Thailand-Somalia Bilateral Trade Analysis 2023
Complete trade statistics: $21.37M total volume •Thailand surplus: $21.37M
Thailand → Somalia
$21.37M
Exports (2023)
Somalia → Thailand
$0
Imports (2023)
Trade Balance
$21.37M
Surplus for Thailand
Total Trade
$21.37M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Somalia. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Somalia commercial relationship and competitive positioning in global markets.
Thailand → Somalia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Somalia demonstrates strategic specialization, with fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) representing a key competitive advantage in this bilateral market.
Somalia → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Somalia reveals significant dependencyin molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingfish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) to Somalia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $21.37M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Thailand-Somalia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $21.37 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $21.37 million
- Export Focus: Thailand's primary exports include fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), ethylene polymers: sacks and bags (including cones), for the conveyance or packing of goods, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
- Import Dependencies: Key imports from Somalia include molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen, crustaceans: live, fresh or chilled, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, crustaceans: live, fresh or chilled, crabs, whether in shell or not
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 $21.37M 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 Thailand leveraging its comparative advantages in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced).
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
Thailand's specialization in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)complements Somalia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $21.37M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $21.37M 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 $21.37 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) and molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $21.37 million strengthens 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 Thailand and Somalia represents a total trade volume of $21.37 million in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $21.37 million.
Export Strengths
Thailand's exports to Somalia total $21.37 million, with competitive advantages in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), representing $12.63M or59.1% of bilateral exports.
Import Dependencies
Imports from Somalia amount to $0.00, highlighting economic interdependence in molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen, with Molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Thailand's competitive position in this bilateral relationship. 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 Thailand and Somalia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023