Solomon Islands

In 2014, the value of merchandise exports of Solomon Islands decreased moderately by 6.3 percent to reach 458.5 mln US$, while its merchandise imports decreased substantially by 13.9 percent to reach 499.6 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 41.1 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at 205.2 mln US$ (see graph 4). Merchandise exports in Solomon Islands were highly concentrated amongst partners; imports were moderately concentrated. The top 4 partners accounted for 80 percent or more of exports and 6 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Solomon Islands increased slightly by 4.8 percent, reaching 124.8 mln US$, while its imports of services increased substantially by 30.8 percent and reached 265.8 mln US$ (see graph 2). There was a relatively large trade in services deficit of 141.0 mln US$.

Related Subject(s): International Trade and Finance

Countries: Solomon Islands