2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$1.63BCURRENT US$
Rnk 179 / 195
2013-2023
Flag
GDP GROWTH
27%CURRENT US$
Rnk 121 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$2,042CURRENT US$
Rnk 158 / 196
2013-2023
Flag
GDP PC GROWTH
-5.54%CURRENT US$
Rnk 160 / 195

About

Italy-Solomon Islands Trade: In 2023, Italy exported $806k to Solomon Islands. The main products that Italy exported to Solomon Islands were Industrial Food Preperation Machinery ($587k), Electric Generating Sets ($194k), and Machinery Having Individual Functions ($16.2k). Over the past 5 years the exports of Italy to Solomon Islands have increased at an annualized rate of 10.7%, from $484k in 2018 to $806k in 2023.

In 2023, Italy did not export any services to Solomon Islands.

Solomon Islands-Italy Trade: In 2023, Solomon Islands exported $53.5M to Italy. The main products that Solomon Islands exported to Italy were Processed Fish ($53.4M), Coral and Shells ($77.2k), and Oscilloscopes ($1.12k). Over the past 5 years the exports of Solomon Islands to Italy have decreased at an annualized rate of 0.92%,  from $56M in 2018 to $53.5M in 2023.

In 2023, Solomon Islands did not export any services to Italy.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Solomon Islands ranked 168 in total exports ($548M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $806k to Solomon Islands. The main products exported from Italy to Solomon Islands were Industrial Food Preperation Machinery ($587k), Electric Generating Sets ($194k), and Machinery Having Individual Functions ($16.2k). During the last 5 years the exports of Italy to Solomon Islands have increased at an annualized rate of 10.7%, from $484k in 2018 to $806k in 2023.

In 2018, Solomon Islands exported $53.5M to Italy. The main products exported from Solomon Islands to Italy were Processed Fish ($53.4M), Coral and Shells ($77.2k), and Oscilloscopes ($1.12k). During the last 5 years the exports of Solomon Islands to Italy have decreased at an annualized rate of 0.92%, from $56M in 2023 to $53.5M in 2018.

Exports from Italy (Flag) to Solomon Islands (Flag) (2023)

Exports from Solomon Islands (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Solomon Islands
Top Destination
China$305M

This map shows whether countries import more from Italy or Solomon Islands. Each country is colored based on the difference in imports they receive from Italy and Solomon Islands or the difference in the growth in imports.

In 2023, countries that imported more from Italy than Solomon Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Solomon Islands than from Italy.

Difference in imports from Solomon Islands (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Solomon Islands

Flow
Scale

This chart compares trade between Italy and Solomon Islands by product, considering products traded by both, Italy and Solomon Islands.

During 2023, Italy had a large net trade with Solomon Islands in the exports of Machines ($797k), Metals ($3.4k), and Chemical Products ($3.28k).

During 2018, Solomon Islands had a large net trade with Italy in the exports of Foodstuffs ($53.4M), Animal Products ($77.2k), and Instruments ($1.12k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Solomon Islands. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Solomon Islands. Similarly, a dot/product with the flag of Solomon Islands indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Solomon Islands (Flag) (2023)

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