Somalia, Fed. Rep.: Merchandise exports (current US$)
In , Somalia, Fed. Rep.'s Merchandise exports (current US$) was $1.11 billion.
That's up 11.6% from 2023, the highest value on record.
The global average for this indicator in 2024 was $117.55 billion . Somalia, Fed. Rep. ranks #154 globally out of 204 reporting countries. Within Sub-Saharan Africa, it ranks #36 of 48.
Source: World Bank Open Data (TX.VAL.MRCH.CD.WT) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- $1.11B
- Trough
- 182.00M
- 1-year change
- +11.6%
- 5-year change
- +94.2%
- +14.2% / yr
- 10-year change
- +65.0%
- +5.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports (current US$) |
|---|---|
| 1.107B | |
| 992.000M | |
| 733.000M | |
| 503.000M | |
| 513.000M | |
| 570.000M | |
| 534.000M | |
| 464.000M | |
| 615.000M | |
| 678.000M |
About Merchandise exports (current US$)
Merchandise exports includes goods whose economic ownership is changed from a resident to a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: TX.VAL.MRCH.CD.WT • Category: Trade & Finance
Frequently asked questions
- What was Somalia, Fed. Rep.'s Merchandise exports (current US$) in 2024?
- In 2024, Somalia, Fed. Rep.'s Merchandise exports (current US$) was $1.11 billion, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Merchandise exports (current US$) rising or falling?
- Somalia, Fed. Rep.'s Merchandise exports (current US$) rose 11.6% from 2023 to 2024.
- How does Somalia, Fed. Rep. rank globally on Merchandise exports (current US$)?
- In 2024, Somalia, Fed. Rep. ranked #154 out of 204 countries reporting Merchandise exports (current US$).
- How does Somalia, Fed. Rep.'s Merchandise exports (current US$) compare to the world average?
- The global average for Merchandise exports (current US$) in 2024 was $117.55 billion, so Somalia, Fed. Rep. is below the world average. Within Sub-Saharan Africa, it ranks #36 of 48.
- What is Merchandise exports (current US$) and how is it measured?
- Merchandise exports includes goods whose economic ownership is changed from a resident to a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (TX.VAL.MRCH.CD.WT), CC BY 4.0.