Qurac&qansax Posted June 25, 2022 The top exports of Somalia are Gold ($111M), Sheep and Goats ($35M), Insect Resins ($25.8M), Other Animals ($21.1M), and Other Oily Seeds ($21.1M), exporting mostly to United Arab Emirates ($146M), Saudi Arabia ($39.2M), Japan ($16.5M), Bulgaria ($11.7M), and China ($7.68M) The top imports of Somalia are Rolled Tobacco ($577M), Raw Sugar ($262M), Other Vegetables ($248M), Rice ($206M), and Broadcasting Equipment ($150M), importing mostly from United Arab Emirates ($1.28B), China ($893M), India ($544M), Ethiopia ($294M), and Turkey ($264M) We export $276M and import 4.2 B..... Huge trade deficit. Somalia (SOM) Exports, Imports, and Trade Partners | OEC OEC.WORLD Find the latest trade statistics and economic complexity data for Somalia. Quote Share this post Link to post Share on other sites
Qurac&qansax Posted June 25, 2022 i was supprised our most export is Gold....from where we export....Gold export contributes half of our export revenue and no one knows, where, which state or city or company export gold from somalia.....this proves there is a lot the average person does not know....our resources is been debellated without our knowledge Quote Share this post Link to post Share on other sites
maakhiri1 Posted June 25, 2022 7 minutes ago, Qurac&qansax said: i was supprised our most export is Gold....from where we export....Gold export contributes half of our export revenue and no one knows, where, which state or city or company export gold from somalia.....this proves there is a lot the average person does not know....our resources is been debellated without our knowledge Most of it is from Sanaag region Quote Share this post Link to post Share on other sites
Qurac&qansax Posted June 25, 2022 vegetables , is probably Qat from Ethopioa...and Kenya will Compete soon 1 Quote Share this post Link to post Share on other sites
maakhiri1 Posted June 25, 2022 Quote The top imports of Somalia are Rolled Tobacco ($577M Big idea to do local cigarettes company, and plant tobacco locally 90% of business for tobacco companies are now third world countries, where not many awareness, taxation about health issues Quote Share this post Link to post Share on other sites
Qurac&qansax Posted June 25, 2022 when I was growing up in Somalia. We were self sufficient in Tobaco, Sugar and rice...the three most imports Quote Share this post Link to post Share on other sites
maakhiri1 Posted June 25, 2022 Quote Broadcasting Equipment ($150M), What is this for ? Social media, tiktok? 1 Quote Share this post Link to post Share on other sites
Abdi90 Posted June 25, 2022 Let me decode this. From what i know somali ladies who sell gold import allot from UAE so there is no way we export that much as a gold-importing nation, with that im almost sure in this case it is USD-cash that is ticked/checked off as gold in declaration-form and the biggest evidence is (Rolled Tobacco ($577M) which is evidently used for declaring khat import becouse we know we spend the highest amounts on khat import. So this also means they are using standard declaration-form made in other country which doesnt have the option "khat" or "cash" (in suitcase) so they have to improvise and tick/check off "Gold" for cash and "Tobacco" for khat Quote Share this post Link to post Share on other sites
