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Pricing

2022
Flag → Flag
Exports $8.84MRnk 173 / 220
2022
Flag → Flag
Top Product $3.23MPetroleum Gas
2022
Flag → Flag
Exports $12.2MRnk 9 / 73
2022
Flag → Flag
Top Product $10.1MVeneer Sheets
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$1.6BCURRENT US$
Rnk 170 / 186
2012-2022
Flag
GDP GROWTH34.6%CURRENT US$
Rnk 91 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$2,203CURRENT US$
Rnk 144 / 186
2012-2022
Flag
GDP PC GROWTH5.54%CURRENT US$
Rnk 128 / 186

About

South Korea-Solomon Islands Trade: In 2022, South Korea exported $8.84M to Solomon Islands. The main products that South Korea exported to Solomon Islands were Petroleum Gas ($3.23M), Large Construction Vehicles ($1.06M), and Cars ($934k). Over the past 5 years the exports of South Korea to Solomon Islands have decreased at an annualized rate of 16.8%, from $22.2M in 2017 to $8.84M in 2022.

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

Solomon Islands-South Korea Trade: In 2022, Solomon Islands exported $12.2M to South Korea. The main products that Solomon Islands exported to South Korea were Veneer Sheets ($10.1M), Rough Wood ($1.91M), and Animal Meal and Pellets ($134k). Over the past 5 years the exports of Solomon Islands to South Korea have increased at an annualized rate of 6.11%,  from $9.07M in 2017 to $12.2M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Solomon Islands ranked 171 in total exports ($508M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $1.57M and imported $66k from Solomon Islands, resulting in a positive trade balance of $1.51M. Between August 2023 and August 2024 the exports of South Korea have increased by $358k (29.5%) from $1.22M to $1.57M, while imports increased by $66k (N/A%) from $0 to $66k.

Trade In August 2024, the top exports of South Korea to Solomon Islands were Cars, tractors, trucks & parts thereof. ($81k), Fish, crustaceans, & molluscs ($57k), Mineral fuels, mineral oils and products... ($38k), Machinery, mechanical appliances, & parts ($38k), and Electrical machinery and electronics ($33k). In August 2024 the top imports of South Korea from Solomon Islands were Fish, crustaceans, & molluscs ($0), Mineral fuels, mineral oils and products... ($0), Plastics & articles thereof ($0), Rubber & articles thereof ($0), and Iron or steel articles ($0).

Growth In August 2024, the increase in South Korea's year-by-year exports to Solomon Islands was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($43k or 113%), Fish, crustaceans, & molluscs ($23k or 67.6%), and Machinery, mechanical appliances, & parts ($2k or 5.56%). In August 2024, the increase in South Korea's year-by-year imports  from Solomon Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$358k(29.5%)
IMPORT GROWTH (August 2023 - August 2024)$66k(N/A%)

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

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

For full datasets download visit Bulk Download page.

Explore Solomon Islands and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $8.84M to Solomon Islands. The main products exported from South Korea to Solomon Islands were Petroleum Gas ($3.23M), Large Construction Vehicles ($1.06M), and Cars ($934k). During the last 5 years the exports of South Korea to Solomon Islands have decreased at an annualized rate of 16.8%, from $22.2M in 2017 to $8.84M in 2022.

In 2017, Solomon Islands exported $12.2M to South Korea. The main products exported from Solomon Islands to South Korea were Veneer Sheets ($10.1M), Rough Wood ($1.91M), and Animal Meal and Pellets ($134k). During the last 5 years the exports of Solomon Islands to South Korea have increased at an annualized rate of 6.11%, from $9.07M in 2022 to $12.2M in 2017.

Exports from South Korea (Flag) to Solomon Islands (Flag) (2022)

Exports from Solomon Islands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Solomon Islands
Top DestinationChina$260M

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

In 2022, countries that imported more from South Korea than Solomon Islands included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Difference in imports from Solomon Islands (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Solomon Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with Solomon Islands in the exports of Mineral Products ($3.52M), Machines ($2.1M), and Transportation ($1.86M).

During 2017, Solomon Islands had a large net trade with South Korea in the exports of Wood Products ($12M), Foodstuffs ($163k), and Instruments ($3.56k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Solomon Islands (Flag) (2022)

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