Balance of Trade in Somalia decreased to -3190.50 USD Million in 2019 from -2935.92 USD Million in 2018. source: International Trade Centre

Balance of Trade in Somalia averaged -1048.70 USD Million from 1998 until 2019, reaching an all time high of -101.76 USD Million in 2003 and a record low of -3190.50 USD Million in 2019. This page provides - Somalia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia Balance of Trade - values, historical data and charts - was last updated on September of 2021.

Balance of Trade in Somalia is expected to reach -2278.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia Balance of Trade is projected to trend around -2278.00 USD Million in 2022 and -2247.00 USD Million in 2023, according to our econometric models.

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Somalia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2792.47 -3472.57 -101.76 -3472.57 1998 - 2020 USD Million Yearly

Somalia Trade Last Previous Highest Lowest Unit
Balance of Trade -2792.47 -3472.57 -101.76 -3472.57 USD Million [+]
Exports 133.67 417.97 690.82 45.29 USD Million [+]
Imports 2926.14 3890.54 3890.54 162.71 USD Million [+]
Terrorism Index 7.65 7.80 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.