US trade with Solomon Islands in the 4th quarter of 2017

Published or Updated: Apr 11, 2018

The report on US foreign trade in goods with Solomon Islands in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Solomon Islands

In the 4th quarter of 2017, US trade with Solomon Islands was $3.4 million, down 16.57% ($0.7 million) from the 4th quarter of 2016.

US exports to Solomon Islands in the 4th quarter of 2017 were $2.2 million, down 38.34% ($1.4 million) from the 4th quarter of 2016.

US imports from Solomon Islands in the 4th quarter of 2017 totaled $1.2 million, up 129.24% ($0.7 million) from the 4th quarter of 2016.

US trade surplus with Solomon Islands in the 4th quarter of 2017 was $1.0 million, a 67.76% decrease ($2.1 million) over the 4th quarter of 2016.

Solomon Islands was the US 194th largest trading partner in the 4th quarter of 2017 (down from 187th in the 4th quarter of 2016), accounting for 0.0003% of US total trade (down from 0.0004% in the 4th quarter of 2016).

Solomon Islands was the US 191st largest export market in the 4th quarter of 2017 (down from 181st in the 4th quarter of 2016), accounting for 0.0005% of US total exports (down from 0.0009% in the 4th quarter of 2016).

Solomon Islands was the US 181st largest supplier in the 4th quarter of 2017 (up from 187th in the 4th quarter of 2016), accounting for 0.0002% of US total imports (up from 0.0001% in the 4th quarter of 2016).

US Exports to Solomon Islands

The major share of US exports to Solomon Islands in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 48.51% of US total exports to Solomon Islands (42.95% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 8.08% of US total exports to Solomon Islands (2.83% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.95% of US total exports to Solomon Islands (5.50% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.85% of US total exports to Solomon Islands (4.58% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.74% of US total exports to Solomon Islands (1.96% in the 4th quarter of 2016).

The largest gains in US exports to Solomon Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $261.8 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $89.6 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $88.2 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $38.4 thousand.

The largest declines in US exports to Solomon Islands in the 4th quarter of 2017 over the 4th quarter of 2016 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 $673.6 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $652.5 thousand;
  • Cereals (HS code 10) - a decrease of $124.1 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $119.9 thousand;
  • Miscellaneous chemical products (HS code 38) - a decrease of $96.2 thousand;
  • Ores, slag and ash (HS code 26) - a decrease of $70.0 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $30.6 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $29.4 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $23.1 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $17.4 thousand.
US exports to Solomon Islands in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
10 Cereals 19.2 0.87 143.3-86.58
21 Miscellaneous edible preparations 23.7 1.08 53.1-55.37
26 Ores, slag and ash 0.0 0.00 70.0-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 38.4 1.74 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 88.2 4.01 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 89.6 4.07 0.0
38 Miscellaneous chemical products 0.0 0.00 96.2-100.00
39 Plastics and articles thereof 0.0 0.00 5.0-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 4.2 0.19 21.6-80.43
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 4.2-100.00
73 Articles of iron or steel 40.8 1.85 160.7-74.62
74 Copper and articles thereof 0.0 0.00 2.9-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 366.7 16.66 104.9249.66
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 305.9 13.90 979.5-68.77
88 Aircraft, spacecraft, and parts thereof 331.9 15.08 362.5-8.44
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 63.2 2.87 86.3-26.73
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 14.4 0.65 17.4-17.13
95 Toys, games and sports requisites; parts and accessories thereof 9.9 0.45 5.0100.12
99 Commodities not specified according to kind 804.9 36.57 1,457.4-44.77

US Imports from Solomon Islands

The major share of US imports from Solomon Islands in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 89.22% of US total imports from Solomon Islands (94.79% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 9.64% of US total imports from Solomon Islands (1.28% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 0.37% of US total imports from Solomon Islands (1.25% in the 4th quarter of 2016).

The largest gains in US imports from Solomon Islands in the 4th quarter of 2017 over the 4th 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 $561.9 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $101.7 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $21.0 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $15.1 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 $9.3 thousand;
  • Albuminoidal substances; modified starches; glues; enzymes (HS code 35) - an increase of $4.5 thousand.

The largest declines in US imports from Solomon Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Live animals (HS code 01) - a decrease of $9.9 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $6.7 thousand;
  • Clocks and watches and parts thereof (HS code 91) - a decrease of $4.9 thousand.
US imports from Solomon Islands in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
01 Live animals 13.9 1.14 23.8-41.64
05 Products of animal origin, not elsewhere specified or included 49.5 4.05 28.573.75
08 Edible fruit and nuts; peel of citrus fruit or melons 0.0 0.00 3.1-100.00
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 35.6 2.91 20.573.38
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 991.3 81.12 429.4130.85
35 Albuminoidal substances; modified starches; glues; enzymes 4.5 0.37 0.0
39 Plastics and articles thereof 0.0 0.00 6.7-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 101.7 8.32 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 16.1 1.32 6.8136.65
91 Clocks and watches and parts thereof 0.0 0.00 4.9-100.00
99 Commodities not specified according to kind 9.4 0.77 9.40.27
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce