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03 NOVEMBER 2017 AL CIRCLE

Solomon Islands expected to witness a jump in exports of bauxite in 2017

EDITED BY : HEENA IQBAL 1MINS READ

Solomon Islands has a great potential of bauxite. The country’s production volume is estimated to reach three million tonnes in 2017.

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The country’s export of bauxite represents 90 per cent of the total exports.  The top export destination of the Solomon Islands is China. China imported 163,113 tonnes of bauxite from the country in September, up 54 % YOY. During January- September, Solomon Islands exported one million tonnes of bauxite.

Solomon Islands exported 278399 tonnes of bauxite globally in 2015. The total revenue from bauxite export amounts to about US$ 19 million.  Compared to 2015, in 2016, Solomon Islands exported an estimated 232978 tonnes of bauxite. The total revenue from the export stood at US$ 11 million.

In 2017, Solomon Islands is estimated to export 403436 tonnes of bauxite that would generate revenue of US$21 million.

Tagged with:

Bauxite trade Oceania China

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EDITED BY : HEENA IQBAL 1MINS READ

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