India and Somalia Business
What are the business opportunities available in Somalia?
Somalia has a substantial potential in natural resources: agriculture, livestock, fishing, telecommunications, energy, manufacturing, ICT, Construction and Tourism and Hospitality and hydrocarbons. This wealth in all the diverse sectors could attract many investors.
India-Somalia In 2021, India exported $699M to Somalia. The main products that India exported to Somalia are Raw Sugar ($284M), Rice ($143M), and Cars ($47.1M). During the last 26 years the exports of India to Somalia have increased at an annualized rate of 20%, from $6.05M in 1995 to $699M in 2021.
In 2021, India did not export any services to Somalia.
Somalia-India In 2021, Somalia exported $15.3M to India. The main products that Somalia exported to India were Scrap Iron ($7.35M), Other Oily Seeds ($2.66M), and Industrial Fatty Acids, Oils and Alcohols ($2.48M). During the last 26 years the exports of Somalia to India have increased at an annualized rate of 13.2%, from $604k in 1995 to $15.3M in 2021.
In 2021, Somalia did not export any services to India.
Comparison In 2021, India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B). That same year, Somalia ranked 168 in total exports ($482M), and does not have data regarding Economic Complexity Index.