2023
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GDP
$1.63BCURRENT US$
Rnk 179 / 195
2013-2023
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GDP GROWTH
27%CURRENT US$
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2023
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 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
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GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
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GDP PC 
$2,042CURRENT US$
Rnk 158 / 195
2013-2023
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GDP PC GROWTH
-5.54%CURRENT US$
Rnk 160 / 195
2023
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GDP PC
$64,821CURRENT US$
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2013-2023
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GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Solomon Islands-Australia Trade: In 2023, Solomon Islands exported $59.6M to Australia. The main products that Solomon Islands exported to Australia were Gold ($53.4M), Sawn Wood ($3.36M), and Animal Food ($600k). Over the past 5 years the exports of Solomon Islands to Australia have increased at an annualized rate of 37%, from $12.4M in 2018 to $59.6M in 2023.

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

Australia-Solomon Islands Trade: In 2023, Australia exported $71.3M to Solomon Islands. The main products that Australia exported to Solomon Islands were Poultry Meat ($7.44M), Wheat ($5.43M), and Recreational Boats ($5.16M). Over the past 5 years the exports of Australia to Solomon Islands have decreased at an annualized rate of 9.47%,  from $117M in 2018 to $71.3M in 2023.

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

Comparison In 2023,  Solomon Islands ranked 168 in total exports ($548M), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Solomon Islands exported $59.6M to Australia. The main products exported from Solomon Islands to Australia were Gold ($53.4M), Sawn Wood ($3.36M), and Animal Food ($600k). During the last 5 years the exports of Solomon Islands to Australia have increased at an annualized rate of 37%, from $12.4M in 2018 to $59.6M in 2023.

In 2018, Australia exported $71.3M to Solomon Islands. The main products exported from Australia to Solomon Islands were Poultry Meat ($7.44M), Wheat ($5.43M), and Recreational Boats ($5.16M). During the last 5 years the exports of Australia to Solomon Islands have decreased at an annualized rate of 9.47%, from $117M in 2023 to $71.3M in 2018.

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

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

Latest Data

Trade between Solomon Islands (Flag) and Australia (Flag)

Solomon Islands Exports

Australia Exports

Market Competitiveness

Color
Solomon Islands
Top Destination
China$305M
Australia
Top Destination
China$137B

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

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

In 2023, countries that imported more from Australia than Solomon Islands included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Solomon Islands - Australia

Flow
Scale

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

During 2023, Solomon Islands had a large net trade with Australia in the exports of Precious Metals ($53.4M), Wood Products ($3.39M), and Foodstuffs ($1.47M).

During 2018, Australia had a large net trade with Solomon Islands in the exports of Machines ($14.8M), Animal Products ($11.5M), and Transportation ($10.4M).

Economic Complexity

Competitive Landscape

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

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

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