Malaysia (MYS) and Solomon Islands (SLB) Trade | The Observatory of Economic Complexity

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Malaysia-Solomon Islands In 2022, Malaysia exported $61.5M to Solomon Islands. The main products that Malaysia exported to Solomon Islands are Refined Petroleum ($37.7M), Large Construction Vehicles ($2.41M), and Soybean Oil ($2.13M). During the last 27 years the exports of Malaysia to Solomon Islands have increased at an annualized rate of 11.7%, from $3.11M in 1995 to $61.5M in 2022.

In 2022, Malaysia did not export any services to Solomon Islands.

Solomon Islands-Malaysia In 2022, Solomon Islands exported $6.58M to Malaysia. The main products that Solomon Islands exported to Malaysia were Cocoa Beans ($5.72M), Sawn Wood ($553k), and Other Vegetable Residues ($114k). During the last 27 years the exports of Solomon Islands to Malaysia have increased at an annualized rate of 5.34%, from $1.62M in 1995 to $6.58M in 2022.

In 2022, Solomon Islands did not export any services to Malaysia.

Comparison In 2022, Malaysia ranked 28 in the Economic Complexity Index (ECI 0.96), and 22 in total exports ($378B). That same year, Solomon Islands ranked 171 in total exports ($508M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2020

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Overview In September 2020, Malaysia exported MYR7.65M and imported MYR3.73M from Solomon Islands, resulting in a positive trade balance of MYR3.92M. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR4.1M (115%) from MYR3.55M to MYR7.65M, while imports decreased by MYR-3.05M (-45%) from MYR6.78M to MYR3.73M.

Trade In September 2020, the top exports of Malaysia to Solomon Islands were Engine Parts (MYR18M), Large Construction Vehicles (MYR8.97M), Excavation Machinery (MYR1.55M), Refined Petroleum (MYR1.04M), and Flavored Water (MYR918k). In September 2020 the top imports of Malaysia from Solomon Islands were Cocoa Beans (MYR4.01M).

Growth In September 2020, the increase in Malaysia's year-by-year exports to Solomon Islands was explained primarily by an increase in product exports in Engine Parts (MYR16M or 795%), Excavation Machinery (MYR837k or 117%), and Iron Structures (MYR415k or 385%). In September 2020, the decrease in Malaysia's year-by-year imports from Solomon Islands was explained primarily by an decrease in product imports in Cocoa Beans (MYR-350k or -8.03%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Malaysia exported $61.5M to Solomon Islands. The main products exported from Malaysia to Solomon Islands were Refined Petroleum ($37.7M), Large Construction Vehicles ($2.41M), and Soybean Oil ($2.13M). During the last 27 years the exports of Malaysia to Solomon Islands have increased at an annualized rate of 11.7%, from $3.11M in 1995 to $61.5M in 2022.

In 2022, Solomon Islands exported $6.58M to Malaysia. The main products exported from Solomon Islands to Malaysia were Cocoa Beans ($5.72M), Sawn Wood ($553k), and Other Vegetable Residues ($114k). During the last 27 years the exports of Solomon Islands to Malaysia have increased at an annualized rate of 5.34%, from $1.62M in 1995 to $6.58M in 2022.

Exports from Malaysia () to Solomon Islands () (2022)

Exports from Solomon Islands () to Malaysia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Malaysia
Top DestinationN/AN/A

Solomon Islands
Top DestinationN/AN/A

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

N/A

Difference in imports from Solomon Islands () and Malaysia () (2022)

Comparative Advantage Malaysia - Solomon Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Malaysia had a large net trade with Solomon Islands in the exports of Mineral Products ($38M), Machines ($8.29M), and Foodstuffs ($4.99M).

During 2022, Solomon Islands had a large net trade with Malaysia in the exports of Foodstuffs ($5.83M), Wood Products ($553k), and Vegetable Products ($107k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over Solomon Islands. Similarly, the more yellow a dot/product is, the more Solomon Islands has comparative advantage over Malaysia.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Malaysia () to Solomon Islands () (2022)

Exports from Solomon Islands () to Malaysia () (2022)

Market Competitiveness

Difference in imports from Solomon Islands () and Malaysia () (2022)

Comparative Advantage Malaysia - Solomon Islands

Economic Complexity

Competitive Landscape

Product Space of Malaysia () and Solomon Islands () (2022)

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Malaysia () to Solomon Islands () (2022)

Exports from Solomon Islands () to Malaysia () (2022)

Market Competitiveness

Difference in imports from Solomon Islands () and Malaysia () (2022)

Comparative Advantage Malaysia - Solomon Islands

Economic Complexity

Competitive Landscape

Product Space of Malaysia () and Solomon Islands () (2022)

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