Country intelligence · SLB · 2024

Solomon Islands trade profile

In 2024, Solomon Islands recorded $487.7M in merchandise exports and $473.8M in imports, producing a $13.9M trade surplus. Exports changed -15.9% from the previous year, while imports changed -29.0%.[1]

Exports

$487.7M

-15.9%

Imports

$473.8M

-29.0%

Trade balance

$13.9M

surplus

Active partners

270

42 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$487.7M$473.8M$13.9M-15.9%
2023$579.7M$667.8M-$88.1M+13.3%
2022$511.6M$617.4M-$105.9M+2.6%
2021$498.4M$540.8M-$42.4M-2.9%
2020$513.3M$418.8M$94.5M-19.8%
2019$640.3M$524.8M$115.5M-23.2%
2018$834.0M$537.6M$296.4M+8.7%
2017$767.0M$522.6M$244.3M+25.2%
2016$612.7M$435.5M$177.3M+10.1%
2015$556.7M$425.6M$131.1M+7.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 44 · HS chapter

38 active HS6 lines · 15 export partners

$176.8M
2

HS 26 · HS chapter

4 active HS6 lines · 1 export partners

$104.7M
3

HS 71 · Precious metals and stones

7 active HS6 lines · 13 export partners

$86.3M
4

HS 16 · HS chapter

25 active HS6 lines · 11 export partners

$65.1M
5

HS 15 · HS chapter

21 active HS6 lines · 11 export partners

$22.6M
6

HS 18 · HS chapter

9 active HS6 lines · 10 export partners

$8.5M
7

HS 12 · HS chapter

20 active HS6 lines · 13 export partners

$6.8M
8

HS 03 · HS chapter

42 active HS6 lines · 15 export partners

$5.8M

Leading export markets

Destinations rank bilateral export flows from Solomon Islands; growth describes each corridor rather than the whole economy.

1

China

Annual change -18.4% · 3-year CAGR -4.5%

$262.1M
2

Australia

Annual change +56.8% · 3-year CAGR 108.0%

$91.4M
3

Italy

Annual change +12.4% · 3-year CAGR 20.1%

$51.6M
4

Netherlands

Annual change -12.3% · 3-year CAGR -1.1%

$14.4M
5

Spain

Annual change -23.5% · 3-year CAGR 17.8%

$13.9M
6

Malaysia

Annual change -0.3% · 3-year CAGR 1.2%

$8.4M
7

India

Annual change -65.5% · 3-year CAGR -39.8%

$8.2M
8

Switzerland

Annual change -52.1% · 3-year CAGR -21.2%

$6.4M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.