In 2020, Solomon Islands exported a total of $491M, making it the number 168 exporter in the world. During the last five reported years the exports of Solomon Islands have changed by -$23.2M from $514M in 2015 to $491M in 2020.
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).
The highest complexity exports of Solomon Islands according to the product complexity index (PCI) are Compasses (0.35), Veneer Sheets (-0.5), Oil Seed Flower (-0.83), Scrap Vessels (-1.05), and Sawn Wood (-1.15). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Solomon Islands according to the relatedness index, are Gold (0.046), Fish Fillets (0.045), Crustaceans (0.044), Manganese Ore (0.042), and Non-fillet Fresh Fish (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.
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.
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.
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.