Net trade in goods and services in Solomon Islands
Solomon Islands: Net trade in goods and services was -214.25 million BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Solomon Islands, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Solomon Islands is -214.25 million BoP, current US$, measured in 2024.
The figure is up 36.5% on the previous year and down 84.8% over ten years.
Over the whole period, net trade in goods and services in Solomon Islands peaked at 23.34 million BoP, current US$ in 1999 and was at its lowest, -353.28 million BoP, current US$, in 2022.
Solomon Islands ranks 97th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -9.68 million BoP, current US$ | -20.42 million BoP, current US$ | -3.10 million BoP, current US$ | 5 |
| 1980s | -33.94 million BoP, current US$ | -68.33 million BoP, current US$ | -3.61 million BoP, current US$ | 10 |
| 1990s | -35.74 million BoP, current US$ | -65.20 million BoP, current US$ | 23.34 million BoP, current US$ | 10 |
| 2000s | -88.70 million BoP, current US$ | -139.12 million BoP, current US$ | -43.41 million BoP, current US$ | 10 |
| 2010s | -105.93 million BoP, current US$ | -232.21 million BoP, current US$ | -18.62 million BoP, current US$ | 10 |
| 2020s | -247.67 million BoP, current US$ | -353.28 million BoP, current US$ | -127.43 million BoP, current US$ | 5 |
Countries ranked near Solomon Islands
- 94 Palau -143.53 million BoP, current US$ compare
- 95 Grenada -186.47 million BoP, current US$ compare
- 96 Samoa -195.43 million BoP, current US$ compare
- 98 Chad -221.38 million BoP, current US$ compare
- 99 Mongolia -235.74 million BoP, current US$ compare
- 100 Saint Vincent and the Grenadines -236.56 million BoP, current US$ compare
More economy & growth data for Solomon Islands
- Final consumption expenditure 108.1% (2024)
- Manufacturing, value added 10.1% (2024)
- Households and NPISHs final consumption expenditure 81.9% (2024)
- Final consumption expenditure 1.71 billion current US$ (2024)
- Final consumption expenditure 14.48 billion current LCU (2024)
- Final consumption expenditure 1.65 billion constant 2015 US$ (2024)
- Final consumption expenditure 7.8% (2024)
- Manufacturing, value added 834.12 million constant LCU (2024)
- Gross national expenditure 127.6% (2024)
- Manufacturing, value added 1.35 billion current LCU (2024)
Frequently asked questions
- What is net trade in goods and services in Solomon Islands?
- Net trade in goods and services in Solomon Islands was -214.25 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Solomon Islands?
- The highest recorded value was 23.34 million BoP, current US$ in 1999.
- What is the lowest net trade in goods and services recorded in Solomon Islands?
- The lowest recorded value was -353.28 million BoP, current US$ in 2022.
- How does Solomon Islands rank for net trade in goods and services?
- Solomon Islands ranks 97th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Solomon Islands?
- Over the last ten years it is down 84.8%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.