US trade (export - import) with Solomon Islands in 2015

Published or Updated: Apr 14, 2017

The report on US foreign trade in goods with Solomon Islands in 2015: exports, imports, balance, product types and groups, dynamics.

US Trade with Solomon Islands

In 2015, US trade with Solomon Islands was $9.8 million, down 40.31% ($6.6 million) from 2014.

US exports to Solomon Islands in 2015 were $5.9 million, down 11.18% ($0.7 million) from 2014.

US imports from Solomon Islands in 2015 were $3.9 million, down 59.94% ($5.9 million) from 2014.

US trade balance with Solomon Islands went from a deficit of $3.2 million in 2014, to a surplus of $1.9 million in 2015.

Solomon Islands was the US 198th largest trading partner in 2015 (down from 195th in 2014), accounting for 0.0003% of US total trade (down from 0.0004% in 2014).

Solomon Islands was the US 193rd largest export market in 2015 (up from 195th in 2014), accounting for 0.0004% of US total exports (just as in 2014).

Solomon Islands was the US 184th largest supplier in 2015 (down from 167th in 2014), accounting for 0.0002% of US total imports (down from 0.0004% in 2014).

US Exports to Solomon Islands

The major share of US exports to Solomon Islands in 2015 (and in 2014) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 45.86% of US total exports to Solomon Islands (47.85% in 2014);
  • Chemical products (HS codes 28-40) - 5.60% of US total exports to Solomon Islands (3.84% in 2014);
  • Food products and agricultural raw materials (HS codes 01-24) - 2.83% of US total exports to Solomon Islands (6.92% in 2014);
  • Wood and wood products (HS codes 44-49) - 1.71% of US total exports to Solomon Islands (0.05% in 2014).

The largest gains in US exports to Solomon Islands in 2015 over 2014 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $551.8 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $400.0 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $144.6 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $97.0 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $62.6 thousand.

The largest declines in US exports to Solomon Islands in 2015 over 2014 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) - a decrease of $645.1 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $373.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $239.6 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $158.3 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) - a decrease of $111.9 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $90.7 thousand;
  • Cereals (HS code 10) - a decrease of $72.0 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $61.9 thousand;
  • Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage (HS code 06) - a decrease of $42.6 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $40.9 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $40.6 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $37.4 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $25.5 thousand.
US exports to Solomon Islands in 2015 by product groups
HS
code
Name of product group Value
of exports
in 2015
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2014
(USD thousand)
Change
in 2015
over 2014
(%)
02 Meat and edible meat offal 0.0 0.00 9.4-100.00
03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.0 0.00 90.7-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0.0 0.00 42.6-100.00
10 Cereals 0.0 0.00 72.0-100.00
13 Lac; gums, resins and other vegetable saps and extracts 27.7 0.47 41.9-33.94
21 Miscellaneous edible preparations 138.5 2.36 200.4-30.89
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 4.7-100.00
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 37.4-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 155.1 2.65 195.7-20.77
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 0.14 8.00.00
38 Miscellaneous chemical products 156.7 2.67 12.11,196.74
39 Plastics and articles thereof 8.4 0.14 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.0 0.00 3.0-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 100.0 1.71 3.03,246.72
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 6.8-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 6.4 0.11 22.8-71.92
70 Glass and glassware 0.0 0.00 5.5-100.00
73 Articles of iron or steel 0.0 0.00 25.5-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 6.9-100.00
83 Miscellaneous articles of base metal 6.1 0.10 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 316.0 5.39 555.6-43.13
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 1,154.3 19.69 1,799.4-35.85
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 25.1 0.43 66.0-62.00
88 Aircraft, spacecraft, and parts thereof 1,004.3 17.13 452.4121.97
89 Ships, boats and floating structures 87.1 1.49 24.4256.28
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 101.3 1.73 259.6-60.98
91 Clocks and watches and parts thereof 7.0 0.12 0.0
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 10.8 0.18 122.7-91.20
95 Toys, games and sports requisites; parts and accessories thereof 6.5 0.11 14.6-55.54
97 Works of art, collectors’ pieces and antiques 400.0 6.82 0.0
99 Commodities not specified according to kind 2,142.4 36.55 2,516.0-14.85

US Imports from Solomon Islands

The major share of US imports from Solomon Islands in 2015 (and in 2014) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 91.44% of US total imports from Solomon Islands (87.18% in 2014).

The largest gains in US imports from Solomon Islands in 2015 over 2014 were recorded for the following product groups:

  • Cocoa and cocoa preparations (HS code 18) - an increase of $200.9 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $91.9 thousand;
  • Live animals (HS code 01) - an increase of $59.3 thousand.

The largest declines in US imports from Solomon Islands in 2015 over the 2014 were recorded for the following product groups:

  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $4,139.2 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $929.5 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $450.9 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $232.7 thousand;
  • Miscellaneous manufactured articles (HS code 96) - a decrease of $180.7 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $164.6 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $67.1 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $40.9 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $15.9 thousand.
US imports from Solomon Islands in 2015 by product groups
HS
code
Name of product group Value
of imports
in 2015
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2014
USD thousand)
Change
in 2015
over 2014
(%)
01 Live animals 83.6 2.13 24.4242.89
03 Fish and crustaceans, molluscs and other aquatic invertebrates 117.6 3.00 1,047.1-88.77
05 Products of animal origin, not elsewhere specified or included 298.3 7.61 531.0-43.82
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 201.2 5.13 109.484.00
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,684.3 68.45 6,823.5-60.66
18 Cocoa and cocoa preparations 200.9 5.12 0.0
39 Plastics and articles thereof 1.7 0.04 0.0
44 Wood and articles of wood; wood charcoal 28.8 0.73 69.8-58.69
62 Articles of apparel and clothing accessories, not knitted or crocheted 2.9 0.07 18.8-84.69
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 0.8-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 6.5 0.17 73.7-91.17
96 Miscellaneous manufactured articles 141.9 3.62 322.7-56.01
97 Works of art, collectors’ pieces and antiques 43.7 1.11 494.5-91.17
99 Commodities not specified according to kind 110.3 2.81 274.8-59.88
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce