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Solomon Islands Trade Summary

2018

Solomon Islands exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SOLOMON ISLANDS 2018

Overall Exports and Imports for Solomon Islands 2018

Exports and imports of Solomon Islands in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 569 million.
  • The total value of imports (CIF) was 601 million.
  • At the HS6 digit level, 266 products were exported to 48 countries and 2,754 products were imported from 93 countries.

Solomon Islands top 5 Export and Import partners 2018

Top five countries to which Solomon Islands exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Solomon Islands exports to China worth US$ 380 million, with a partner share of 66.83 percent.
  2. Solomon Islands exports to Italy worth US$ 41 million, with a partner share of 7.22 percent.
  3. Solomon Islands exports to India worth US$ 29 million, with a partner share of 5.08 percent.
  4. Solomon Islands exports to Switzerland worth US$ 14 million, with a partner share of 2.44 percent.
  5. Solomon Islands exports to Thailand worth US$ 12 million, with a partner share of 2.10 percent.

Top five countries from which Solomon Islands imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Solomon Islands imports from Australia worth US$ 110 million, with a partner share of 18.22 percent.
  2. Solomon Islands imports from Singapore worth US$ 98 million, with a partner share of 16.27 percent.
  3. Solomon Islands imports from China worth US$ 89 million, with a partner share of 14.87 percent.
  4. Solomon Islands imports from Malaysia worth US$ 78 million, with a partner share of 12.93 percent.
  5. Solomon Islands imports from Other Asia, nes worth US$ 43 million, with a partner share of 7.17 percent.

Solomon Islands Top 5 Productsexports imports at HS 6 digit level 2018

The top five exported HS 6 digit level products to world by Solomon Islands along with trade value are:

  1. Solomon Islands exported Keruing, Ramin, Kapur, Teak, Jongkong, Merbau, , worth US$ 396,864.95 million.
  2. Solomon Islands exported Prepared or preserved tuna, skipjack and bonito , worth US$ 39,893.17 million.
  3. Solomon Islands exported Crude palm oil , worth US$ 22,825.58 million.
  4. Solomon Islands exported Aluminium ores and concentrates , worth US$ 21,288.89 million.
  5. Solomon Islands exported Wood in the rough..., treated with paint, stain , worth US$ 9,303.56 million.

The top five imported HS 6 digit level products from world by Solomon Islands along with trade value are

  1. Solomon Islands imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 93,996.55 million.
  2. Solomon Islands imported Semi-milled or wholly milled rice , worth US$ 37,396.60 million.
  3. Solomon Islands imported Fishing vessels and factory ships , worth US$ 37,229.78 million.
  4. Solomon Islands imported Bulldozers and angledozers, wheeled , worth US$ 14,923.06 million.
  5. Solomon Islands imported Automobiles with reciprocating piston engine di , worth US$ 14,248.17 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Solomon Islands in 2018 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 12.24 percent.
  • The trade weighted average tariff was 30.28 .
  • The total duty free imports in thousands of US dollars were 74,588.49 and duty free tariff line items share was 8.51 percent.

Development Indicators 2018

Key Development Indicators of Solomon Islands in 2018 are below

  • Solomon Islands GDP in current US dollar was 1,575 million.
  • GNI per capita, Atlas method (current US$) was 2,360.00 .
  • Solomon Islands Trade balance: as % of GDP was -4.32.
  • Trade balance in current US$ was -68.00 million.
  • Trade as percentage of GDP was 91.24 .
  • Trade in services as percentage of GDP was 23.08 .

Trade Indicators 2018

Trade Indicators for Solomon Islands in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.46.
  • Index of export market penetration was 1.26.
  • World Growth in percentage was 3.50 and Solomon Islands Country Growth was 5.05 .