Solomon Islands

Solomon Islands ranked No. 207 in total trade value through June with a total of $4.27 million. Exports totaled $2.79 million and Imports totaled $1.49 million, a surplus of $1.3 million.

U.S. trade with Solomon Islands rose to $4.27 million through June

Solomon Islands’s trade with the United States rose to $4.27 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 66.37 percent below its total trade during the same time period last year. U.S. exports to Solomon Islands decreased 73.18 percent while U.S. imports from Solomon Islands fell 35.89 percent. The U.S. surplus with Solomon Islands was $1.3 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Low-Valued Imports and Exports; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Los Angeles International Airport; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports; No. 2 Port of Los Angeles; No. 3 Port of New York; No. 4 Port of Oakland, Calif. and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 81.52 percent of Solomon Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 25.18 percent to $1.24 million.
    Exports fell 97.23 percent to $32,556. Imports rose 150.68 percent to $1.21 million.
  • Trade with No. 2 Low-Valued Imports and Exports fell 78.48 percent to $911,149.
    Exports fell 78.48 percent to $911,149. There were no imports.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio rose 78.53 percent to $536,025.
    Exports rose 55.85 percent to $461,680. Imports rose 1752.14 percent to $74,345.
  • Trade with No. 4 Los Angeles International Airport fell 52.83 percent to $466,973.
    Exports fell 44.13 percent to $405,052. Imports fell 76.63 percent to $61,921.
  • Trade with No. 5 Port of Long Beach fell 18.47 percent to $327,142.
    Exports fell 6.43 percent to $299,817. Imports fell 66.2 percent to $27,325.

Solomon Islands ranked No. 207 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 193.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Solomon Islands by value through June were the categories of Low value shipments; Cell phones, related equipment; Civilian aircraft, parts; Meteorological, hydraulic and survey equipment; and Chicken and other poultry, respectively. They accounted for 67.33 percent of total exports to Solomon Islands.

The value of the top five categories of U.S. imports from Solomon Islands –– Caviar, caviar substitutes, other prepared fish; Coins; Misc. live animals; Vegetable extracts, pectates, agar, etc.; and Misc. engines and motors, parts –– accounted for 92.1 percent of all inbound shipments.

Looking more closely at U.S. exports to Solomon Islands:

  • Low value shipments fell 78.48 percent compared to last year to $911,149.
  • Cell phones, related equipment rose 56.48 percent compared to last year to $517,074.
  • Civilian aircraft, parts fell 54.18 percent compared to last year to $188,991.
  • Meteorological, hydraulic and survey equipment rose 13.97 percent compared to last year to $130,000.
  • Chicken and other poultry totaled $128,396. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Solomon Islands:

  • Caviar, caviar substitutes, other prepared fish fell 4.63 percent compared to last year to $1.19 million.
  • Coins rose 11.46 percent compared to last year to $71,266.
  • Misc. live animals fell 61.34 percent compared to last year to $40,973.
  • Vegetable extracts, pectates, agar, etc. totaled $34,200. The previous year, there were no imports in this category.
  • Misc. engines and motors, parts totaled $28,515. The previous year, there were no imports in this category.

In the latest annual figures available, Solomon Islands recorded $25.66 million in trade with the United States. Total U.S. exports to Solomon Islands were $ 19.83 million and imports from Solomon Islands were $5.83 million. The U.S. surplus with Solomon Islands was $14 million.