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Solomon Islands

Solomon Islands ranked No. 203 in total trade value through February with a total of $1.84 million. Exports totaled $1.52 million and Imports totaled $319,732, a surplus of $1.2 million.

U.S. trade with Solomon Islands rose to $1.84 million through February

Solomon Islands’s trade with the United States rose to $1.84 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 9.56 percent below its total trade during the same time period last year. Solomon Islands’s exports increased 13.05 percent while imports fell 53.71 percent. The U.S. surplus with Solomon Islands was $1.2 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Low-Valued Imports and Exports; No. 2 Port of Los Angeles; No. 3 Houston’s George Bush Intercontinental Airport, Texas; 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 Newark No. 3 Port of Savannah, Ga. No. 4 Los Angeles International Airport and No. 5 Port of Long Beach. In the current time period, the top five accounted for 85.59 percent of Solomon Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports rose 10.34 percent to $592,521.
    Exports rose 10.34 percent to $592,521. There were no imports.
  • Trade with No. 2 Port of Los Angeles rose 1535.77 percent to $476,090.
    Exports rose 16873 percent to $476,090. There were no imports.
  • Trade with No. 3 Houston’s George Bush Intercontinental Airport, Texas totaled $212,622.
    There were no exports. Imports totaled $212,622.
  • Trade with No. 4 Los Angeles International Airport fell 37.74 percent to $168,312.
    Exports fell 47.18 percent to $126,552. Imports rose 35.88 percent to $41,760.
  • Trade with No. 5 Port of Long Beach fell 44.27 percent to $129,118.
    Exports fell 37.02 percent to $129,118. There were no imports.

Solomon Islands ranked No. 203 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 199.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Solomon Islands by value through February were the categories of Low value shipments; Misc. engines and motors, parts; Oil-based dyes for paints; Meteorological, hydraulic and survey equipment; and Wires, ropes, stranded, respectively. They accounted for 75.82 percent of total exports to Solomon Islands.

The value of the top five categories of U.S. imports from Solomon Islands –– Cell phones, related equipment; Coins; Plants for pharmacy, perfume, insecticides; Misc. live animals; and Prepared glues and adhesives –– accounted for 99.45 percent of all inbound shipments.

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

  • Low value shipments rose 10.34 percent compared to last year to $592,521.
  • Misc. engines and motors, parts rose 344.78 percent compared to last year to $256,907.
  • Oil-based dyes for paints totaled $113,215. The previous year, there were no exports in this category.
  • Meteorological, hydraulic and survey equipment totaled $110,000. The previous year, there were no exports in this category.
  • Wires, ropes, stranded totaled $83,379. The previous year, there were no exports in this category.

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

  • Cell phones, related equipment totaled $212,622. The previous year, there were no imports in this category.
  • Coins totaled $59,579. The previous year, there were no imports in this category.
  • Plants for pharmacy, perfume, insecticides rose 16.51 percent compared to last year to $31,800.
  • Misc. live animals rose 189.53 percent compared to last year to $9,960.
  • Prepared glues and adhesives totaled $4,013. 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.