Somalia

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Somalia

Country / Territory Brief

Somalia is an Arab LDC and a fragile state. Due to several civil wars, floods and outbreaks, Somalian economy is considered to

be one of the poorest and least developed in the World. As a fact, it is extremely vulnerable. Besides, Somalia has a lack of

natural resources and most of its mineral reservoir is unexploited.

Somalia’s private sector has grown considerably, particularly in the spheres of trade, commerce and infrastructure and number

of Somali areas have established favourable business environments that have facilitated investment in sectors including

livestock, telecommunications, and remittances. But this remains limited to address the extreme poverty facing the country and

its people.

Absence of a central government authority and inadequate government support and administration are the main challenges that

have been detrimental to Somalia’s economy, particularly to its currency. Somalia main exports are: livestock, bananas, skins,

fish, charcoal and scrap metal. Main export partners are: United Arab Emirates, Yemen and Oman.

Trade Performance

Evolution of Total Trade

Trade Map

Export and Import by Leading Destination - Export


Export and Import by Leading Destination - Import


Evolution of Exports and Imports by Destination - Export


Evolution of Exports and Imports by Destination - Import


Total Export Growth


Source: ITC, calculations based on ITC’s Trade Competitiveness Map data.

Note:Graph shows decomposition of the country’s export growth in value terms by diversification pattern over the indicated

period.

Marginal Export Growth


Source: ITC, calculations based on ITC’s Trade Competitiveness Map data.

Note:Graph shows decomposition of the country’s export growth in value by structural driving effects over the indicated period.

Values are in US$ thousands.

Evolution of FDI


Sector Trade Performance

Sectoral Diversification in Products - Export


Sectoral Diversification in Products - Import


Sectoral Diversification in Destinations - Export


Sectoral Diversification in Destinations - Import


Sectors by World Demand - Export


Sectors by World Demand - Import


Trade Performance Index


Trade Strategy and Policy

Trade Facilitation

Logistics Performance Index (LPI): Country Comparison


Source: World Bank, Logistics Performance Index (LPI)

 Logistics Performance Index – Evolution


Source: World Bank, Logistics Performance Index (LPI) Business and Regulatory Environment

Multilateral Trade Instruments

Abstract

The Trade Treaties Map tool is a web-based system on multilateral

trade treaties and instruments designed to assist trade support

institutions (TSIs) and policymakers in optimizing their country's legal

framework on international trade

Instrument

ratified : 31 / 266 instruments

Ratification

rate : 11.6%

Weighted

score : 16.6/100

Ratification

Rate Rank

Weighted

Score

Rank

In World : 190 / 193 190 /

193

In Region : Sub-

Saharan

Africa

47/ 47 47/ 47

In

Development

level :

Least

developed

country

48/ 48 48/ 48

Graph

Presents a visual illustration breaking down a country’s ratification level

according to various categories and compares it to the world average.


Instruments ratified Click here for a full list and more details about these

multi-lateral trade instruments

ITC and the Country/Territory

ITC Projects

Current projects

No Current Projects Found!

 Recent projects

No Recent Projects Found!

Events

Upcoming events

No data

Recent events

No data

ITC Contacts

Lilia NAAS HACHEM

Acting Chief, Office for Arab States

+41 22 730 0361

naas@intracen.org

Abdeslam AZUZ

Senior Trade Promotion Officer

+41 22 730 0386

azuz@intracen.org

Trade Information Sources and

Contacts

Trade Information Sources

This section provides a list of country specific print and online publications on trade-related topics, including both ITC and

external sources.

ITC publications

Selected printed information sources

2005 - Alland F et Moreau J F Exporter en Afrique de l'Est

Selected online information sources

Arab German Consulting

Intergovernmental Authority on Development (IGAD)

Arab Trade Financing Program (ATFP)

6.2 Trade Contacts

Official Name Address City Phone

Number

Fax

Number Email Website

Somali ICI Development Association

(Sictda)

Suite # 301, AlKhaleej

Building Mogadishu 252 1

217098

egas@sictda.org

www.sictda.org

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