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$, in 2022.
Solomon Islands ranks 97th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -9.68 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP -30.2% (2024)
- Inflation of consumer prices 3.4% (2025)
- GDP per capita 1,828 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.1% (2024)
- Gross domestic product (GDP) 1.53 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,828 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 145.27 million current US$ (2025)
- Taxes less subsidies on products 266.39 million 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 198 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.