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Somalia

Somalia ranked No. 183 in total trade value through October with a total of $43.95 million. Exports totaled $42.8 million and Imports totaled $1.15 million, a surplus of $41.65 million.

January – October 2018

Top Trading Ports

Total Trade: $43.95 million

RankPortTotal YTD
1Port of Houston $18,108,096
2Port of New York $9,613,819
3John F. Kennedy International Airport $3,796,599
4Port of Los Angeles $2,273,313
5Port of Newark $1,850,358
6Port of Virginia $1,453,104
7Cleveland’s Hopkins International Airport, Ohio $1,384,434
8Port of Boston $982,696
9Port of Savannah, Ga. $902,138
10Low-Valued Imports and Exports $578,329

U.S. trade with Somalia rose to $43.95 million through October

Somalia’s trade with the United States rose to $43.95 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 28.21 percent below its total trade during the same time period last year. Somalia’s exports decreased 29.11 percent while imports rose 36.3 percent. The U.S. surplus with Somalia was $41.65 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of New York; No. 3 John F. Kennedy International Airport; No. 4 Port of Los Angeles; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of Virginia No. 3 Port of Charleston No. 4 Port of New York and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 81.09 percent of Somalia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 19.22 percent to $18.11 million.
    Exports fell 19.22 percent to $18.11 million. There were no imports.
  • Trade with No. 2 Port of New York rose 95.93 percent to $9.61 million.
    Exports rose 95.93 percent to $9.61 million. There were no imports.
  • Trade with No. 3 John F. Kennedy International Airport rose 59.84 percent to $3.8 million.
    Exports rose 59.84 percent to $3.8 million. There were no imports.
  • Trade with No. 4 Port of Los Angeles rose 31.79 percent to $2.27 million.
    Exports rose 32.04 percent to $2.27 million. There were no imports.
  • Trade with No. 5 Port of Newark rose 821.85 percent to $1.85 million.
    Exports rose 1007.99 percent to $1.1 million. Imports rose 640.66 percent to $753,358.

Somalia ranked No. 183 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 175.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Somalia by value through October were the categories of Prepared foods, beverages; Grain sorghum; Malt extract, less than 40% cocoa; Cell phones, related equipment; and Misc. vegetable fats, oils, respectively. They accounted for 74.45 percent of total exports to Somalia.

The value of the top five categories of U.S. imports from Somalia –– Essential oil resins; Cell phones, related equipment; Lac; Natural Gums, Resins, Gum-Resins and Bal 1301; Make-up and skin-care products; and Salvage –– accounted for 92.03 percent of all inbound shipments.

Looking more closely at U.S. exports to Somalia:

  • Prepared foods, beverages rose 56 percent compared to last year to $10.15 million.
  • Grain sorghum fell 7.21 percent compared to last year to $10.05 million.
  • Malt extract, less than 40% cocoa rose 70.75 percent compared to last year to $6.28 million.
  • Cell phones, related equipment rose 112.66 percent compared to last year to $2.99 million.
  • Misc. vegetable fats, oils fell 56.96 percent compared to last year to $2.39 million.

Looking more closely at U.S. imports from Somalia:

  • Essential oil resins rose 16573 percent compared to last year to $616,897.
  • Cell phones, related equipment totaled $206,058. The previous year, there were no imports in this category.
  • Lac; Natural Gums, Resins, Gum-Resins and Bal 1301 fell 65.98 percent compared to last year to $182,827.
  • Make-up and skin-care products totaled $30,456. The previous year, there were no imports in this category.
  • Salvage rose 128.48 percent compared to last year to $23,316.

In the latest annual figures available, Somalia recorded $73.41 million in trade with the United States. At year’s end, its were Houston; New York City; Norfolk; Charleston; and Atlanta/Savannah. Total U.S. exports to Somalia were $ 72.43 million and imports from Somalia were $986,868. The U.S. surplus with Somalia was $71.44 million.