Somalia Trade Intelligence
Comprehensive economic data, market insights, and trade information to help you make informed business decisions.
Economic OverviewStable Outlook
GDP
$45.2B
GDP Growth
+3.2%
GDP/Capita
$2,450
Inflation Rate8.5%
Unemployment Rate12.4%
Debt to GDP45%
FDI Inflows (Annual)
$2.8B
Credit Rating
B+Trade Agreements & Market Access
View AllAfCFTA Member
African Continental Free Trade Area
54
Countries
90%
Tariff Elimination
$3.4T
Market Size
Ratified: 2019 • Trading Status: Active
Learn moreOther Trade Agreements
IGADbilateral
activePreferential access
Regional
Total Active Agreements2
Preferential Market Access0+ countries
Export Strengths & Competitive Advantages
Top Export Products
Livestock
Bananas
Fish
Hides
Charcoal
Frankincense
Competitive Advantages
Indian Ocean trade corridorEAC common market accessAfCFTA member stateCompetitive labor costs
Export Incentives & Benefits
✓
Livestock sector support✓
Fishing industry incentivesRegulatory & Compliance Requirements
Full GuideRequired Export Documents
Commercial Invoice
Packing List
Certificate of Origin
Health Certificate (for livestock)
Customs Declaration
Export Procedure Steps
1Register with trade ministry
2Obtain export license
3Apply for Certificate of Origin
4Submit customs declaration
Logistics Performance IndexImproving
Overall LPI Score
2.70/ 5.00
Below Average
World Rank
#95
of 160
Score Breakdown
Customs Efficiency2.50
Infrastructure Quality2.40
Int'l Shipments2.80
Logistics Competence2.60
Tracking & Tracing2.50
Timeliness3.00
Data Source: World Bank Logistics Performance Index
Ports & Entry Points Performance
View AllKey Trade Institutions in Somalia
Ministry of Commerce and Industry
Export Authoritywww.moci.gov.so
+252 61 555 5555
Somalia Customs Authority
CustomsSomali Bureau of Standards
Standards BodyNeed help navigating Somalia's trade requirements?
