Italy-Solomon Isds Bilateral Trade Analysis 2023
Complete trade statistics: $54.31M total volume •Italy deficit: $52.70M
Italy → Solomon Isds
$806,165
Exports (2023)
Solomon Isds → Italy
$53.50M
Imports (2023)
Trade Balance
$52.70M
Deficit for Italy
Total Trade
$54.31M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Italy and Solomon Isds. Green line shows exports from Italy, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Italy-Solomon Isds commercial relationship and competitive positioning in global markets.
Italy → Solomon Isds Exports
Export Market Intelligence
🎯 Strategic Export Focus
Italy's export portfolio to Solomon Isds demonstrates strategic specialization, with machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products representing a key competitive advantage in this bilateral market.
Solomon Isds → Italy Imports
Import Dependency Profile
📦 Import Strategy Analysis
Italy's import pattern from Solomon Isds reveals significant dependencyin fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Italy demonstrates competitive strength in exportingmachinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products to Solomon Isds, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $54.31M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Italy-Solomon Isds Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $54.31 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Italy maintains a deficit of $52.70 million
- Export Focus: Italy's primary exports include machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products, electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output not exceeding 75kva, machinery: industrial, for the manufacture of confectionery, cocoa or chocolate
- Import Dependencies: Key imports from Solomon Isds include fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), animal products: coral and similar materials, shells of molluscs, crustaceans, echinoderms, cuttle-bone, unworked or simply prepared but not cut to shape, powder and waste thereof, instruments, apparatus for measuring, checking electrical quantities, not meters of heading no. 9028: parts and accessories, for measuring or detecting alpha, beta, gamma, x-ray, cosmic and other radiations
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $54.31M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Italy leveraging its comparative advantages in machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Italy's specialization in machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar productscomplements Solomon Isds's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $54.31M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $54.31M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $54.31 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products and fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Italy's trade deficit of $52.70 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Italy and Solomon Isds represents a total trade volume of $54.31 million in 2023. This partnership demonstrates an unfavorable trade balance for Italy, with imports exceeding exportsby $52.70 million.
Export Strengths
Italy's exports to Solomon Isds total $806.16 thousand, with competitive advantages in machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products, representing $528,731 or65.6% of bilateral exports.
Import Dependencies
Imports from Solomon Isds amount to $53.50 million, highlighting economic interdependence in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), with Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) comprising99.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Italy's strategic sourcing from Solomon Isds. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Italy and Solomon Isds in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023