Unlocking the Untapped Potential: Strengthening Somali-UK trade ties

[Deeq A.]

The Somali-UK trade relationship is paradoxical. Despite the UK housing one of the largest Somali diasporas globally, trade between the two countries remains surprisingly minimal. The latest figures underscore this, with total trade in goods and services between the UK and Somalia amounting to a mere £49 million in the four quarters to the end of Q1 2024. This represents a significant 32.9% decrease from the previous year, indicating a troubling trend.

Source: Hiiraan Online