Somalia, Fed. Rep. - Trade Openness 2024
130.33%
+27.20% from 2023
Somalia, Fed. Rep.'s trade openness was 130.33% in 2024, increased +27.20% from 103.12% in 2023. This was the 125th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sudan | 2.00% | -19.3% |
| 2nd | Haiti | 22.25% | -27.7% |
| 3rd | United States | 25.38% | 0.3% |
| 4th | Bangladesh | 26.78% | -13.6% |
| 5th | Pakistan | 27.58% | -3.1% |
| 6th | Argentina | 27.93% | 4.7% |
| 7th | Turkmenistan | 28.73% | -15.7% |
| 8th | Cameroon | 34.40% | -9.2% |
| 9th | Brazil | 35.58% | 5.7% |
| 10th | Colombia | 37.03% | -8.3% |
| 11th | China | 37.20% | 3.0% |
| 12th | Guinea-Bissau | 38.81% | -4.1% |
| 13th | Russian Federation | 39.51% | -3.2% |
| 14th | Egypt, Arab Republic of | 39.60% | -2.1% |
| 15th | Algeria | 40.13% | -8.2% |
| 16th | Kenya | 40.19% | -2.3% |
| 17th | New Caledonia | 40.37% | -21.8% |
| 18th | Nepal | 40.53% | -2.5% |
| 19th | Sierra Leone | 40.55% | -26.7% |
| 20th | Benin | 40.64% | -9.0% |
| 21st | Zimbabwe | 41.49% | 3.0% |
| 22nd | Tanzania | 41.51% | 8.6% |
| 23rd | Gambia, The | 42.17% | 5.5% |
| 24th | Sri Lanka | 42.40% | -2.6% |
| 25th | Indonesia | 42.57% | 3.0% |
| 26th | Uganda | 42.65% | 27.9% |
| 27th | Comoros | 44.37% | -2.9% |
| 28th | India | 44.65% | -0.8% |
| 29th | Japan | 46.41% | 2.8% |
| 30th | Central African Republic | 46.43% | 6.8% |
| 31st | Bolivia, Plurinational State of | 46.98% | -5.3% |
| 32nd | Australia | 47.15% | -3.9% |
| 33rd | Guatemala | 47.34% | -2.0% |
| 34th | Chad | 47.87% | 2.1% |
| 35th | Mali | 49.90% | -13.3% |
| 36th | Niger | 49.98% | 7.5% |
| 37th | Angola | 50.84% | -4.1% |
| 38th | New Zealand | 51.22% | 1.6% |
| 39th | Côte d'Ivoire | 51.26% | 5.0% |
| 40th | Peru | 51.48% | 1.4% |
| 41st | Dominican Republic | 51.78% | 3.9% |
| 42nd | Iran, Islamic Republic of | 52.06% | 5.4% |
| 43rd | Uruguay | 52.46% | -0.8% |
| 44th | Israel | 54.45% | -6.1% |
| 45th | Türkiye | 54.60% | -16.9% |
| 46th | Saudi Arabia | 54.68% | 0.9% |
| 47th | Madagascar | 54.98% | -10.1% |
| 48th | Kazakhstan | 57.16% | -8.3% |
| 49th | Ecuador | 57.20% | 0.4% |
| 50th | Burkina Faso | 60.50% | -4.2% |
| 51st | Equatorial Guinea | 60.54% | -1.5% |
| 52nd | Uzbekistan | 60.73% | -8.1% |
| 53rd | South Africa | 61.65% | -6.1% |
| 54th | Zambia | 62.53% | -20.1% |
| 55th | Italy | 62.82% | -3.5% |
| 56th | United Kingdom | 62.84% | -3.3% |
| 57th | Chile | 63.86% | 5.2% |
| 58th | French Polynesia | 64.47% | -10.1% |
| 59th | Canada | 65.15% | -2.2% |
| 60th | Philippines | 65.89% | -2.3% |
| 61st | France | 68.11% | -3.6% |
| 62nd | Senegal | 68.14% | -4.6% |
| 63rd | Ghana | 69.79% | 8.4% |
| 64th | Spain | 69.95% | -2.6% |
| 65th | Rwanda | 69.95% | 7.8% |
| 66th | Iraq | 70.71% | 1.8% |
| 67th | Botswana | 71.11% | 3.3% |
| 68th | Costa Rica | 71.33% | -1.6% |
| 69th | Mexico | 74.59% | 1.4% |
| 70th | Bermuda | 75.29% | 2.3% |
| 71st | Paraguay | 76.83% | -6.8% |
| 72nd | Romania | 77.21% | -7.4% |
| 73rd | Ukraine | 77.75% | 0.3% |
| 74th | Germany | 79.09% | -3.5% |
| 75th | Bahamas, The | 79.24% | 3.5% |
| 76th | Albania | 79.45% | -3.5% |
| 77th | Samoa | 79.52% | -1.6% |
| 78th | West Bank and Gaza | 81.31% | 2.2% |
| 79th | Norway | 81.36% | 1.2% |
| 80th | Azerbaijan | 82.69% | -1.0% |
| 81st | Finland | 83.46% | -2.5% |
| 82nd | Panama | 83.67% | -5.3% |
| 83rd | Korea | 84.64% | 2.9% |
| 84th | El Salvador | 84.66% | 3.6% |
| 85th | Iceland | 85.97% | -1.6% |
| 86th | Moldova | 88.67% | -5.7% |
| 87th | Portugal | 89.70% | -3.7% |
| 88th | Greece | 89.78% | -2.9% |
| 89th | Honduras | 91.11% | -7.8% |
| 90th | European Union | 91.65% | -3.7% |
| 91st | Gabon | 92.05% | 0.6% |
| 92nd | Morocco | 92.19% | -1.0% |
| 93rd | Congo, Republic of | 93.19% | -3.1% |
| 94th | Mauritania | 93.60% | 1.6% |
| 95th | Puerto Rico (US) | 94.62% | -6.9% |
| 96th | Bosnia and Herzegovina | 95.16% | -4.5% |
| 97th | Timor-Leste | 95.45% | 6.9% |
| 98th | Mozambique | 95.66% | -9.8% |
| 99th | Cabo Verde | 96.51% | 1.5% |
| 100th | Guinea | 97.78% | 2.0% |
| 101st | Micronesia, Federated States of | 98.42% | 0.6% |
| 102nd | Nicaragua | 98.53% | -6.2% |
| 103rd | Jordan | 99.68% | -0.7% |
| 104th | Poland | 100.36% | -8.8% |
| 105th | Congo, Democratic Republic of | 100.55% | 15.9% |
| 106th | Georgia | 103.46% | -3.4% |
| 107th | Croatia | 104.91% | -2.2% |
| 108th | Faroe Islands | 105.75% | -6.7% |
| 109th | Sweden | 105.88% | -1.6% |
| 110th | Tunisia | 106.30% | -5.2% |
| 111th | Eswatini | 107.48% | 7.8% |
| 112th | Austria | 108.83% | -5.5% |
| 113th | Belize | 108.97% | 2.4% |
| 114th | Namibia | 109.63% | -1.0% |
| 115th | Montenegro | 109.94% | -5.9% |
| 116th | Bulgaria | 110.23% | -8.1% |
| 117th | Solomon Islands | 111.35% | 10.1% |
| 118th | Serbia | 111.73% | -2.4% |
| 119th | Kosovo | 113.79% | 3.5% |
| 120th | Oman | 114.85% | 7.9% |
| 121st | Marshall Islands | 123.81% | 4.5% |
| 122nd | Cuba | 124.86% | 3.6% |
| 123rd | Kyrgyz Republic | 127.65% | -3.6% |
| 124th | Libya | 128.82% | -19.2% |
| 125th | Somalia, Fed. Rep. | 130.33% | 26.4% |
| 126th | Czechia | 131.48% | -0.3% |
| 127th | Denmark | 131.77% | 1.7% |
| 128th | Belarus | 131.92% | 0.3% |
| 129th | Latvia | 132.26% | -2.5% |
| 130th | Brunei Darussalam | 132.59% | -3.1% |
| 131st | Switzerland | 134.10% | -0.9% |
| 132nd | North Macedonia | 136.32% | -7.8% |
| 133rd | Thailand | 136.75% | 6.2% |
| 134th | Malaysia | 137.36% | 3.6% |
| 135th | Mongolia | 138.45% | -3.1% |
| 136th | Macao SAR, China | 142.08% | -2.6% |
| 137th | Lithuania | 143.05% | -4.0% |
| 138th | Cambodia | 143.45% | 6.9% |
| 139th | Mauritius | 145.42% | -1.3% |
| 140th | Hungary | 146.50% | -7.5% |
| 141st | Armenia | 150.06% | 21.6% |
| 142nd | Estonia | 151.04% | -2.3% |
| 143rd | Netherlands | 153.83% | -6.8% |
| 144th | Slovenia | 155.66% | -2.8% |
| 145th | Maldives | 156.47% | 4.8% |
| 146th | Bahrain | 157.82% | 0.2% |
| 147th | Belgium | 158.93% | -4.2% |
| 148th | Aruba | 160.37% | 0.8% |
| 149th | Nauru | 165.85% | 15.2% |
| 150th | Slovak Republic | 171.21% | -5.6% |
| 151st | Viet Nam | 173.86% | 5.5% |
| 152nd | Seychelles | 188.37% | 4.2% |
| 153rd | Cyprus | 190.40% | -0.2% |
| 154th | Malta | 218.17% | -1.3% |
| 155th | Djibouti | 241.24% | -15.6% |
| 156th | Ireland | 246.17% | 2.7% |
| 157th | Singapore | 322.37% | -1.0% |
| 158th | Luxembourg | 351.27% | -12.7% |
| 159th | Hong Kong SAR, China | 359.51% | 1.8% |
FAQ
What was Somalia, Fed. Rep.'s trade openness in 2024?▾
Somalia, Fed. Rep.'s trade openness in 2024 was 130.33%. This ranked 125th globally.
How did Somalia, Fed. Rep.'s trade openness change in 2024?▾
Somalia, Fed. Rep.'s trade openness increased by 26.4% in 2024 compared to 2023.
Which country had the highest trade openness in 2024?▾
Hong Kong SAR, China had the highest trade openness in 2024 at 359.51%.
What is the trade openness of Somalia, Fed. Rep. in 2024?▾
The trade openness of Somalia, Fed. Rep. in 2024 was 130.33%. This ranked 125th globally.
How does 2024 compare to 2023 for Somalia, Fed. Rep.'s trade openness?▾
Somalia, Fed. Rep.'s trade openness went from 103.12% in 2023 to 130.33% in 2024, a 26.4% increase.
Related
2023
2025
All years
Full ranking 2024
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2025
Lowest: 1985
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Congo, Democratic Republic of
vs Niger
vs Sudan
vs Mozambique
Organisation of Islamic Cooperation Trade Openness
African Union Trade Openness
Global Ranking