Philippines (PHL) and Solomon Islands (SLB) Trade | The Observatory of Economic Complexity

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Philippines-Solomon Islands Trade: In 2023, Philippines exported $1.5M to Solomon Islands. The main products that Philippines exported to Solomon Islands were Baked Goods ($347k), Aircraft parts (gliders, balloons, and powered aircraft) ($300k), and Coffee and Tea Extracts ($186k). Over the past 5 years the exports of Philippines to Solomon Islands have decreased at an annualized rate of 12%, from $2.83M in 2018 to $1.5M in 2023.

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

Solomon Islands-Philippines Trade: In 2023, Solomon Islands exported $5.34M to Philippines. The main products that Solomon Islands exported to Philippines were Copra ($3.74M), Rough Wood ($869k), and Sawn Wood ($625k). Over the past 5 years the exports of Solomon Islands to Philippines have decreased at an annualized rate of 24.6%, from $21.9M in 2018 to $5.34M in 2023.

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

Comparison In 2023, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Solomon Islands ranked 168 in total exports ($548M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

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Overview In July 2024, Philippines exported $36.4k and imported $54.5k from Solomon Islands, resulting in a negative trade balance of $18.1k. Between July 2023 and July 2024 the exports of Philippines have decreased by $-17.2k (-32.1%) from $53.7k to $36.4k, while imports increased by $1.37k (2.57%) from $53.2k to $54.5k.

Trade In July 2024, the top exports of Philippines to Solomon Islands were Baked Goods ($68.9k), Coffee and Tea Extracts ($27.2k), Confectionery Sugar ($8.82k), Felt or Coated Fabric Garments ($8.16k), and Other Processed Vegetables ($4.76k). In July 2024 the top imports of Philippines from Solomon Islands were Rough Wood ($869k), Veneer Sheets ($10.6k), Insulated Wire ($8.96k), Sawn Wood ($5.25k), and Motor vehicles; parts and accessories (8701... ($589).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Solomon Islands was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-158k or -99.4%) and Plastic Lids ($-3.11k or -88.6%). In July 2024, the increase in Philippines's year-by-year imports from Solomon Islands was explained primarily by an increase in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Philippines exported $1.5M to Solomon Islands. The main products exported from Philippines to Solomon Islands were Baked Goods ($347k), Aircraft parts (gliders, balloons, and powered aircraft) ($300k), and Coffee and Tea Extracts ($186k). During the last 5 years the exports of Philippines to Solomon Islands have decreased at an annualized rate of 12%, from $2.83M in 2018 to $1.5M in 2023.

In 2018, Solomon Islands exported $5.34M to Philippines. The main products exported from Solomon Islands to Philippines were Copra ($3.74M), Rough Wood ($869k), and Sawn Wood ($625k). During the last 5 years the exports of Solomon Islands to Philippines have decreased at an annualized rate of 24.6%, from $21.9M in 2023 to $5.34M in 2018.

Exports from Philippines () to Solomon Islands () (2023)

Exports from Solomon Islands () to Philippines () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Philippines
Top DestinationChina$19B

Solomon Islands
Top DestinationChina$305M

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

In 2023, countries that imported more from Philippines than Solomon Islands included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Solomon Islands than Philippines included Mauritania ($32.7k) and Cape Verde ($122).

Difference in imports from Solomon Islands () and Philippines () (2023)

Comparative Advantage Philippines - Solomon Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Philippines had a large net trade with Solomon Islands in the exports of Foodstuffs ($784k), Textiles ($357k), and Transportation ($300k).

During 2018, Solomon Islands had a large net trade with Philippines in the exports of Vegetable Products ($3.74M), Wood Products ($1.58M), and Machines ($19.9k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Philippines () to Solomon Islands () (2023)

Exports from Solomon Islands () to Philippines () (2023)

Market Competitiveness

Difference in imports from Solomon Islands () and Philippines () (2023)

Comparative Advantage Philippines - Solomon Islands

Economic Complexity

Competitive Landscape

Product Space of Philippines () and Solomon Islands () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Philippines () to Solomon Islands () (2023)

Exports from Solomon Islands () to Philippines () (2023)

Market Competitiveness

Difference in imports from Solomon Islands () and Philippines () (2023)

Comparative Advantage Philippines - Solomon Islands

Economic Complexity

Competitive Landscape

Product Space of Philippines () and Solomon Islands () (2023)

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