Solomon Islands's net trade in goods and services (current US$, BoP) was −US$214.25 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 84.8% from −US$115.94 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$214.25 million | 2024 |
| Five years earlier | −US$161.62 million | 2019 |
| Ten years earlier | −US$115.94 million | 2014 |
| Highest | US$23.34 million | 1999 |
| Lowest | −US$353.28 million | 2022 |
| Average since 2015 | −US$171.89 million | 2015–2024 |
| First recorded | −US$20.42 million |
What the numbers say
In 2024, Solomon Islands' net trade in goods and services (current US$, BoP) rose US$123.33 million on 2023 (from −US$337.59 million to −US$214.25 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$9.72 million and a typical year strayed about US$61.57 million from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$159.26 million in 2011 and the biggest yearly fall was US$147.48 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$28.25 million a year. A straight line explains 66% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Solomon Islands had the 9th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Solomon Islands in the 2024 ranking
- Côte d'Ivoire — 5th of 29: US$36.67 million
- Naoero — 6th of 29: −US$90.79 million
- Marshall Islands — 7th of 29: −US$114.66 million
- Bahamas, The — 9th of 29: −US$297.87 million
- Guinea-Bissau — 10th of 29: −US$331.53 million
- Liberia — 11th of 29: −US$412.27 million
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 50 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2024 | -214,251,464 |
| 2023 | -337,585,982 |
| 2022 | -353,282,086 |
| 2021 | -205,803,241 |
| 2020 | -127,426,603 |
| 2019 | -161,616,187 |
| 2018 | -67,555,004 |
| 2017 | -85,208,107 |
| 2016 | -71,764,593 |
| 2015 | -94,369,031 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Australia — US$4.58 billion (2025)
- Brunei Darussalam — US$2.94 billion (2025)
- Cambodia — −US$3.44 billion (2025)
- China — US$822.44 billion (2025)
- Fiji — −US$604.27 million (2024)
- French Polynesia — −US$670.14 million (2016)
- Hong Kong SAR, China — US$12.43 billion (2025)
- Indonesia — US$29.65 billion (2025)
- Japan — −US$26.84 billion (2025)
- Kiribati
More economic policy & debt data for Solomon Islands
- Grants, excluding technical cooperation (BoP, current US$) — US$191.86 million (2023)
- Technical cooperation grants (BoP, current US$) — US$23.39 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$175.09 million (2023)
- Net official development assistance and official aid received (current US$) — US$243.66 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$243.66 million (2023)
- Net official development assistance received (current US$) — US$243.66 million (2023)
- Net official development assistance received (constant 2023 US$) — US$243.66 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Solomon Islands's net trade in goods and services (current US$, BoP)?
- −US$214.25 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is down 949.1% from −US$20.42 million in 1975. The highest value was US$23.34 million in 1999 and the lowest −US$353.28 million in 2022.
- How does Solomon Islands rank?
- 9th highest of 29 economies with data for 2024.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Solomon Islands?
- In 2024, Solomon Islands' net trade in goods and services (current US$, BoP) rose US$123.33 million on 2023 (from −US$337.59 million to −US$214.25 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$9.72 million and a typical year strayed about US$61.57 million from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BN.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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