Solomon Islands hit by trade deficit


The Solomon Islands' trade balance has taken a turn for the worse, according to a quarterly review, published by the Central Bank of Solomon Islands on October 17.

The country's external position weakened as a result of worsening terms of trade, the review said, as the trade balance dropped to a deficit of $66 million, compared with a surplus of $165 million in the first quarter of the year.

This was attributed to a weakening of mineral, logging and copra – coconut flesh – production, the

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