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Solomon Islands Net Trade (Goods & Services, BoP)

Solomon Islands' net trade (goods & services, bop) fell to $-214.25 million in 2024, down from $-337.59 million in 2023, according to World Bank. This represents a decrease of 36.5% ($123.33 million) from the previous year. The Solomon Islands has net trade (goods & services, bop) higher than the global median (-$214.25 million vs median -$215.12 million). Compared with the median in Oceania, the Solomon Islands is lower (-$214.25 million vs regional median -$206.02 million) and ranks 8th out of 13 countries in Oceania.

Yearly Historical Data (1975-2024)

(in Million USD)
Year Net Trade (Goods & Services, BoP) (Million USD)
2024 -214.25
2023 -337.59
2022 -353.28
2021 -205.8
2020 -127.43
2019 -161.62
2018 -67.56
2017 -85.21
2016 -71.76
2015 -94.37
2014 -115.94
2013 -139.03
2012 -18.62
2011 -72.95
2010 -232.21
2009 -119.94
2008 -133.37
2007 -139.12
2006 -100.82
2005 -96.89
2004 -46.27
2003 -63.97
2002 -68.3
2001 -74.89
2000 -43.41
1999 23.34
1998 -17.53
1997 -64.92
1996 -21.37
1995 -21.35
1994 -56.06
1993 -46.05
1992 -27.7
1991 -65.2
1990 -60.58
1989 -68.33
1988 -66.94
1987 -35.03
1986 -36.81
1985 -34.64
1984 -3.61
1983 -18.46
1982 -24.1
1981 -34.36
1980 -17.11
1979 -4.97
1978 -12.48
1977 -3.1
1976 -7.45
1975 -20.42
Solomon Islands Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Solomon Islands, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $569.11M $499.71M 2018
Annual Imports $601.39M $571.77M 2018
Exports (% GDP) 26.29% 27.17% 2022
FDI Inflows (% GDP) 1.87% 4.75% 2024
Imports (% GDP) 51.75% 39.46% 2022
Tariff Rate 11.9% 10.11% 2022
Trade (% GDP) 78.04% 66.64% 2022