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2023
Flag → Flag
Exports $42MRnk 192 / 208
2023
Flag → Flag
Top Product $10.2MRefined Petroleum
2023
Flag → Flag
Exports $2.43kRnk 20 / 43
2023
Flag → Flag
Top Product $2.4kOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$15,899CURRENT US$
Rnk 71 / 196
2013-2023
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GDP PC GROWTH24.5%CURRENT US$
Rnk 89 / 195

About

China-Palau Trade: In 2023, China exported $42M to Palau. The main products that China exported to Palau were Refined Petroleum ($10.2M), Boat Propellers ($8.95M), and Large Construction Vehicles ($1.93M). Over the past 5 years the exports of China to Palau have increased at an annualized rate of 30.1%, from $11.3M in 2018 to $42M in 2023.

In 2023, China did not export any services to Palau.

Palau-China Trade: In 2023, Palau exported $2.43k to China. The main products that Palau exported to China were Office Machine Parts ($2.4k) and Rubber Belting ($34). Over the past 5 years the exports of Palau to China have decreased at an annualized rate of 44.4%,  from $45.8k in 2018 to $2.43k in 2023.

In 2023, Palau did not export any services to China.

Comparison In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16),  and 1 in total exports ($3.42T). That same year, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, China exported $5.65M and imported $10 from Palau, resulting in a positive trade balance of $5.65M. Between December 2023 and December 2024 the exports of China have increased by $3.65M (182%) from $2M to $5.65M, while imports decreased by $-14 (-58.3%) from $24 to $10.

Trade In December 2024, the top exports of China to Palau were Machinery parts, not containing electrical connectors,... ($2.88M), Refined Petroleum ($958k), Recreational Boats ($946k), Centrifuges ($401k), and Prefabricated Buildings ($303k). In December 2024 the top imports of China from Palau were Commodities not elsewhere specified ($96).

Origins In December 2024 the exports of China were mainly from Liaoning Province ($1.5M), Zhejiang Province ($1.19M), Jiangsu Province ($470k), Beijing ($464k), and Guangdong Province ($382k), while imports destinations were mainly Shanghai Province ($10).

Growth In December 2024, the increase in China's year-by-year exports to Palau was explained primarily by an increase in product exports in Refined Petroleum ($549k or 134%), Centrifuges ($401k or 647k%), and Prefabricated Buildings ($280k or 1.22k%). In December 2024, the decrease in China's year-by-year imports  from Palau was explained primarily by an decrease in product imports  in Commodities not elsewhere specified ($-5 or -4.95%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$3.65M(182%)
IMPORT GROWTH (December 2023 - December 2024)$-14(-58.3%)
MAIN EXPORTER (December 2024)Liaoning Province$1.5M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Palau and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $42M to Palau. The main products exported from China to Palau were Refined Petroleum ($10.2M), Boat Propellers ($8.95M), and Large Construction Vehicles ($1.93M). During the last 5 years the exports of China to Palau have increased at an annualized rate of 30.1%, from $11.3M in 2018 to $42M in 2023.

In 2018, Palau exported $2.43k to China. The main products exported from Palau to China were Office Machine Parts ($2.4k) and Rubber Belting ($34). During the last 5 years the exports of Palau to China have decreased at an annualized rate of 44.4%, from $45.8k in 2023 to $2.43k in 2018.

Exports from China (Flag) to Palau (Flag) (2023)

Exports from Palau (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Palau
Top DestinationIndia$2.28M

This map shows whether countries import more from China or Palau. Each country is colored based on the difference in imports they receive from China and Palau or the difference in the growth in imports.

In 2023, countries that imported more from China than Palau included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Palau than from China.

Difference in imports from Palau (Flag) and China (Flag) (2023)

Comparative Advantage China - Palau

Flow
Scale

This chart compares trade between China and Palau by product, considering products traded by both, China and Palau.

During 2023, China had a large net trade with Palau in the exports of Machines ($17.2M), Mineral Products ($10.4M), and Metals ($3.44M).

During 2018, Palau had a large net trade with China in the exports of Machines ($2.4k) and Plastics and Rubbers ($34).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Palau. This means that a dot/product with the flag of China indicates it has a comparative advantage over Palau. Similarly, a dot/product with the flag of Palau indicates it has a comparative advantage over China.

Product Space of China (Flag) and Palau (Flag) (2023)

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