US trade with Solomon Islands in the 2nd quarter of 2017

Published or Updated: Sep 04, 2017

The report on US foreign trade in goods with Solomon Islands in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Solomon Islands

In the 2nd quarter of 2017, US trade with Solomon Islands totaled $3.1 million, up 104.43% ($1.6 million) from the 2nd quarter of 2016.

US exports to Solomon Islands in the 2nd quarter of 2017 totaled $2.4 million, up 76.20% ($1.0 million) from the 2nd quarter of 2016.

US imports from Solomon Islands in the 2nd quarter of 2017 totaled $0.8 million, up 314.57% ($0.6 million) from the 2nd quarter of 2016.

US trade surplus with Solomon Islands in the 2nd quarter of 2017 was $1.6 million, a 39.21% increase ($0.5 million) over the 2nd quarter of 2016.

Solomon Islands was the US 197th largest trading partner in the 2nd quarter of 2017 (up from 201st in the 2nd quarter of 2016), accounting for 0.0003% of US total trade (up from 0.0002% in the 2nd quarter of 2016).

Solomon Islands was the US 188th largest export market in the 2nd quarter of 2017 (up from 192nd in the 2nd quarter of 2016), accounting for 0.0006% of US total exports (up from 0.0004% in the 2nd quarter of 2016).

Solomon Islands was the US 190th largest supplier in the 2nd quarter of 2017 (up from 205th in the 2nd quarter of 2016), accounting for 0.0001% of US total imports (up from 0.0000% in the 2nd quarter of 2016).

US Exports to Solomon Islands

The major share of US exports to Solomon Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 44.61% of US total exports to Solomon Islands (22.18% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 14.57% of US total exports to Solomon Islands (19.73% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.50% of US total exports to Solomon Islands (3.10% in the 2nd quarter of 2016).

The largest gains in US exports to Solomon Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Ships, boats and floating structures (HS code 89) - an increase of $280.0 thousand;
  • Cereals (HS code 10) - an increase of $234.5 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $209.6 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $132.8 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 $93.4 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $51.8 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $40.8 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $29.9 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $20.9 thousand.

The largest declines in US exports to Solomon Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Lac; gums, resins and other vegetable saps and extracts (HS code 13) - a decrease of $111.0 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $43.3 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $18.5 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $12.1 thousand.
US exports to Solomon Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
10 Cereals 326.7 13.75 92.3254.05
13 Lac; gums, resins and other vegetable saps and extracts 0.0 0.00 111.0-100.00
21 Miscellaneous edible preparations 19.5 0.82 62.8-68.99
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0.0 0.00 18.5-100.00
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 29.9 1.26 0.0
39 Plastics and articles thereof 5.8 0.24 17.9-67.63
83 Miscellaneous articles of base metal 2.9 0.12 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 170.0 7.15 37.2356.99
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 126.5 5.32 33.1282.06
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 6.5-100.00
88 Aircraft, spacecraft, and parts thereof 387.5 16.30 177.9117.83
89 Ships, boats and floating structures 280.0 11.78 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 96.2 4.05 44.4116.52
93 Arms and ammunition; parts and accessories thereof 20.9 0.88 0.0
95 Toys, games and sports requisites; parts and accessories thereof 40.8 1.72 0.0

US Imports from Solomon Islands

The major share of US imports from Solomon Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 93.11% of US total imports from Solomon Islands (90.25% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.47% of US total imports from Solomon Islands (6.46% in the 2nd quarter of 2016).

The largest gains in US imports from Solomon Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $586.3 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $27.2 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $16.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $7.0 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $3.5 thousand.

The largest declines in US imports from Solomon Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Live animals (HS code 01) - a decrease of $42.1 thousand;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $17.4 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $11.7 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $4.2 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - a decrease of $3.4 thousand.
US imports from Solomon Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 32.9 4.38 75.0-56.17
05 Products of animal origin, not elsewhere specified or included 66.8 8.90 50.133.43
08 Edible fruit and nuts; peel of citrus fruit or melons 6.4 0.85 9.8-34.70
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 7.0 0.94 11.3-37.48
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 586.3 78.04 0.0
18 Cocoa and cocoa preparations 0.0 0.00 17.4-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.7 0.10 0.0
44 Wood and articles of wood; wood charcoal 3.5 0.47 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 11.7-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 7.0 0.93 0.0
97 Works of art, collectors’ pieces and antiques 27.2 3.62 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce