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Somalia

Somalia ranked No. 201 in total trade value through February with a total of $2.23 million. Exports totaled $1.66 million and Imports totaled $566,744, a surplus of $1.09 million.

January – February 2019

Top Trading Ports

Total Trade: $2.23 million

RankPortTotal YTD
1Port of Virginia $762,343
2Port of Newark $368,100
3Port of Houston $349,283
4Port of New York $171,499
5Port of Boston $143,005
6Port of Long Beach $68,595
7Boston’s Logan International Airport $65,896
8Cleveland’s Hopkins International Airport, Ohio $55,153
9Highgate Springs Alburg, Vt. $53,500
10Dulles International Airport, Washington D.C., Va. $29,025

U.S. trade with Somalia rose to $2.23 million through February

Somalia’s trade with the United States rose to $2.23 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 55.58 percent below its total trade during the same time period last year. Somalia’s exports decreased 64.24 percent while imports rose 52.54 percent. The U.S. surplus with Somalia was $1.09 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Port of Newark; No. 3 Port of Houston; No. 4 Port of New York; and No. 5 Port of Boston. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of Newark No. 3 Cleveland’s Hopkins International Airport, Ohio No. 4 Port of Beaumont, Texas and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 80.62 percent of Somalia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia rose 1234.82 percent to $762,343.
    Exports rose 1234.82 percent to $762,343. There were no imports.
  • Trade with No. 2 Port of Newark fell 69.93 percent to $368,100.
    There were no exports. Imports rose 189.33 percent to $368,100.
  • Trade with No. 3 Port of Houston fell 76.46 percent to $349,283.
    Exports fell 76.46 percent to $349,283. There were no imports.
  • Trade with No. 4 Port of New York rose 240.88 percent to $171,499.
    Exports rose 240.88 percent to $171,499. There were no imports.
  • Trade with No. 5 Port of Boston totaled $143,005.
    There were no exports. Imports totaled $143,005.

Somalia ranked No. 201 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 187.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Somalia by value through February were the categories of Misc. vegetable fats, oils; Malt extract, less than 40% cocoa; Tanks Etc, Over 300 Liter Capacity, Aluminum 7611; Misc. iron or steel structures and parts; and Cell phones, related equipment, respectively. They accounted for 80.25 percent of total exports to Somalia.

The value of the top five categories of U.S. imports from Somalia –– Essential oil resins; Travel goods, including handbags, wallets, jewelry; Lac; Natural Gums, Resins, Gum-Resins and Bal 1301; and Salvage –– accounted for 100 percent of all inbound shipments.

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

  • Misc. vegetable fats, oils totaled $703,540. The previous year, there were no exports in this category.
  • Malt extract, less than 40% cocoa fell 59.47 percent compared to last year to $349,283.
  • Tanks Etc, Over 300 Liter Capacity, Aluminum 7611 totaled $102,000. The previous year, there were no exports in this category.
  • Misc. iron or steel structures and parts rose 426.63 percent compared to last year to $88,469.
  • Cell phones, related equipment rose 37.36 percent compared to last year to $87,965.

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

  • Essential oil resins rose 441.32 percent compared to last year to $368,100.
  • Travel goods, including handbags, wallets, jewelry totaled $143,005. The previous year, there were no imports in this category.
  • Lac; Natural Gums, Resins, Gum-Resins and Bal 1301 fell 9.67 percent compared to last year to $53,500.
  • Salvage fell 72.55 percent compared to last year to $2,139.

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.