Somalia recorded a trade deficit of 2148.66 USD Million in 2017. Balance of Trade in Somalia averaged -808.89 USD Million from 1998 until 2017, reaching an all time high of -101.76 USD Million in 2003 and a record low of -2148.66 USD Million in 2017.

Balance of Trade in Somalia is expected to be -1429.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia Balance of Trade is projected to trend around -1554.00 USD Million in 2020, according to our econometric models.

Somalia Balance of Trade
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Somalia Trade Last Previous Highest Lowest Unit
Balance of Trade -2148.66 -2092.48 -101.76 -2148.66 USD Million [+]
Imports 2406.11 2719.73 2719.73 162.71 USD Million [+]
Exports 257.45 627.25 690.02 45.29 USD Million [+]
Terrorism Index 8.02 7.65 8.02 3.14 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Somalia Balance of Trade

Somalia’s systemic trade deficit is the result of the country’s dependency on imports of food, fuel, construction materials and manufactured goods. Main exports are: livestock, bananas, skins, fish, charcoal and scrap metal. Somalia main trading partners are the United Arab Emirates, Yemen and Oman. This page provides - Somalia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2148.66 -2092.48 -101.76 -2148.66 1998 - 2017 USD Million Yearly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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