India (IND) and Solomon Islands (SLB) Trade | The Observatory of Economic Complexity

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India-Solomon Islands Trade: In 2022, India exported $2.42M to Solomon Islands. The main products that India exported to Solomon Islands were Packaged Medicaments ($809k), Vaccines, blood, antisera, toxins and cultures ($486k), and Baked Goods ($171k). Over the past 5 years the exports of India to Solomon Islands have increased at an annualized rate of 8.3%, from $1.63M in 2017 to $2.42M in 2022.

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

Solomon Islands-India Trade: In 2022, Solomon Islands exported $45.1M to India. The main products that Solomon Islands exported to India were Rough Wood ($45M), Scrap Iron ($100k), and Computers ($6.98k). Over the past 5 years the exports of Solomon Islands to India have decreased at an annualized rate of 3.68%, from $54.4M in 2017 to $45.1M in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Solomon Islands ranked 171 in total exports ($508M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

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Overview In July 2024, India exported $270k and imported $1.87k from Solomon Islands, resulting in a positive trade balance of $268k. Between July 2023 and July 2024 the exports of India have decreased by $-99.9k (-27%) from $370k to $270k, while imports decreased by $-6.85M (-100%) from $6.85M to $1.87k.

Trade In July 2024, the top exports of India to Solomon Islands were Computer Hardware, Peripherals ($53.5k), Telecom Instruments ($27.3k), Jute Hessian ($27k), Cereal Preparations ($24.2k), and Drug Formulations, Biologicals ($17.7k). In July 2024 the top imports of India from Solomon Islands were Other Wood And Wood Products ($1.37M) and Iron And Steel ($16.4k).

Growth In July 2024, the decrease in India's year-by-year exports to Solomon Islands was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-37.6k or -68.1%), Electronics Instruments ($-19.8k or -72%), and Electronics Components ($-2.29k or -92.6%). In September 2023, the decrease in India's year-by-year imports from Solomon Islands was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-99.9k(-27%)

IMPORT GROWTH (September 2022 - September 2023)$-6.85M(-100%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Solomon Islands and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $2.42M to Solomon Islands. The main products exported from India to Solomon Islands were Packaged Medicaments ($809k), Vaccines, blood, antisera, toxins and cultures ($486k), and Baked Goods ($171k). During the last 5 years the exports of India to Solomon Islands have increased at an annualized rate of 8.3%, from $1.63M in 2017 to $2.42M in 2022.

In 2017, Solomon Islands exported $45.1M to India. The main products exported from Solomon Islands to India were Rough Wood ($45M), Scrap Iron ($100k), and Computers ($6.98k). During the last 5 years the exports of Solomon Islands to India have decreased at an annualized rate of 3.68%, from $54.4M in 2022 to $45.1M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Solomon Islands
Top DestinationChina$260M

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

In 2022, countries that imported more from India than Solomon Islands included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Solomon Islands than from India.

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

Comparative Advantage India - Solomon Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Solomon Islands in the exports of Chemical Products ($1.32M), Foodstuffs ($415k), and Transportation ($205k).

During 2017, Solomon Islands had a large net trade with India in the exports of Wood Products ($45M), Metals ($100k), and Machines ($6.98k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of India and Solomon Islands. This means that a dot/product with the flag of India 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 India.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Solomon Islands

Economic Complexity

Competitive Landscape

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

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