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2022
Flag → Flag
Exports $478Rnk 60 / 73
2022
Flag → Flag
Top Product $478Harvesting Machinery
2022
Flag → Flag
Exports $11.1kRnk 3 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$1.6BCURRENT US$
Rnk 170 / 186
2012-2022
Flag
GDP GROWTH34.6%CURRENT US$
Rnk 91 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $2,203CURRENT US$
Rnk 144 / 186
2012-2022
Flag
GDP PC GROWTH5.54%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Solomon Islands-Mongolia In 2022, Solomon Islands exported $478 to Mongolia. The main products that Solomon Islands exported to Mongolia are Harvesting Machinery ($478). During the last 6 years the exports of Solomon Islands to Mongolia have decreased at an annualized rate of 1.68%, from $529 in 2016 to $478 in 2022.

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

Mongolia-Solomon Islands In 2022, Mongolia exported $11.1k to Solomon Islands. The main products that Mongolia exported to Solomon Islands were N/A. During the last 6 years the exports of Mongolia to Solomon Islands have increased at an annualized rate of 52.5%, from $884 in 2016 to $11.1k in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Solomon Islands exported $478 to Mongolia. The main products exported from Solomon Islands to Mongolia were Harvesting Machinery ($478). During the last 6 years the exports of Solomon Islands to Mongolia have decreased at an annualized rate of 1.68%, from $529 in 2016 to $478 in 2022.

In 2018, Mongolia exported $11.1k to Solomon Islands. There were not main exports from Mongolia to Solomon Islands in 2018. During the last 2 years the exports of Mongolia to Solomon Islands have increased at an annualized rate of 52.5%, from $884 in 2016 to $11.1k in 2018.

Exports from Solomon Islands (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Solomon Islands (Flag) (2022)

Market Competitiveness

Color
Solomon Islands
Top DestinationChina$260M
Mongolia
Top DestinationChina$10.6B

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

In 2021, countries that imported more from Solomon Islands than Mongolia were India ($45.1M), Australia ($23.2M), and Netherlands ($19.2M).

In 2021, countries that imported more from Mongolia than Solomon Islands were China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia (Flag) and Solomon Islands (Flag) (2022)

Comparative Advantage Solomon Islands - Mongolia

Flow
Scale

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

During 2022, Solomon Islands had a large net trade with Mongolia in the exports of Machines ($478).

During 2018, Mongolia had a large net trade with Solomon Islands in the exports of .

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Solomon Islands has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Solomon Islands.

Product Space of Solomon Islands (Flag) and Mongolia (Flag) (2022)

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