Solomon Isds-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $54.31M total volume •Solomon Isds surplus: $52.70M
Solomon Isds → Italy
$53.50M
Exports (2023)
Italy → Solomon Isds
$806,165
Imports (2023)
Trade Balance
$52.70M
Surplus for Solomon Isds
Total Trade
$54.31M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Solomon Isds and Italy. 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-Italy commercial relationship and competitive positioning in global markets.
Solomon Isds → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Solomon Isds's export portfolio to Italy demonstrates strategic specialization, with fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) representing a key competitive advantage in this bilateral market.
Italy → Solomon Isds Imports
Import Dependency Profile
📦 Import Strategy Analysis
Solomon Isds's import pattern from Italy reveals significant dependencyin machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Solomon Isds demonstrates competitive strength in exportingfish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) to Italy, 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: Solomon Isds-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $54.31 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Solomon Isds maintains a surplus of $52.70 million
- Export Focus: Solomon Isds's primary exports 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
- Import Dependencies: Key imports from Italy 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
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 Solomon Isds leveraging its comparative advantages in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced).
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 fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)complements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products.
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 fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) and machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Solomon Isds's trade surplus of $52.70 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 Italy represents a total trade volume of $54.31 million in 2023. This partnership demonstrates a favorable trade balance for Solomon Isds, with exports exceeding importsby $52.70 million.
Export Strengths
Solomon Isds's exports to Italy total $53.50 million, with competitive advantages in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), representing $53.43M or99.9% of bilateral exports.
Import Dependencies
Imports from Italy amount to $806.16 thousand, highlighting economic interdependence in machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products, with Machinery: industrial, for bakery and for the manufacture of macaroni, spaghetti or similar products comprising65.6% 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 Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023