Somalia Business
• Main exports: Livestock, bananas, hides, fish, charcoal and scrap metal.
• Main imports: Food grains, animal and vegetable oils, petroleum products, construction materials and manufactured products.
• Main trade partners: Yemen and United Arab Emirates.
Economy
Subsistence agriculture and livestock rearing occupy most of the working population, although development is hampered by primitive techniques, poor soil and climatic conditions, and a chronic labour shortage. Bananas are the main cash crop and provide nearly half the country's export earnings; cotton, maize, sorghum and other crops are produced for domestic consumption. Animal products, particularly hides and skins, are another key source of revenue, mainly from Saudi Arabia.
Fishing has dwindled to the level of individual small boats, but there are provisional plans to restore this to full commercial capacity. Oil and gas deposits have been located but their exploitation has been in abeyance due to the lack of an effective central government. There is little industry other than small-scale operations to meet domestic needs, mainly food-processing and oil refining.
Business Etiquette
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