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2023
Flag → Flag
Exports $25.3MRnk 138 / 221
2023
Flag → Flag
Top Product $2.42MRefined Petroleum
2023
Flag → Flag
Exports $10.2MRnk 8 / 70
2023
Flag → Flag
Top Product $9.59MCocoa Beans
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$1.63BCURRENT US$
Rnk 179 / 195
2013-2023
Flag
GDP GROWTH27%CURRENT US$
Rnk 121 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$2,042CURRENT US$
Rnk 158 / 196
2013-2023
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GDP PC GROWTH-5.54%CURRENT US$
Rnk 160 / 195

About

Malaysia-Solomon Islands Trade: In 2023, Malaysia exported $25.3M to Solomon Islands. The main products that Malaysia exported to Solomon Islands were Refined Petroleum ($2.42M), Excavation Machinery ($2.25M), and Baked Goods ($1.93M). Over the past 5 years the exports of Malaysia to Solomon Islands have decreased at an annualized rate of 21%, from $82.3M in 2018 to $25.3M in 2023.

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

Solomon Islands-Malaysia Trade: In 2023, Solomon Islands exported $10.2M to Malaysia. The main products that Solomon Islands exported to Malaysia were Cocoa Beans ($9.59M), Raw Aluminium ($339k), and Sawn Wood ($157k). Over the past 5 years the exports of Solomon Islands to Malaysia have decreased at an annualized rate of 3.6%,  from $12.3M in 2018 to $10.2M in 2023.

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

Comparison In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04),  and 19 in total exports ($383B). That same year, Solomon Islands ranked 168 in total exports ($548M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR8.76M and imported MYR12.6M from Solomon Islands, resulting in a negative trade balance of MYR3.83M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-2.56M (-22.6%) from MYR11.3M to MYR8.76M, while imports increased by MYR11.4M (932%) from MYR1.22M to MYR12.6M.

Trade In November 2024, the top exports of Malaysia to Solomon Islands were Refined Petroleum (MYR1.55M), Transmissions (MYR703k), Baked Goods (MYR666k), Cleaning Products (MYR541k), and Coated Metal Soldering Products (MYR316k). In November 2024 the top imports of Malaysia from Solomon Islands were Cocoa Beans (MYR6.14M) and Sawn Wood (MYR89.7k).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Solomon Islands was explained primarily by an decrease in product exports in Excavation Machinery (MYR-706k or -83.6%), Coffee and Tea Extracts (MYR-532k or -90.2%), and Motor vehicles; parts and accessories (8701... (MYR-319k or -73.8%). In November 2024, the increase in Malaysia's year-by-year imports  from Solomon Islands was explained primarily by an increase in product imports  in Cocoa Beans (MYR4.72M or 332%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-2.56M(-22.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR11.4M(932%)

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

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

For full datasets download visit Bulk Download page.

Explore Solomon Islands and Malaysia Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $25.3M to Solomon Islands. The main products exported from Malaysia to Solomon Islands were Refined Petroleum ($2.42M), Excavation Machinery ($2.25M), and Baked Goods ($1.93M). During the last 5 years the exports of Malaysia to Solomon Islands have decreased at an annualized rate of 21%, from $82.3M in 2018 to $25.3M in 2023.

In 2018, Solomon Islands exported $10.2M to Malaysia. The main products exported from Solomon Islands to Malaysia were Cocoa Beans ($9.59M), Raw Aluminium ($339k), and Sawn Wood ($157k). During the last 5 years the exports of Solomon Islands to Malaysia have decreased at an annualized rate of 3.6%, from $12.3M in 2023 to $10.2M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Solomon Islands
Top DestinationChina$305M

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

In 2023, countries that imported more from Malaysia than Solomon Islands included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

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

Comparative Advantage Malaysia - Solomon Islands

Flow
Scale

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

During 2023, Malaysia had a large net trade with Solomon Islands in the exports of Machines ($8.12M), Foodstuffs ($4.97M), and Mineral Products ($3.09M).

During 2018, Solomon Islands had a large net trade with Malaysia in the exports of Foodstuffs ($9.59M), Metals ($456k), and Wood Products ($157k).

Economic Complexity

Competitive Landscape

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

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

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