Somalia, Fed. Rep. Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Somalia, Fed. Rep.'s trade balance was $-8.8B in 2025, ranked 156th globally. This represents a 7.8% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Somalia, Fed. Rep.'s trade balance stood at $-8.8B in 2025, a decline of +$637.5M from 2024. Based on recent trends, this figure is projected to reach $-8.8B by 2025. Somalia, Fed. Rep. ranked 156th globally.
Somalia's trade balance has consistently demonstrated a significant deficit, reflecting the country's reliance on imports to meet its economic needs. Since 1960, the trade balance has fluctuated, with the all-time peak of -$7,994,014.72 in the same year and a trough of -$8,763,500,000.00 in 2025. This latter figure ranks Somalia as the 156th largest trade deficit globally. Peer countries such as Senegal, with a trade deficit of -$7,861,866,540.32, exhibit similar trends. The trade deficit has persisted across various economic eras, with the current value of -$8,763,500,000.00 standing as a stark reminder of the country's reliance on international trade. If Somalia's economy fails to diversify and increase its export-oriented sectors, the trade deficit is likely to remain a persistent challenge, potentially hindering the country's long-term economic growth prospects.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $-10.8B | - | - |
| 2026* trend | $-9.8B | - | - |
| 2025* trend | $-8.8B | - | - |
| 2025 | $-8.8B | −$637.5M | #156 |
| 2024 | $-8.1B | −$1.6B | #21 |
| 2023 | $-6.5B | −$840.0M | #31 |
| 2022 | $-5.7B | −$1.2B | #39 |
| 2021 | $-4.4B | −$262.0M | #32 |
| 2020 | $-4.2B | −$352.0M | #33 |
| 2019 | $-3.8B | −$249.0M | #34 |
| 2018 | $-3.6B | −$328.6M | #38 |
| 2017 | $-3.2B | −$461.7M | #32 |
| 2016 | $-2.8B | −$154.5M | #38 |
| 2015 | $-2.6B | −$144.5M | #52 |
| 2014 | $-2.5B | −$150.5M | #54 |
| 2013 | $-2.3B | −$175.1M | #55 |
| 2012 | $-2.2B | −$1.9B | #58 |
| 1990 | $-256.4M | +$150.2M | #59 |
Analysis
Somalia, Fed. Rep.'s trade balance was $-8.8B in 2025, a decline of −$637.5M from 2024. Based on trends, estimated $-8.8B by 2025.
Frequently Asked Questions
Somalia, Fed. Rep.'s trade balance was $-8.8B in 2025. Ranked 156th globally. This represents a 7.8% decrease from the previous year.
Somalia, Fed. Rep.'s trade balance peaked at $-8.0M in 1960.
The lowest trade balance in Somalia, Fed. Rep. was $-8.8B in 2025.
Somalia, Fed. Rep. ranks 156th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Somalia, Fed. Rep.'s trade balance is projected to reach $-8.8B by 2025 based on trend extrapolation.
The trade balance of Somalia, Fed. Rep. in 2025 was $-8.8B. This ranks 156th in the world.
Cite this page
@misc{historysaid_somalia-fed-rep_trade-balance,
title = {Somalia, Fed. Rep. Trade Balance},
url = {https://historysaid.com/somalia-fed-rep/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}