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1 ITC by Country Report Somalia 05/12/2014 ITC by country - Somalia 1
2 Table of Contents 1. Country / Territory Brief 2. People and Economy 2.1 People 2.2 Economy 3. Trade Performance 3.1 General Trade Performance 3.2 Sector Trade Performance 4. Trade Strategy and Policy 4.1 Trade and Development Strategies 4.2 Domestic and Foreign Market Access 4.3 Trade Facilitation 4.4 Business and Regulatory Environment 4.5 Infrastructure 5. ITC and the Country/Territory 5.1 ITC Projects 5.2 Events 5.3 ITC Contacts 6. Trade Information Sources and Contacts 6.1 Trade Information Sources 6.2 Trade Contacts This is a pdf version of the captioned country contents in the intracen web site of the International Trade Centre. This document was generated on For the latest information about ITC's work and the country, please refer to International Trade Centre 2014 ITC encourages the reprinting and translation of its publications to achieve wider dissemination. Short extracts of this document may be freely reproduced, with due acknowledgement of the source. Permission should be requested for more extensive reproduction or translation. A copy of the reprinted or translated material should be sent to ITC. ITC by country - Somalia 2
3 1. Country / Territory Brief Somalia is an Arab LDC and a fragile state. Due to several civil wars, floods and outbreaks, Somalian economy is considered to be one of the poorest and least developed in the World. As a fact, it is extremely vulnerable. Besides, Somalia has a lack of natural resources and most of its mineral reservoir is unexploited. Somalia s private sector has grown considerably, particularly in the spheres of trade, commerce and infrastructure and number of Somali areas have established favourable business environments that have facilitated investment in sectors including livestock, telecommunications, and remittances. But this remains limited to address the extreme poverty facing the country and its people. Absence of a central government authority and inadequate government support and administration are the main challenges that have been detrimental to Somalia s economy, particularly to its currency. Somalia main exports are: livestock, bananas, skins, fish, charcoal and scrap metal. Main export partners are: United Arab Emirates, Yemen and Oman. ITC by country - Somalia 3
4 2. People and Economy 2.1 People ITC by country - Somalia 4
5 2.2 Economy ITC by country - Somalia 5
6 3. Trade Performance 3.1 General Trade Performance Evolution of Trade Ratio to GDP - Goods Evolution of Trade Ratio to GDP - Services ITC by country - Somalia 6
7 3.1.3 Evolution of Total Trade Trade Map ITC by country - Somalia 7
8 3.1.5 Export and Import by Leading Destination - Export Export and Import by Leading Destination - Import ITC by country - Somalia 8
9 3.1.7 Evolution of Exports and Imports by Destination - Export Evolution of Exports and Imports by Destination - Import ITC by country - Somalia 9
10 3.1.9 Total Export Growth Source: ITC, calculations based on ITC s Trade Competitiveness Map data. Note:Graph shows decomposition of the country s export growth in value terms by diversification pattern over the indicated period Marginal Export Growth Source: ITC, calculations based on ITC s Trade Competitiveness Map data. Note:Graph shows decomposition of the country s export growth in value by structural driving effects over the indicated period. Values are in US$ thousands. ITC by country - Somalia10
11 Composition of Trade in Services - Export Composition of Trade in Services - Import ITC by country - Somalia11
12 Evolution of FDI ITC by country - Somalia12
13 3.2 Sector Trade Performance Sectoral Diversification in Products - Export Sectoral Diversification in Products - Import ITC by country - Somalia13
14 3.2.3 Sectoral Diversification in Destinations - Export Sectoral Diversification in Destinations - Import Sectoral diversification in origin for Somalia's imports (mirror) Sector Sector's import growth in value (% p.a) Share of top 3 supplying countries in sector s imports List of the top 3 supplying countries Wood products 54.5 % 77.8 % 60.7 % Thailand ; Indonesia ; China Oman ; China ; Indonesia Transport equipment 53.8 % 75.4 % 50.8 % South Africa ; Italy ; Japan United Kingdom ; South Africa ; Uganda Leather products 51.3 % 98.8 % 96.6 % China ; Oman ; Thailand India ; Oman ; China Clothing 43.9 % 74.1 % 87.0 % China ; Indonesia ; India China ; Indonesia ; Turkey Unclassified products 43.6 % 78.8 % 79.5 % Oman ; United States of America ; Sweden Turkey ; United States of America ; Italy Textiles 33.5 % 97.4 % 94.3 % China ; India ; Indonesia China ; Indonesia ; Oman Electronic components 31.5 % 82.9 % 68.2 % China ; Oman ; India China ; Oman ; Turkey Processed food 30.9 % 76.2 % 71.6 % Oman ; Brazil ; Egypt Oman ; India ; Pakistan Chemicals 26.6 % 66.9 % 67.1 % India ; China ; Egypt China ; India ; Egypt Basic manufactures 26.2 % 83.3 % 90.3 % Oman ; Pakistan ; China Oman ; China ; India Non-electronic machinery 23.6 % 70.8 % 58.4 % China ; Oman ; Italy China ; Italy ; Turkey ITC by country - Somalia14
15 3.2.5 Sectors by World Demand - Export Sectors by World Demand - Import ITC by country - Somalia15
16 3.2.7 Trade Performance Index ITC by country - Somalia16
17 4. Trade Strategy and Policy 4.1 Trade and Development Strategies ITC by country - Somalia17
18 4.2 Domestic and Foreign Market Access ITC by country - Somalia18
19 4.3 Trade Facilitation Logistics Performance Index (LPI): Country Comparison Source: World Bank, Logistics Performance Index (LPI) Logistics Performance Index Evolution Source: World Bank, Logistics Performance Index (LPI) ITC by country - Somalia19
20 4.4 Business and Regulatory Environment Multilateral Trade Instruments Instrument ratified : Ratification rate : 31 / 266 instruments 11.6% Abstract The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade Weighted score : In World : 16.6/100 Ratification Rate Rank 190 / 193 Weighted Score Rank 190 / 193 In Region : Sub- Saharan Africa 47/ 47 47/ 47 In Development level : Least developed country 48/ 48 48/ 48 Graph Presents a visual illustration breaking down a country s ratification level according to various categories and compares it to the world average. Instruments ratified Click here for a full list and more details about these multi-lateral trade instruments ITC by country - Somalia20
21 4.5 Infrastructure ITC by country - Somalia21
22 5. ITC and the Country/Territory 5.1 ITC Projects Current projects No Current Projects Found! Recent projects No Recent Projects Found! ITC by country - Somalia22
23 5.2 Events Upcoming events No data Recent events No data ITC by country - Somalia23
24 5.3 ITC Contacts Lilia NAAS HACHEM Acting Chief, Office for Arab States Abdeslam AZUZ Senior Trade Promotion Officer ITC by country - Somalia24
25 6. Trade Information Sources and Contacts 6.1 Trade Information Sources This section provides a list of country specific print and online publications on trade-related topics, including both ITC and external sources ITC publications Selected printed information sources Alland F et Moreau J F Exporter en Afrique de l'est Selected online information sources Arab German Consulting Intergovernmental Authority on Development (IGAD) Arab Trade Financing Program (ATFP) ITC by country - Somalia25
26 6.2 Trade Contacts Official Name Address City Phone Number Fax Number Website Somali ICI Development Association (Sictda) Suite # 301, AlKhaleej Building Mogadishu egas@si ctda.org da.org ITC by country - Somalia26
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