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Somalia, Fed. Rep. - Trade Balance 2023

Name: Somalia, Fed. Rep. Trade Balance 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-6.5B −$840.0M from 2022 Global rank: 31st

Somalia, Fed. Rep.'s trade balance was $-6.5B in 2023, decreased +$840.0M from $-5.7B in 2022. This was the 31st highest globally.

Global Ranking - 2023▾

Trade Balance by Country - 2023
Rank	Country	Value	YoY
1st	United States	$-797.3B	16.9%
2nd	India	$-76.2B	36.2%
3rd	Philippines	$-61.8B	2.3%
4th	Japan	$-61.0B	61.5%
5th	France	$-52.4B	31.4%
6th	United Kingdom	$-39.9B	-16.8%
7th	Ukraine	$-37.9B	-41.7%
8th	Mexico	$-25.9B	39.8%
9th	Pakistan	$-25.2B	43.8%
10th	Türkiye	$-21.2B	36.7%
11th	Bangladesh	$-20.4B	44.6%
12th	Uzbekistan	$-17.7B	-20.6%
13th	Colombia	$-17.3B	33.3%
14th	Romania	$-17.0B	16.9%
15th	Guatemala	$-15.7B	0.5%
16th	Morocco	$-12.1B	19.7%
17th	Greece	$-11.6B	44.7%
18th	Nepal	$-11.3B	22.8%
19th	Kyrgyz Republic	$-8.9B	-78.3%
20th	Egypt, Arab Republic of	$-8.9B	72.7%
21st	Dominican Republic	$-8.7B	26.0%
22nd	Lebanon	$-8.7B	8.9%
23rd	Honduras	$-8.3B	5.5%
24th	Kenya	$-7.9B	17.7%
25th	West Bank and Gaza	$-7.9B	9.9%
26th	Senegal	$-7.7B	-6.2%
27th	New Zealand	$-7.6B	43.4%
28th	Iran, Islamic Republic of	$-7.1B	-175.8%
29th	Jordan	$-6.8B	26.7%
30th	Argentina	$-6.7B	-207.6%
31st	Somalia, Fed. Rep.	$-6.5B	-14.9%
32nd	El Salvador	$-6.4B	15.7%
33rd	Afghanistan	$-5.8B	-11.0%
34th	Uganda	$-4.9B	-3.7%
35th	Haiti	$-4.0B	10.0%
36th	Moldova	$-4.0B	7.8%
37th	Tajikistan	$-3.8B	-9.1%
38th	Serbia	$-3.5B	49.3%
39th	Bosnia and Herzegovina	$-3.2B	2.6%
40th	Kosovo	$-3.2B	-4.8%
41st	Côte d'Ivoire	$-3.2B	-3.8%
42nd	Mozambique	$-3.1B	53.9%
43rd	Tanzania	$-3.0B	4.5%
44th	Namibia	$-2.9B	-26.5%
45th	Tunisia	$-2.9B	51.7%
46th	Malawi	$-2.7B	-2.5%
47th	Georgia	$-2.7B	-9.0%
48th	Bolivia, Plurinational State of	$-2.5B	-154.7%
49th	Nicaragua	$-2.4B	3.3%
50th	Belgium	$-2.3B	83.0%
51st	Zimbabwe	$-2.2B	30.5%
52nd	Rwanda	$-2.1B	1.0%
53rd	North Macedonia	$-2.1B	28.1%
54th	Cameroon	$-2.0B	-74.3%
55th	Mali	$-2.0B	7.0%
56th	Congo, Democratic Republic of	$-1.8B	37.6%
57th	Croatia	$-1.8B	59.6%
58th	Sri Lanka	$-1.8B	31.6%
59th	New Caledonia	$-1.7B	8.5%
60th	Guinea	$-1.7B	-155.8%
61st	Mauritania	$-1.6B	23.6%
62nd	Latvia	$-1.6B	15.7%
63rd	French Polynesia	$-1.4B	0.8%
64th	Montenegro	$-1.4B	1.4%
65th	Mauritius	$-1.3B	26.1%
66th	Albania	$-1.3B	33.9%
67th	Lesotho	$-1.2B	-1.4%
68th	Madagascar	$-1.1B	22.0%
69th	Burkina Faso	$-1.1B	-11.6%
70th	Benin	$-916.0M	-91.1%
71st	Timor-Leste	$-903.8M	-307.1%
72nd	Sierra Leone	$-857.1M	-4.7%
73rd	Botswana	$-835.4M	-378.6%
74th	Bhutan	$-752.0M	24.9%
75th	Ghana	$-681.6M	-17.1%
76th	Gambia, The	$-615.9M	-1.3%
77th	Solomon Islands	$-431.0M	-58.2%
78th	Cabo Verde	$-412.5M	6.5%
79th	Central African Republic	$-373.1M	24.1%
80th	Greenland	$-342.4M	7.8%
81st	Armenia	$-339.1M	-135.9%
82nd	Comoros	$-331.4M	-10.7%
83rd	Seychelles	$-306.5M	-58.4%
84th	Guinea-Bissau	$-299.1M	1.4%
85th	Samoa	$-297.0M	11.9%
86th	Tonga	$-296.4M	-9.6%
87th	Kiribati	$-276.4M	-10.7%
88th	Micronesia, Federated States of	$-188.0M	6.5%
89th	Cambodia	$-178.4M	69.4%
90th	Palau	$-149.8M	16.8%
91st	Bahamas, The	$-141.5M	38.9%
92nd	Eswatini	$-125.8M	26.0%
93rd	Marshall Islands	$-109.1M	12.9%
94th	Sudan	$-102.7M	-144.8%
95th	Nauru	$-86.4M	5.1%
96th	Maldives	$-83.6M	-143.7%
97th	Faroe Islands	$41.5M	1,102.9%
98th	Finland	$67.0M	101.2%
99th	Belize	$105.6M	238.3%
100th	Niger	$156.6M	-
101st	Ecuador	$162.5M	561.7%
102nd	Aruba	$221.7M	581.1%
103rd	Iceland	$280.9M	121.7%
104th	Belarus	$339.8M	-92.4%
105th	Estonia	$396.7M	225.5%
106th	Djibouti	$607.4M	5.1%
107th	San Marino	$628.6M	40.9%
108th	Cyprus	$715.3M	-36.0%
109th	Paraguay	$743.0M	135.4%
110th	Zambia	$951.5M	-70.6%
111th	Equatorial Guinea	$1.5B	-56.0%
112th	Canada	$1.5B	-88.2%
113th	Mongolia	$2.0B	284.3%
114th	Chad	$2.1B	-24.6%
115th	Slovak Republic	$2.1B	131.1%
116th	Hong Kong SAR, China	$2.2B	-84.8%
117th	Bermuda	$2.3B	15.3%
118th	Panama	$2.4B	23.7%
119th	Brunei Darussalam	$2.5B	-42.0%
120th	Uruguay	$2.6B	-33.9%
121st	Congo, Republic of	$2.7B	-42.2%
122nd	Chile	$3.0B	125.1%
123rd	Lithuania	$3.1B	309.6%
124th	South Africa	$3.2B	-63.7%
125th	Portugal	$3.4B	155.7%
126th	Malta	$4.1B	83.4%
127th	Turkmenistan	$4.2B	-19.7%
128th	Bulgaria	$4.2B	316.6%
129th	Costa Rica	$4.6B	159.2%
130th	Slovenia	$4.7B	291.1%
131st	Libya	$6.6B	-45.0%
132nd	Puerto Rico (US)	$6.7B	-11.7%
133rd	Gabon	$7.0B	-20.8%
134th	Korea	$7.1B	8,527.8%
135th	Bahrain	$8.0B	-30.8%
136th	Hungary	$8.7B	190.2%
137th	Peru	$9.3B	931.1%
138th	Austria	$9.4B	374.2%
139th	Algeria	$9.5B	-59.4%
140th	Azerbaijan	$10.5B	-59.7%
141st	Thailand	$10.7B	201.7%
142nd	Angola	$12.5B	-37.3%
143rd	Israel	$14.5B	29.9%
144th	Sweden	$16.0B	84.5%
145th	Czechia	$17.0B	595.8%
146th	Oman	$17.8B	-22.1%
147th	Macao SAR, China	$17.8B	9,185.3%
148th	Kazakhstan	$18.2B	-45.4%
149th	Malaysia	$19.1B	-35.0%
150th	Iraq	$26.4B	-54.8%
151st	Luxembourg	$28.6B	9.0%
152nd	Indonesia	$29.8B	-36.3%
153rd	Kuwait	$32.1B	-41.7%
154th	Viet Nam	$35.2B	131.0%
155th	Italy	$36.0B	194.2%
156th	Denmark	$36.4B	-4.3%
157th	Poland	$46.6B	298.0%
158th	Brazil	$49.8B	472.6%
159th	Spain	$62.1B	388.5%
160th	Norway	$74.7B	-55.9%
161st	Australia	$75.6B	-14.7%
162nd	United Arab Emirates	$76.6B	-18.5%
163rd	Saudi Arabia	$77.0B	-59.0%
164th	Russian Federation	$86.0B	-70.4%
165th	Switzerland	$101.5B	-11.1%
166th	Netherlands	$112.9B	22.9%
167th	Germany	$181.2B	74.6%
168th	Singapore	$189.2B	-6.8%
169th	Ireland	$189.5B	-16.2%
170th	China	$383.6B	-33.6%

FAQ

What was Somalia, Fed. Rep.'s trade balance in 2023?▾

Somalia, Fed. Rep.'s trade balance in 2023 was $-6.5B. This ranked 31st globally.

How did Somalia, Fed. Rep.'s trade balance change in 2023?▾

Somalia, Fed. Rep.'s trade balance decreased by 14.9% in 2023 compared to 2022.

Which country had the highest trade balance in 2023?▾

China had the highest trade balance in 2023 at $383.6B.

What is the trade balance of Somalia, Fed. Rep. in 2023?▾

The trade balance of Somalia, Fed. Rep. in 2023 was $-6.5B. This ranked 31st globally.

How does 2023 compare to 2022 for Somalia, Fed. Rep.'s trade balance?▾

Somalia, Fed. Rep.'s trade balance went from $-5.7B in 2022 to $-6.5B in 2023, a 14.9% decrease.

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