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Overview In 2021 Solomon Islands was the number 169 economy in the world in terms of total exports and the number 192 in total imports.

Exports The top exports of Solomon Islands are Rough Wood ($312M), Processed Fish ($54.5M), Palm Oil ($29.2M), Sawn Wood ($12.8M), and Coconut Oil ($12.4M), exporting mostly to China ($283M), Italy ($41.4M), India ($28.6M), Netherlands ($20M), and Australia ($13.1M).

Imports The top imports of Solomon Islands are Refined Petroleum ($76.6M), Scrap Iron ($15.9M), Non-fillet Frozen Fish ($15.2M), Iron Structures ($11.1M), and Poultry Meat ($10.3M), importing mostly from China ($167M), Singapore ($61.4M), Australia ($54.3M), Malaysia ($45.2M), and New Zealand ($26.8M).

Location Solomon Islands borders Australia, Papua New Guinea, Vanuatu, and New Caledonia by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Solomon Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Rough Wood$312M
Top Destination (2021)China$283M

In 2021, Solomon Islands exported a total of $479M, making it the number 169 exporter in the world. During the last five reported years the exports of Solomon Islands have changed by -$10.6M from $490M in 2016 to $479M in 2021.

The most recent exports are led by Rough Wood ($312M), Processed Fish ($54.5M), Palm Oil ($29.2M), Sawn Wood ($12.8M), and Coconut Oil ($12.4M). The most common destination for the exports of Solomon Islands are China ($283M), Italy ($41.4M), India ($28.6M), Netherlands ($20M), and Australia ($13.1M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
India$10.8M (+ 60.6%)
Australia$7.92M (+ 154%)
Hong Kong$7.44M (+ 11.9k%)
Fastest Growing Import Markets (2020 - 2021)
China$50.5M (+ 43.3%)
Singapore$30.3M (+ 97%)
Malaysia$25.6M (+ 131%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Solomon Islands Exports Services (2018)$145M
Solomon Islands Imports Services (2018)$215M

In 2018, Solomon Islands exported $145M worth of services. The top services exported by Solomon Islands in 2018 were Personal travel ($57.3M), Business travel ($23.7M), Air transport ($20.8M), Sea transport ($17.6M), and Other business services ($14.2M).

The top services imported by Solomon Islands in 2018 were Sea transport ($47.3M), Other business services ($46M), Personal travel ($30.5M), Business travel ($22.5M), and Government services, n.i.e. ($21.7M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Solomon Islands has a high level of specialization in Rough Wood (747), Processed Fish (121), Veneer Sheets (105), Coconut Oil (67.5), and Cocoa Beans (36.9). Specialization is measured using RCA, an index that takes the ratio between Solomon Islands observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Solomon Islands according to the product complexity index (PCI) are Coin (0.23), Preparations of a kind used in animal feeding (-0.14), Sheets for veneering (including those obtained by slicing laminated wood), for plywood... (-0.61), Wood (including strips, friezes for parquet flooring, not assembled), continuously shaped (tongued,... (-0.88), and Flours and meals of oil seeds or oleaginous fruits; other than those... (-0.96). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Solomon Islands according to the relatedness index, were Crustaceans (0.046), Crude Petroleum (0.042), Bananas (0.04), Fish Fillets (0.04), and Manganese Ore (0.039). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Solomon Islands is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Solomon Islands. These are products that tend to be co-exported with the products that Solomon Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

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