US trade (export - import) with Solomon Islands in 2014

Published or Updated: Feb 09, 2017

The report on US foreign trade in goods with Solomon Islands in 2014: exports, imports, balance, product types and groups, dynamics.

US Trade with Solomon Islands

In 2014, US trade with Solomon Islands was $16.4 million, down 13.97% ($2.7 million) from 2013.

US exports to Solomon Islands in 2014 were $6.6 million, down 26.13% ($2.3 million) from 2013.

US imports from Solomon Islands in 2014 were $9.8 million, down 3.23% ($0.3 million) from 2013.

US trade deficit with Solomon Islands in 2014 was $3.2 million, a 169.68% increase ($2.0 million) over 2013.

Solomon Islands was the US 195th largest trading partner in 2014 (down from 189th in 2013), accounting for 0.0004% of US total trade (down from 0.0005% in 2013).

Solomon Islands was the US 195th largest export market in 2014 (down from 193rd in 2013), accounting for 0.0004% of US total exports (down from 0.0006% in 2013).

Solomon Islands was the US 167th largest supplier in 2014 (down from 166th in 2013), accounting for 0.0004% of US total imports (just as in 2013).

US Exports to Solomon Islands

The major share of US exports to Solomon Islands in 2014 (and in 2013) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 47.85% of US total exports to Solomon Islands (41.88% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.92% of US total exports to Solomon Islands (12.12% in 2013);
  • Chemical products (HS codes 28-40) - 3.84% of US total exports to Solomon Islands (0.72% in 2013);
  • Metals and products from them (HS codes 72-83) - 0.49% of US total exports to Solomon Islands (1.17% in 2013).

The largest gains in US exports to Solomon Islands in 2014 over 2013 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $431.8 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $172.8 thousand;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $122.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $122.4 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $45.7 thousand;
  • Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage (HS code 06) - an increase of $42.6 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $37.4 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $24.4 thousand;
  • Lac; gums, resins and other vegetable saps and extracts (HS code 13) - an increase of $22.1 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $21.4 thousand.

The largest declines in US exports to Solomon Islands in 2014 over 2013 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $1,247.4 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $683.3 thousand;
  • Cereals (HS code 10) - a decrease of $628.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $430.4 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $136.9 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - a decrease of $75.4 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $70.7 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $45.7 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $29.2 thousand;
  • Miscellaneous chemical products (HS code 38) - a decrease of $25.3 thousand.
US exports to Solomon Islands in 2014 by product groups
HS
code
Name of product group Value
of exports
in 2014
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2013
(USD thousand)
Change
in 2014
over 2013
(%)
02 Meat and edible meat offal 9.4 0.14 0.0
03 Fish and crustaceans, molluscs and other aquatic invertebrates 90.7 1.37 45.0101.60
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 42.6 0.64 0.0
10 Cereals 72.0 1.09 700.2-89.72
13 Lac; gums, resins and other vegetable saps and extracts 41.9 0.63 19.8111.91
21 Miscellaneous edible preparations 200.4 3.04 176.013.84
22 Beverages, spirits and vinegar 0.0 0.00 136.9-100.00
23 Residues and waste from the food industries; prepared animal feed 0.0 0.00 5.1-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 4.7 0.07 4.70.06
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 37.4 0.57 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 195.7 2.97 22.8756.45
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 8.0 0.12 4.0100.00
38 Miscellaneous chemical products 12.1 0.18 37.4-67.69
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 3.0 0.05 0.0
44 Wood and articles of wood; wood charcoal 0.0 0.00 19.5-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 3.0 0.05 9.7-69.29
62 Articles of apparel and clothing accessories, not knitted or crocheted 6.8 0.10 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 22.8 0.34 51.9-56.19
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 4.5-100.00
70 Glass and glassware 5.5 0.08 0.0
73 Articles of iron or steel 25.5 0.39 96.2-73.46
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 6.9 0.10 8.2-16.35
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 555.6 8.42 433.228.25
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 1,799.4 27.27 1,367.631.58
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 66.0 1.00 749.3-91.19
88 Aircraft, spacecraft, and parts thereof 452.4 6.86 498.1-9.17
89 Ships, boats and floating structures 24.4 0.37 3.1697.65
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 259.6 3.93 690.0-62.38
91 Clocks and watches and parts thereof 0.0 0.00 2.7-100.00
93 Arms and ammunition; parts and accessories thereof 0.0 0.00 75.4-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 122.7 1.86 0.0
95 Toys, games and sports requisites; parts and accessories thereof 14.6 0.22 0.0
96 Miscellaneous manufactured articles 0.0 0.00 8.8-100.00
99 Commodities not specified according to kind 2,516.0 38.13 3,763.4-33.15

US Imports from Solomon Islands

The major share of US imports from Solomon Islands in 2014 (and in 2013) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 87.18% of US total imports from Solomon Islands (95.94% in 2013).

The largest gains in US imports from Solomon Islands in 2014 over 2013 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $452.2 thousand;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $235.2 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $120.6 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $70.6 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $56.9 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $30.8 thousand.

The largest declines in US imports from Solomon Islands in 2014 over the 2013 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $807.9 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $535.4 thousand.
US imports from Solomon Islands in 2014 by product groups
HS
code
Name of product group Value
of imports
in 2014
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2013
USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 24.4 0.25 3.5594.22
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,047.1 10.70 1,855.0-43.55
05 Products of animal origin, not elsewhere specified or included 531.0 5.42 410.529.37
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 109.4 1.12 78.539.23
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 6,823.5 69.70 7,358.9-7.27
39 Plastics and articles thereof 0.0 0.00 10.8-100.00
44 Wood and articles of wood; wood charcoal 69.8 0.71 12.9441.25
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 3.0-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 18.8 0.19 0.0
64 Footwear, gaiters and the like; parts of such articles 0.8 0.01 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 73.7 0.75 3.12,295.15
96 Miscellaneous manufactured articles 322.7 3.30 87.4269.08
97 Works of art, collectors’ pieces and antiques 494.5 5.05 42.41,067.48
99 Commodities not specified according to kind 274.8 2.81 251.19.47
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce