US trade with Solomon Islands in the 1st quarter of 2017

Published or Updated: Aug 09, 2017

The report on US foreign trade in goods with Solomon Islands in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Solomon Islands

In the 1st quarter of 2017, US trade with Solomon Islands totaled $2.6 million, up 66.08% ($1.0 million) from the 1st quarter of 2016.

US exports to Solomon Islands in the 1st quarter of 2017 totaled $2.3 million, up 73.48% ($1.0 million) from the 1st quarter of 2016.

US imports from Solomon Islands in the 1st quarter of 2017 totaled $0.3 million, up 27.07% ($0.1 million) from the 1st quarter of 2016.

US trade surplus with Solomon Islands in the 1st quarter of 2017 was $2.0 million, a 84.34% increase ($0.9 million) over the 1st quarter of 2016.

Solomon Islands was the US 195th largest trading partner in the 1st quarter of 2017 (up from 202nd in the 1st quarter of 2016), accounting for 0.0003% of US total trade (up from 0.0002% in the 1st quarter of 2016).

Solomon Islands was the US 188th largest export market in the 1st quarter of 2017 (up from 194th in the 1st quarter of 2016), accounting for 0.0006% of US total exports (up from 0.0004% in the 1st quarter of 2016).

Solomon Islands was the US 196th largest supplier in the 1st quarter of 2017 (up from 199th in the 1st quarter of 2016), accounting for 0.0001% of US total imports (up from 0.0000% in the 1st quarter of 2016).

US Exports to Solomon Islands

The major share of US exports to Solomon Islands in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 45.77% of US total exports to Solomon Islands (48.30% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 10.61% of US total exports to Solomon Islands (4.87% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 8.93% of US total exports to Solomon Islands (5.60% in the 1st quarter of 2016).

The largest gains in US exports to Solomon Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $305.8 thousand;
  • Cereals (HS code 10) - an increase of $224.0 thousand;
  • 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 $184.5 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $178.9 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $49.3 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $31.9 thousand.

The largest declines in US exports to Solomon Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $164.5 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $50.0 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $44.4 thousand;
  • Miscellaneous chemical products (HS code 38) - a decrease of $38.7 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $12.3 thousand;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - a decrease of $9.1 thousand.
US exports to Solomon Islands in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
10 Cereals 224.0 9.73 0.0
21 Miscellaneous edible preparations 20.2 0.88 64.6-68.68
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 197.4 8.58 18.5966.34
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 0.0 0.00 5.5-100.00
38 Miscellaneous chemical products 8.0 0.35 46.8-82.82
39 Plastics and articles thereof 0.0 0.00 3.6-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 12.3-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 9.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 104.2 4.53 54.989.77
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 389.8 16.93 205.389.86
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 5.8 0.25 0.0
88 Aircraft, spacecraft, and parts thereof 463.9 20.16 158.1193.36
89 Ships, boats and floating structures 31.9 1.38 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 58.0 2.52 222.5-73.93
97 Works of art, collectors’ pieces and antiques 0.0 0.00 50.0-100.00

US Imports from Solomon Islands

The major share of US imports from Solomon Islands in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 63.98% of US total imports from Solomon Islands (78.53% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 14.01% of US total imports from Solomon Islands (0.00% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 4.77% of US total imports from Solomon Islands (0.00% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.65% of US total imports from Solomon Islands (1.14% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.00% of US total imports from Solomon Islands (4.42% in the 1st quarter of 2016).

The largest gains in US imports from Solomon Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $136.6 thousand;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $35.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $17.2 thousand;
  • 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 $14.9 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $13.8 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $12.7 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $6.2 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $1.4 thousand.

The largest declines in US imports from Solomon Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Cocoa and cocoa preparations (HS code 18) - a decrease of $89.3 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $31.9 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $22.5 thousand;
  • Live animals (HS code 01) - a decrease of $14.7 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $7.2 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - a decrease of $3.9 thousand.
US imports from Solomon Islands in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 6.3 1.96 20.9-70.14
05 Products of animal origin, not elsewhere specified or included 192.0 60.07 55.5246.20
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 31.9-100.00
18 Cocoa and cocoa preparations 0.0 0.00 89.3-100.00
20 Preparations of vegetables, fruit, nuts or other parts of plants 6.2 1.95 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 13.8 4.32 0.0
39 Plastics and articles thereof 1.4 0.45 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 0.3-100.00
44 Wood and articles of wood; wood charcoal 2.1 0.65 2.9-27.53
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 7.2-100.00
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 3.9-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 17.2 5.37 0.0
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 14.9 4.67 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 12.7 3.97 0.0
96 Miscellaneous manufactured articles 35.7 11.17 0.0
97 Works of art, collectors’ pieces and antiques 12.8 4.00 35.3-63.73
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce