Solomon Isds-China Bilateral Trade Analysis 2023
Complete trade statistics: $535.54M total volume •Solomon Isds surplus: $74.52M
Solomon Isds → China
$305.03M
Exports (2023)
China → Solomon Isds
$230.51M
Imports (2023)
Trade Balance
$74.52M
Surplus for Solomon Isds
Total Trade
$535.54M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Solomon Isds and China. Green line shows exports from Solomon Isds, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Solomon Isds-China commercial relationship and competitive positioning in global markets.
Solomon Isds → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Solomon Isds's export portfolio to China demonstrates strategic specialization, with wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated representing a key competitive advantage in this bilateral market.
China → Solomon Isds Imports
Import Dependency Profile
📦 Import Strategy Analysis
Solomon Isds's import pattern from China reveals strategic sourcingin iron or steel: structures and parts thereof, n.e.c. in heading 7308, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Solomon Isds demonstrates competitive strength in exportingwood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $535.54M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Solomon Isds-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $535.54 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Solomon Isds maintains a surplus of $74.52 million
- Export Focus: Solomon Isds's primary exports include wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, wood: in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, n.e.c. in heading no. 4403, precious metal ores and concentrates: (excluding silver)
- Import Dependencies: Key imports from China include iron or steel: structures and parts thereof, n.e.c. in heading 7308, plastics: carboys, bottles, flasks and similar articles, for the conveyance or packing of goods, cement: portland, other than white, whether or not artificially coloured
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 $535.54M 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 Solomon Isds leveraging its comparative advantages in wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated.
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
Solomon Isds's specialization in wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreatedcomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or steel: structures and parts thereof, n.e.c. in heading 7308.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $535.54M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $535.54M 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 $535.54 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated and iron or steel: structures and parts thereof, n.e.c. in heading 7308 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Solomon Isds's trade surplus of $74.52 million strengthens 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 Solomon Isds and China represents a total trade volume of $535.54 million in 2023. This partnership demonstrates a favorable trade balance for Solomon Isds, with exports exceeding importsby $74.52 million.
Export Strengths
Solomon Isds's exports to China total $305.03 million, with competitive advantages in wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, representing $193.87M or63.6% of bilateral exports.
Import Dependencies
Imports from China amount to $230.51 million, highlighting economic interdependence in iron or steel: structures and parts thereof, n.e.c. in heading 7308, with Iron or steel: structures and parts thereof, n.e.c. in heading 7308 comprising3.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Solomon Isds's competitive position in this bilateral relationship. 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 Solomon Isds and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023