Solomon Islands

In 2013, the value of merchandise exports of Solomon Islands decreased slightly by 0.5 percent to reach 489.2 mln US$, while its merchandise imports increased substantially by 17.6 percent to reach 580.2 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 91.0 mln US$ (see graph 1). The largest merchandise trade balance was with MDG South-eastern Asia at -206.2 mln US$ (see graph 4). Merchandise exports in Solomon Islands were highly concentrated amongst partners; imports were moderately concentrated. The top 5 partners accounted for 80 percent or more of exports and 6 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Solomon Islands increased slightly by 2.6 percent, reaching 142.2 mln US$, while its imports of services decreased slightly by 2.5 percent and reached 190.2 mln US$ (see graph 2). There was a moderate trade in services deficit of 48.0 mln US$.

Related Subject(s): International Trade and Finance

Countries: Solomon Islands