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 June of 2022.

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



Related Last Previous Unit Reference
Balance of Trade -2792.47 -3472.57 USD Million Dec 2020
Imports 2926.14 3890.54 USD Million Dec 2020
Exports 133.67 417.97 USD Million Dec 2020

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
-2792.47 -3472.57 -101.76 -3472.57 1998 - 2020 USD Million Yearly