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Somalia is the 170th largest export economy in the world. In 2016, Somalia exported $333M and imported $2.22B, resulting in a negative trade balance of $1.89B. In 2016 the GDP of Somalia was $6.22B and its GDP per capita was $434.

The top exports of Somalia are Sheep and Goats ($106M), Gold ($58.6M), Bovine ($45.5M), Other Oily Seeds ($25.5M) and Integrated Circuits ($17.7M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Raw Sugar ($310M), Rice ($128M), Rubber Footwear ($97.6M), Palm Oil ($89.5M) and Wheat Flours ($87.4M).

The top export destinations of Somalia are Oman ($149M), the United Arab Emirates ($73M), Hong Kong ($19.4M), India ($16.7M) and Belarus ($13.2M). The top import origins are the United Arab Emirates ($532M), India ($501M), China ($391M), Oman ($175M) and Turkey ($115M).

Somalia borders Djibouti, Ethiopia and Kenya by land and Yemen by sea.

Economic Complexity of Somalia

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