Somalia-USA Bilateral Trade Analysis 2023
Complete trade statistics: $48.74M total volume •Somalia deficit: $45.67M
Somalia → USA
$1.54M
Exports (2023)
USA → Somalia
$47.21M
Imports (2023)
Trade Balance
$45.67M
Deficit for Somalia
Total Trade
$48.74M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Somalia and USA. Green line shows exports from Somalia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Somalia-USA commercial relationship and competitive positioning in global markets.
Somalia → USA Exports
Export Market Intelligence
🎯 Strategic Export Focus
Somalia's export portfolio to USA demonstrates strategic specialization, with oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes representing a key competitive advantage in this bilateral market.
USA → Somalia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Somalia's import pattern from USA reveals significant dependencyin food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Somalia demonstrates competitive strength in exportingoils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes to USA, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $48.74M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Somalia-USA Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $48.74 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Somalia maintains a deficit of $45.67 million
- Export Focus: Somalia's primary exports include oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes, bulldozers and angledozers: self-propelled, other than track laying, vegetable oils: sesame oil and its fractions, whether or not refined, but not chemically modified
- Import Dependencies: Key imports from USA include food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901, food preparations: n.e.c. in item no. 2106.10, turbines: hydraulic turbines and water wheels, of a power not exceeding 1000kw
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $48.74M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Somalia leveraging its comparative advantages in oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Somalia's specialization in oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutescomplements USA's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $48.74M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $48.74M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $48.74 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes and food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Somalia's trade deficit of $45.67 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Somalia and USA represents a total trade volume of $48.74 million in 2023. This partnership demonstrates an unfavorable trade balance for Somalia, with imports exceeding exportsby $45.67 million.
Export Strengths
Somalia's exports to USA total $1.54 million, with competitive advantages in oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes, representing $635,238 or41.3% of bilateral exports.
Import Dependencies
Imports from USA amount to $47.21 million, highlighting economic interdependence in food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901, with Food preparations: of flour, meal, starch, malt extract or milk products, for uses n.e.c. in heading no. 1901 comprising36.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Somalia's strategic sourcing from USA. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Somalia and USA in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023