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
Latest (2024)
-214.25 million BoP, current US$
Change on year
up 36.5%
World rank
97th
of 200 countries
All-time high
23.34 million BoP, current US$
in 1999
All-time low
-353.28 million BoP, current US$
in 2022
Years of data
50
1975–2024
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$, in 2022.
Solomon Islands ranks 97th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Solomon Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | -20.42 million BoP, current US$ | — |
| 1976 | -7.45 million BoP, current US$ | -63.5% |
| 1977 | -3.10 million BoP, current US$ | -58.4% |
| 1978 | -12.48 million BoP, current US$ | +301.8% |
| 1979 | -4.97 million BoP, current US$ | -60.2% |
| 1980 | -17.11 million BoP, current US$ | +244.6% |
| 1981 | -34.36 million BoP, current US$ | +100.8% |
| 1982 | -24.10 million BoP, current US$ | -29.9% |
| 1983 | -18.46 million BoP, current US$ | -23.4% |
| 1984 | -3.61 million BoP, current US$ | -80.4% |
| 1985 | -34.64 million BoP, current US$ | +859.3% |
| 1986 | -36.81 million BoP, current US$ | +6.2% |
| 1987 | -35.03 million BoP, current US$ | -4.8% |
| 1988 | -66.94 million BoP, current US$ | +91.1% |
| 1989 | -68.33 million BoP, current US$ | +2.1% |
| 1990 | -60.58 million BoP, current US$ | -11.3% |
| 1991 | -65.20 million BoP, current US$ | +7.6% |
| 1992 | -27.70 million BoP, current US$ | -57.5% |
| 1993 | -46.05 million BoP, current US$ | +66.3% |
| 1994 | -56.06 million BoP, current US$ | +21.7% |
| 1995 | -21.35 million BoP, current US$ | -61.9% |
| 1996 | -21.37 million BoP, current US$ | +0.1% |
| 1997 | -64.92 million BoP, current US$ | +203.8% |
| 1998 | -17.53 million BoP, current US$ | -73.0% |
| 1999 | 23.34 million BoP, current US$ | -233.1% |
| 2000 | -43.41 million BoP, current US$ | -286.0% |
| 2001 | -74.89 million BoP, current US$ | +72.5% |
| 2002 | -68.30 million BoP, current US$ | -8.8% |
| 2003 | -63.97 million BoP, current US$ | -6.3% |
| 2004 | -46.27 million BoP, current US$ | -27.7% |
| 2005 | -96.89 million BoP, current US$ | +109.4% |
| 2006 | -100.82 million BoP, current US$ | +4.1% |
| 2007 | -139.12 million BoP, current US$ | +38.0% |
| 2008 | -133.37 million BoP, current US$ | -4.1% |
| 2009 | -119.94 million BoP, current US$ | -10.1% |
| 2010 | -232.21 million BoP, current US$ | +93.6% |
| 2011 | -72.95 million BoP, current US$ | -68.6% |
| 2012 | -18.62 million BoP, current US$ | -74.5% |
| 2013 | -139.03 million BoP, current US$ | +646.8% |
| 2014 | -115.94 million BoP, current US$ | -16.6% |
| 2015 | -94.37 million BoP, current US$ | -18.6% |
| 2016 | -71.76 million BoP, current US$ | -24.0% |
| 2017 | -85.21 million BoP, current US$ | +18.7% |
| 2018 | -67.56 million BoP, current US$ | -20.7% |
| 2019 | -161.62 million BoP, current US$ | +139.2% |
| 2020 | -127.43 million BoP, current US$ | -21.2% |
| 2021 | -205.80 million BoP, current US$ | +61.5% |
| 2022 | -353.28 million BoP, current US$ | +71.7% |
| 2023 | -337.59 million BoP, current US$ | -4.4% |
| 2024 | -214.25 million BoP, current US$ | -36.5% |
Solomon Islands compared with similar countries
- Solomon Islands's -214.25 million BoP, current US$ is above the median for lower middle income countries, which is -1.21 billion BoP, current US$, 18% of the median. (47 countries reporting)
- Solomon Islands's -214.25 million BoP, current US$ is below the median for East Asia & Pacific, which is -105.08 million BoP, current US$, 2.0× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | -859.3% | -3.61 million BoP, current US$ | -34.64 million BoP, current US$ |
| 2013 | -646.8% | -18.62 million BoP, current US$ | -139.03 million BoP, current US$ |
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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9064 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.96 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services in Solomon Islands?
- Net trade in goods and services in Solomon Islands was -214.25 million BoP, current US$ 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 200 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.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.