Somalia recorded a trade deficit of 2651.97 USD Million in 2024. Balance of Trade in Somalia averaged -1633.90 USD Million from 1998 until 2024, reaching an all time high of -98.83 USD Million in 2003 and a record low of -5072.43 USD Million in 2022. source: International Trade Centre



Related Last Previous Unit Reference
Balance of Trade -2651.97 -4248.77 USD Million Dec 2024
Exports 448.19 1049.48 USD Million Dec 2024
Imports 3100.16 5298.25 USD Million Dec 2024
Terrorism Index 7.61 7.81 Points Dec 2024



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.
Actual Previous Highest Lowest Dates Unit Frequency
-2651.97 -4248.77 -98.83 -5072.43 1998 - 2024 USD Million Yearly