Somalia

Africa
Somalia world map

Trade in Somalia

Somalia’s trade represents 101.64 per cent of GDP.

Somalia is part of 1 Regional Trade Agreements, which is Common Market for Eastern and Southern Africa (COMESA).

Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Federal Republic of Somalia

Abbreviation

SO

Capital

Mogadishu

WTO Membership Date

Observer

Legal System

mixed legal system of civil law, Islamic (sharia) law, and customary law (referred to as Xeer)

Language

Somali

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Somali shilling

Exchange Rate

 Google Finance Currencies

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

  • Tusaale Consulting Firm

    Member's associations - (i.e. sector, professional, exporters)

    [email protected]

Industrial Property Offices

  • Ministry of Industry,

  • Patents and Trademarks Office

Additional Information

 ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

 https://mof.gov.so/publications/somali-customs-tariff-2022

Trade Information Portal

 https://stip.gov.so/

Last Reviewed: June, 2023

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