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Solomon Islands

Solomon Islands ranked No. 188 in total trade value through August with a total of $22.28 million. Exports totaled $17.79 million and Imports totaled $4.5 million, a surplus of $13.29 million.

January – August 2019

Top Trading Ports

Total Trade: $22.28 million

RankPortTotal YTD
1Low-Valued Imports and Exports $7,292,930
2Port of Oakland, Calif. $4,910,663
3Port of Los Angeles $3,664,801
4Port of New York $1,544,278
5Los Angeles International Airport $1,209,666
6Port of Savannah, Ga. $900,964
7Port of Long Beach $666,985
8Cleveland’s Hopkins International Airport, Ohio $436,920
9Port of Honolulu, Hawaii $310,500
10John F. Kennedy International Airport $296,283

U.S. trade with Solomon Islands rose to $22.28 million through August

Solomon Islands’s trade with the United States rose to $22.28 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 84.73 percent above its total trade during the same time period last year. U.S. exports to Solomon Islands increased 88.41 percent while U.S. imports from Solomon Islands rose 71.48 percent. The U.S. surplus with Solomon Islands was $13.29 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Low-Valued Imports and Exports; No. 2 Port of Oakland, Calif.; No. 3 Port of Los Angeles; No. 4 Port of New York; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports No. 2 Los Angeles International Airport No. 3 Port of Long Beach No. 4 Port of Savannah, Ga. and No. 5 Port of Newark. In the current time period, the top five accounted for 83.57 percent of Solomon Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports rose 107.2 percent to $7.29 million.
    Exports rose 107.2 percent to $7.29 million. There were no imports.
  • Trade with No. 2 Port of Oakland, Calif. rose 4407.14 percent to $4.91 million.
    Exports rose 4491.72 percent to $4.91 million. There were no imports.
  • Trade with No. 3 Port of Los Angeles rose 570.15 percent to $3.66 million.
    Exports rose 128.9 percent to $1.19 million. Imports rose 8803.5 percent to $2.48 million.
  • Trade with No. 4 Port of New York rose 5360.48 percent to $1.54 million.
    Exports rose 5360.48 percent to $1.54 million. There were no imports.
  • Trade with No. 5 Los Angeles International Airport fell 45.17 percent to $1.21 million.
    Exports fell 56.82 percent to $817,730. Imports rose 25.4 percent to $391,936.

Solomon Islands ranked No. 188 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 200.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Solomon Islands by value through August were the categories of Low value shipments; Electric storage batteries; Misc. iron and steel articles; Misc. engines and motors, parts; and Civilian aircraft, parts, respectively. They accounted for 82.88 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; Value added to a returned import; Antiques; Plants for pharmacy, perfume, insecticides; and Cell phones, related equipment –– accounted for 91.47 percent of all inbound shipments.

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

  • Low value shipments rose 107.2 percent compared to last year to $7.29 million.
  • Electric storage batteries totaled $4.67 million. The previous year, there were no exports in this category.
  • Misc. iron and steel articles rose 5637.68 percent compared to last year to $1.56 million.
  • Misc. engines and motors, parts fell 54.48 percent compared to last year to $647,079.
  • Civilian aircraft, parts fell 25.73 percent compared to last year to $573,438.

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

  • Caviar, caviar substitutes, other prepared fish rose 35.64 percent compared to last year to $2.67 million.
  • Value added to a returned import rose 4601.75 percent compared to last year to $698,868.
  • Antiques rose 114.09 percent compared to last year to $279,246.
  • Plants for pharmacy, perfume, insecticides rose 32.57 percent compared to last year to $254,400.
  • Cell phones, related equipment totaled $212,622. The previous year, there were no imports in this category.

In the latest annual figures available, Solomon Islands recorded $12.69 million in trade with the United States. At year’s end, its were Low Value Shipments; Atlanta/Savannah; Los Angeles; San Francisco; and New York City. Total U.S. exports to Solomon Islands were $ 9.3 million and imports from Solomon Islands were $3.38 million. The U.S. surplus with Solomon Islands was $5.92 million.