Find Industry and Manufacturing expertise in Solomon Islands
Manufacturing contributed 5.92% of GDP to Solomon Islands in 2011. The country is classified as 92 out of 185 countries by the World Bank for ease of doing business, a ranking based on how conducive the regulatory environment is to the opening and operation of a local firm. Industrial production was estimated to be growing at a rate of 0.7% in 2009 (CIA World Factbook).
Solomon Islands’ main industries include fisheries, forestry and mining, with most manufactured produce being food, beverages, tobacco and wood products. The production of tuna and timber in particular plays a vital role in the country’s economy. Kolombangara Forest Products Ltd is the largest sustainable re-afforestation company in Solomon Islands, engaging in sustainable forestry and wood production for export as well as domestic use.
Fuels and chemicals are imported, mainly from Singapore and Australia, as there are few resources in Solomon Islands to facilitate their manufacture. Solomon Islands’ manufacturing potential is hampered due to the country’s geographic dispersion, irregular electricity supply and a lack of skilled labour.
Exports include timber, fish, copra, palm oil and cocoa, most of which are exported to China with some produce traveling to Australia. In 2010, exports are estimated to have contributed US$226.5 million to Solomon Islands’ economy (CIA World Factbook).
Solomon Islands’ private sector is represented by Solomon Islands Chamber of Commerce and Industry (SICCI), which operates mainly in Honiara. SICCI works to facilitate communication between the government and its member organisations, while helping to foster investment in Solomon Islands.
|Industry and Manufacturing organisations in Solomon Islands|
|Quitales Properties Ltd||