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Economy > Trade > Imports Stats: compare key data on Solomon Islands & United States

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Definitions

  • Goods and services > BoP > Current US$: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars.
  • Goods and services > BoP > Current US$ > Per $ GDP: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Goods and services > Constant LCU: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in constant local currency.
  • Goods and services > Current US$ > Per $ GDP: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Imports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • Insurance and financial services > % of commercial service imports: Insurance and financial services cover freight insurance on goods imported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services."
  • Insurance and financial services > % of service imports: Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. Services imports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the International Monetary Fund's (IMF) Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies."
  • Merchandise imports by the reporting economy > Current US$: Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars."
  • Merchandise imports from high-income economies > % of total merchandise imports: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
  • Merchandise imports from third world economies in South Asia > % of total merchandise imports: Merchandise imports from third world economies in South Asia are the sum of merchandise imports by the reporting economy from third world economies in the South Asia region according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
  • Ores and scrap metal imports > % of merchandise imports: Ores and metals comprise commodities in SITC sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals)."
  • Per $ GDP: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Services: Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars."
  • Spending on imports: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments."
  • Travel services > % of commercial service imports: Travel services (% of commercial service imports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging, meals, and transport (within the economy visited)."
  • Food imports > % of merchandise imports: Food imports (% of merchandise imports). Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).
  • Leading import source: Country or customs union which is the main supplier of imports.
  • Documents to import > Number per million: Documents to import (number). All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included. Figures expressed per million population for the same year.
  • Goods and services > Annual % growth: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments.
  • Import growth in USD: Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2000). UNCTAD's import value indexes are reported for most economies. For selected economies for which UNCTAD does not publish data, the import value indexes are derived from import volume indexes (line 73) and corresponding unit value indexes of imports (line 75) in the IMF's International Financial Statistics."
  • Computer > Communications and other services > % of commercial service imports: Computer, communications and other services (% of commercial service imports) include such activities as international telecommunications, and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; and personal, cultural, and recreational services."
  • Goods > Services and income: Imports of goods, services and income is the sum of goods (merchandise) imports, imports of (nonfactor) services and income (factor) payments. Data are in current U.S. dollars."
  • Import procedure fees > US$ per container: Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded."
  • Documents to import > Number: Documents to import (number). All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.
  • Imports of goods and services per capita: GDP by Type of Expenditure at current prices - US dollars. Figures expressed per capita for the same year.
  • Commercial service imports > Current US$: Commercial service imports are total service imports minus imports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies."
  • Goods and services > Current US$ > Per capita: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars. Per capita figures expressed per 1 population.
  • Goods and services > Current US$: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude labor and property income (formerly called factor services) as well as transfer payments. Data are in current U.S. dollars.
  • Goods and services > BoP > Current US$ > Per capita: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars. Per capita figures expressed per 1 population.
STAT Solomon Islands United States HISTORY
Goods and services > BoP > Current US$ 197.53 million BoP $
Ranked 148th.
1.99 trillion BoP $
Ranked 1st. 10084 times more than Solomon Islands

Goods and services > BoP > Current US$ > Per $ GDP 0.595 BoP $ per $1 of GDP
Ranked 40th. 4 times more than United States
0.16 BoP $ per $1 of GDP
Ranked 127th.

Goods and services > Constant LCU 106500000 1719200000000
Goods and services > Current US$ > Per $ GDP 0.458$ per $1 of GDP
Ranked 81st. 3 times more than United States
0.154$ per $1 of GDP
Ranked 163th.

Imports of goods and services 667.24 million
Ranked 180th.
2.74 trillion
Ranked 1st. 4111 times more than Solomon Islands

Insurance and financial services > % of commercial service imports 8.52%
Ranked 43th.
21.44%
Ranked 6th. 3 times more than Solomon Islands

Insurance and financial services > % of service imports 8.17%
Ranked 40th.
19.42%
Ranked 6th. 2 times more than Solomon Islands

Merchandise imports by the reporting economy > Current US$ $307.98 million
Ranked 174th.
$1.60 trillion
Ranked 2nd. 5207 times more than Solomon Islands

Merchandise imports from high-income economies > % of total merchandise imports 63.09%
Ranked 80th. 27% more than United States
49.68%
Ranked 118th.

Merchandise imports from third world economies in South Asia > % of total merchandise imports 0.37%
Ranked 144th.
1.94%
Ranked 57th. 5 times more than Solomon Islands

Ores and scrap metal imports > % of merchandise imports 2.51%
Ranked 46th. 24% more than United States
2.02%
Ranked 48th.

Per $ GDP $0.77 per $1 of GDP
Ranked 21st. 5 times more than United States
$0.14 per $1 of GDP
Ranked 158th.

Services 98.92 million
Ranked 138th.
369.2 billion
Ranked 2nd. 3732 times more than Solomon Islands

Spending on imports 46.94
Ranked 55th. 3 times more than United States
13.92
Ranked 137th.

Travel services > % of commercial service imports 33.4%
Ranked 24th. 41% more than United States
23.7%
Ranked 70th.

Food imports > % of merchandise imports 17.84%
Ranked 28th. 4 times more than United States
5.05%
Ranked 80th.

Leading import source Australia Canada
Documents to import > Number per million 9.1
Ranked 29th. 571 times more than United States
0.0159
Ranked 185th.

Goods and services > Annual % growth 1.43%
Ranked 71st.
10.73%
Ranked 67th. 8 times more than Solomon Islands

Import growth in USD 259.95
Ranked 60th. 2 times more than United States
127.48
Ranked 138th.

Computer > Communications and other services > % of commercial service imports 20.32%
Ranked 104th.
34.65%
Ranked 56th. 71% more than Solomon Islands

Goods > Services and income 476.23 million
Ranked 136th.
2.41 trillion
Ranked 2nd. 5066 times more than Solomon Islands

Import procedure fees > US$ per container $1,237.00
Ranked 93th.
$1,315.00
Ranked 85th. 6% more than Solomon Islands

Documents to import > Number 5
Ranked 149th. The same as United States
5
Ranked 147th.

Imports of goods and services per capita 1,214.06
Ranked 141st.
8,738.38
Ranked 57th. 7 times more than Solomon Islands

Commercial service imports > Current US$ $94.88 million
Ranked 136th.
$334.31 billion
Ranked 2nd. 3523 times more than Solomon Islands

Goods and services > Current US$ > Per capita 260.63$ per capita
Ranked 126th.
6,122.14$ per capita
Ranked 36th. 23 times more than Solomon Islands

Goods and services > Current US$ 121.4 million$
Ranked 161st.
1.8 trillion$
Ranked 1st. 14809 times more than Solomon Islands

Goods and services > BoP > Current US$ > Per capita 485.01 BoP $ per capita
Ranked 89th.
6,720.33 BoP $ per capita
Ranked 39th. 14 times more than Solomon Islands

SOURCES: World Development Indicators database; United Nations Statistics Division. Source tables; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; World Bank staff estimates from the Comtrade database maintained by the United Nations Statistics Division.; CIA World Factbooks 18 December 2003 to 28 March 2011; World Bank national accounts data, and OECD National Accounts data files.; World Bank staff estimates; World Trade Organization Trade Profiles database, loaded 2010; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; World Bank, Doing Business project (http://www.doingbusiness.org/).; United Nations Statistics Division. Source tables. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

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