Imports of goods and services, US dollar (Balance of Payments and) in Somalia
Somalia: Imports of goods and services, US dollar (Balance of Payments and) was 14.55 billion in 2030. ▲ Rising
Imports of goods and services, US dollar (Balance of Payments and) in Somalia, 2013–2030
Source: International Monetary Fund.
Analysis
In 2030, imports of goods and services, us dollar (balance of payments and) in Somalia stood at 14.55 billion. That is the highest value across all 18 years on record.
The figure is up 7.5% on the previous year and up 150.1% over ten years.
Over the whole period, imports of goods and services, us dollar (balance of payments and) in Somalia peaked at 14.55 billion in 2030 and was at its lowest, 3.96 billion, in 2014.
Somalia ranks 26th of 31 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Imports of goods and services, US dollar (Balance of Payments and) in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2013 | 3.98 billion | — |
| 2014 | 3.96 billion | -0.6% |
| 2015 | 4.08 billion | +3.1% |
| 2016 | 4.19 billion | +2.8% |
| 2017 | 5.10 billion | +21.7% |
| 2018 | 5.12 billion | +0.4% |
| 2019 | 5.42 billion | +5.9% |
| 2020 | 5.82 billion | +7.3% |
| 2021 | 6.54 billion | +12.5% |
| 2022 | 8.22 billion | +25.6% |
| 2023 | 8.84 billion | +7.5% |
| 2024 | 9.95 billion | +12.6% |
| 2025 | 10.03 billion | +0.8% |
| 2026 | 10.60 billion | +5.7% |
| 2027 | 11.54 billion | +8.9% |
| 2028 | 12.59 billion | +9.0% |
| 2029 | 13.53 billion | +7.5% |
| 2030 | 14.55 billion | +7.5% |
Somalia compared with similar countries
- Somalia's 14.55 billion is below the median for low income countries, which is 15.71 billion, 93% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.55 billion | 3.96 billion | 5.42 billion | 7 |
| 2020s | 9.77 billion | 5.82 billion | 13.53 billion | 10 |
| 2030s | 14.55 billion | 14.55 billion | 14.55 billion | 1 |
Countries ranked near Somalia
- 23 Armenia 16.30 billion compare
- 24 Turkmenistan 15.80 billion compare
- 25 Sudan 15.71 billion compare
- 27 Tajikistan 11.15 billion compare
- 28 Djibouti 9.31 billion compare
- 29 Afghanistan 9.30 billion compare
More trade data for Somalia
- Extensive Margin, Theil index 1.43 (2014)
- Export Diversification, Theil index 4.77 (2014)
- Intensive Margin, Theil index 3.35 (2014)
- Exports of goods and services, US dollar (Balance of Payments and) 4.18 billion (2030)
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 1.35 million FAO, current US$ (2010)
- Food imports excluding fish 313.48 million FAO, current US$ (2010)
- Total agricultural imports 376.15 million FAO, current US$ (2010)
- Cereal imports 122.56 million FAO, current US$ (2010)
- Cereal imports quantity 362,697 FAO, tonnes (2010)
Frequently asked questions
- What is imports of goods and services, us dollar (balance of payments and) in Somalia?
- Imports of goods and services, us dollar (balance of payments and) in Somalia was 14.55 billion in 2030, according to International Monetary Fund.
- What is the highest imports of goods and services, us dollar (balance of payments and) recorded in Somalia?
- The highest recorded value was 14.55 billion in 2030.
- What is the lowest imports of goods and services, us dollar (balance of payments and) recorded in Somalia?
- The lowest recorded value was 3.96 billion in 2014.
- How does Somalia rank for imports of goods and services, us dollar (balance of payments and)?
- Somalia ranks 26th out of 31 countries with data for 2030.
- Is imports of goods and services, us dollar (balance of payments and) rising or falling in Somalia?
- Over the last ten years it is up 150.1%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods and services, US dollar (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.