Solomon Islands (SLB) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $12.2M in 2022.

In 2017, 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 2022 to $8.84M in 2017.

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

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

Latest Data

Trade between Solomon Islands () and South Korea ()

Solomon Islands Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Solomon Islands
Top DestinationChina$260M

South Korea
Top DestinationChina$150B

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

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

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

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

Comparative Advantage Solomon Islands - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Solomon Islands had a large net trade with South Korea in the exports of Wood Products ($12M), Foodstuffs ($163k), and Instruments ($3.56k).

During 2017, 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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Solomon Islands and South Korea. This means that a dot/product with the flag of Solomon Islands indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Solomon Islands.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Solomon Islands () and South Korea ()

Solomon Islands Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Solomon Islands - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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