Somalia recorded a trade deficit of 2852.50 USD Million in 2018. Balance of Trade in Somalia averaged -945.11 USD Million from 1998 until 2018, reaching an all time high of -101.76 USD Million in 2003 and a record low of -2938.60 USD Million in 2017.

Balance of Trade in Somalia is expected to be -2258.09 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 -2246.53 USD Million in 2020, according to our econometric models.

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Somalia Balance of Trade
Somalia Trade Last Previous Highest Lowest Unit
Balance of Trade -2852.50 -2938.60 -101.76 -2938.60 USD Million [+]
Imports 3197.73 3334.37 3334.37 162.71 USD Million [+]
Exports 345.20 395.77 691.27 45.29 USD Million [+]
Terrorism Index 8.02 7.65 8.02 3.14 [+]


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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2852.50 -2938.60 -101.76 -2938.60 1998 - 2018 USD Million Yearly




Country Last Previous
Argentina 1744.00 Sep/19 1168
Australia 7180.00 Sep/19 6617
Brazil 1206.00 Oct/19 2246
Canada -978.00 Sep/19 -1235
China 428.09 Oct/19 392
Euro Area 14702.40 Aug/19 24528
France -5551.00 Sep/19 -5436
Germany 21138.00 Sep/19 16448
India -10860.00 Sep/19 -13450
Indonesia 161.30 Oct/19 -164
Italy 2779.30 Sep/19 2598
Japan -122.98 Sep/19 -144
Mexico -116.00 Sep/19 775
Netherlands 5310.00 Sep/19 3807
Russia 14150.00 Sep/19 12010
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3833.90 Sep/19 3772
South Africa 5160.00 Sep/19 4542
South Korea 5393.00 Oct/19 5982
Spain -3984900.00 Aug/19 -2486462
Switzerland 2881.00 Sep/19 1111
Turkey -2055.51 Sep/19 -2518
United Kingdom -3360.00 Sep/19 -1760
United States -52450.00 Sep/19 -55036


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