Somalia: Exports, billion dollars
* indicates monthly or quarterly data series
| Somalia |
Exports of goods and services, billion USD |
|---|---|
| Latest value | 2.09 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1960 - 2023 |
| Average | 0.39 |
| Min - Max | 0.02 - 2.09 |
| Source | The World Bank |
The latest value from 2023 is 2.09 billion U.S. dollars, an increase from 1.8 billion U.S. dollars in 2022. In comparison, the world average is 179.17 billion U.S. dollars, based on data from 138 countries. Historically, the average for Somalia from 1960 to 2023 is 0.39 billion U.S. dollars. The minimum value, 0.02 billion U.S. dollars, was reached in 1960 while the maximum of 2.09 billion U.S. dollars was recorded in 2023.
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* indicates monthly or quarterly data series
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Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 121.58 | 2021 | percent |
| Trade openness | 94.58 | 2023 | percent |
| Financial openness | -1.931 | 2007 | index points |
| Exports, percent of GDP | 17.89 | 2023 | percent |
| Exports, billion dollars | 2.09 | 2023 | billion U.S. dollars |
| Growth of exports | 5.95 | 2023 | percent |
| Imports, percent of GDP | 76.69 | 2023 | percent |
| Imports, billion dollars | 8.96 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 6.10 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.64 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1989 | million dollars (current) |
| Current account, percent of GDP | -12.40 | 2023 | percent |
| Trade balance, percent of GDP | -61.21 | 2022 | percent |
| Reserves | 0.02 | 1989 | billion U.S. dollars |
| Remittances, percent of GDP | 14.85 | 2023 | percent |
| Remittances | 1,735.00 | 2023 | million U.S. dollars |
| External debt | 40.14 | 2022 | percent |
| Short-term external debt | 28.30 | 2022 | percent |
| Short-term debt to reserves | 842.53 | 1989 | percent |