Somalia, Fed. Rep.: Merchandise imports from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports)

Key figures

What the numbers say

In 2023, Somalia, Fed. Rep.'s merchandise imports from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports) rose 0.68 percentage points on 2022 (from 10.63% to 11.31%).

Across the 28 yearly changes before that (1981 to 2022), the average change was +0.39 percentage points and a typical year strayed about 0.9 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 2.36 percentage points in 2016 and the biggest yearly fall was 1.79 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 0.8 percentage points a year. A straight line explains 96% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 13.95% for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 0.41%, against 1.95% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2023, Somalia, Fed. Rep. had the 25th highest value of the 196 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Somalia, Fed. Rep. in the 2023 ranking

• Chad — 21st of 196: 11.88%
• Eritrea — 22nd of 196: 11.79%
• Croatia — 23rd of 196: 11.44%
• Romania — 25th of 196: 11.25%
• Serbia — 26th of 196: 11.11%
• Ukraine — 27th of 196: 9.91%

What this measures

Merchandise imports from low- and middle-income economies in Europe and Central Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Europe and Central Asia region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 35 values

Merchandise imports from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports) in nearby economies

• Angola — 1.23% (2023)
• Benin — 2% (2023)
• Botswana — 0.56% (2023)
• Burkina Faso — 2.38% (2023)
• Burundi — 2.13% (2023)
• Cabo Verde — 1.3% (2023)
• Cameroon

More private sector & trade data for Somalia, Fed. Rep.

• Merchandise imports from high-income economies (% of total merchandise imports) — 15.83% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
• Merchandise imports by the reporting economy (current US$) — US$4.02 billion (2023)
• Merchandise exports to economies in the Arab World (% of total merchandise exports) — 90.84% (2023)
• Merchandise exports to high-income economies (% of total merchandise exports) — 85.23% (2023)
• Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) — 14.09% (2023)
• Merchandise exports to low- and middle-income economies in Middle East & North Africa (% of total merchandise exports)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Somalia, Fed. Rep.'s merchandise imports from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports)?

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.R2.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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