#144
2024	0.00%	0.01%	#165	#154

30 rows

Trading partners

China was Somalia's top trading partner in 2024, at 26.2% of total trade; the top five partners covered 73.4%.

Year

Top partner share: 26.2%
Top-5 share: 73.4%
Partners: 100
Partner HHI (0–1): 0.147

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Saudi Arabia $352M

India $35M

Türkiye $21M

Egypt $5M

Kenya $4M

China $3M

Germany $3M

United States $3M

Pakistan $2M

Malaysia $1M

United Kingdom $0M

Italy $0M

Slovenia $0M

Indonesia $0M

Brazil $0M

View partner table

Top partners of Somalia in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$3 M	$968 M	$972 M	−$965 M
#2	India	$35 M	$803 M	$838 M	−$769 M
#3	Saudi Arabia	$352 M	$31 M	$383 M	$321 M
#4	Türkiye	$21 M	$356 M	$377 M	−$335 M
#5	Brazil	$0 M	$154 M	$154 M	−$154 M
#6	Kenya	$4 M	$130 M	$134 M	−$126 M
#7	Egypt	$5 M	$123 M	$128 M	−$118 M
#8	Indonesia	$0 M	$99 M	$99 M	−$98 M
#9	Malaysia	$1 M	$97 M	$98 M	−$96 M
#10	Pakistan	$2 M	$91 M	$92 M	−$89 M
#11	United States	$3 M	$39 M	$42 M	−$37 M
#12	United Kingdom	$0 M	$34 M	$35 M	−$34 M
#13	Slovenia	$0 M	$31 M	$31 M	−$31 M
#14	Italy	$0 M	$28 M	$28 M	−$28 M
#15	Germany	$3 M	$25 M	$28 M	−$23 M

15 rows

Products & sectors

Product composition of Somalia's trade in 2024.

Year

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Concentration & risk

Somalia's export partners diversified over 1995–2024 — HHI 0.594 → 0.484, a concentrated export base across 91 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Somalia per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.594	0.089	42	36
1996	0.514	0.171	43	40
1997	0.399	0.172	44	49
1998	0.333	0.156	50	48
1999	0.491	0.122	54	52
2000	0.515	0.092	63	62
2001	0.098	0.094	67	56
2002	0.161	0.109	76	63
2003	0.209	0.153	79	58
2004	0.284	0.103	79	53
2005	0.245	0.206	74	63
2006	0.215	0.137	79	64
2007	0.184	0.199	86	66
2008	0.197	0.127	83	65
2009	0.261	0.110	76	60
2010	0.294	0.111	83	67
2011	0.372	0.101	77	65
2012	0.278	0.284	80	72
2013	0.289	0.186	81	72
2014	0.227	0.131	83	78
2015	0.296	0.131	91	86
2016	0.308	0.126	84	86
2017	0.233	0.114	94	87
2018	0.203	0.148	102	85
2019	0.209	0.146	95	90
2020	0.253	0.155	93	85
2021	0.217	0.159	103	98
2022	0.247	0.173	100	87
2023	0.236	0.159	92	83
2024	0.484	0.176	91	76

30 rows

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