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Somalia

Somalia ranked No. 177 in total trade value through August with a total of $44.67 million. Exports totaled $43.95 million and Imports totaled $720,010, a surplus of $43.23 million.

January – August 2019

Top Trading Ports

Total Trade: $44.67 million

RankPortTotal YTD
1Port of Houston $15,746,187
2Port of Savannah, Ga. $10,645,083
3Port of New York $4,837,931
4Port of Newark $3,438,079
5John F. Kennedy International Airport $3,117,871
6Port of Virginia $1,479,415
7Chicago O’Hare International Airport $1,355,048
8Port of Boston $761,401
9Low-Valued Imports and Exports $608,038
10Port Miami $509,298

U.S. trade with Somalia rose to $44.67 million through August

Somalia’s trade with the United States rose to $44.67 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.54 percent above its total trade during the same time period last year. U.S. exports to Somalia increased 13.99 percent while U.S. imports from Somalia fell 36.8 percent. The U.S. surplus with Somalia was $43.23 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Savannah, Ga.; No. 3 Port of New York; No. 4 Port of Newark; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five 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. In the current time period, the top five accounted for 84.58 percent of Somalia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 12.17 percent to $15.75 million.
    Exports fell 12.17 percent to $15.75 million. There were no imports.
  • Trade with No. 2 Port of Savannah, Ga. rose 1188.94 percent to $10.65 million.
    Exports rose 1188.94 percent to $10.65 million. There were no imports.
  • Trade with No. 3 Port of New York fell 31.28 percent to $4.84 million.
    Exports fell 31.28 percent to $4.84 million. There were no imports.
  • Trade with No. 4 Port of Newark rose 85.81 percent to $3.44 million.
    Exports rose 177.16 percent to $3.04 million. Imports fell 47.22 percent to $397,631.
  • Trade with No. 5 John F. Kennedy International Airport fell 13.29 percent to $3.12 million.
    Exports fell 13.29 percent to $3.12 million. There were no imports.

Somalia ranked No. 177 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 182.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Somalia by value through August were the categories of Prepared foods, beverages; Grain sorghum; Malt extract, less than 40% cocoa; Misc. vegetable fats, oils; and Cell phones, related equipment, respectively. They accounted for 70.49 percent of total exports to Somalia.

The value of the top five categories of U.S. imports from Somalia –– Essential oil resins; Lac; Natural Gums, Resins, Gum-Resins and Bal 1301; Travel goods, including handbags, wallets, jewelry; Oranges, grapefruit, other citrus; and Poultry incubators, equipment –– accounted for 97.99 percent of all inbound shipments.

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

  • Prepared foods, beverages rose 59.18 percent compared to last year to $12.86 million.
  • Grain sorghum fell 18.04 percent compared to last year to $8.24 million.
  • Malt extract, less than 40% cocoa fell 41.88 percent compared to last year to $3.52 million.
  • Misc. vegetable fats, oils rose 44.9 percent compared to last year to $3.47 million.
  • Cell phones, related equipment rose 9.52 percent compared to last year to $2.9 million.

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

  • Essential oil resins fell 40.33 percent compared to last year to $368,100.
  • Lac; Natural Gums, Resins, Gum-Resins and Bal 1301 fell 4.98 percent compared to last year to $173,717.
  • Travel goods, including handbags, wallets, jewelry totaled $143,005. The previous year, there were no imports in this category.
  • Oranges, grapefruit, other citrus totaled $11,500. The previous year, there were no imports in this category.
  • Poultry incubators, equipment totaled $9,215. The previous year, there were no imports in this category.

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.