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2023
Flag → Flag
Exports $924kRnk 168 / 206
2023
Flag → Flag
Top Product $250kUtility Meters
2023
Flag → Flag
Exports $218Rnk 37 / 43
2023
Flag → Flag
Top Product $218Plastic Housewares
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
 GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
GDP PC $48,281CURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC$15,899CURRENT US$
Rnk 71 / 196
2013-2023
Flag
GDP PC GROWTH24.5%CURRENT US$
Rnk 89 / 195

About

New Zealand-Palau Trade: In 2023, New Zealand exported $924k to Palau. The main products that New Zealand exported to Palau were Utility Meters ($250k), Sawn Wood ($205k), and Office Machine Parts ($105k). Over the past 5 years the exports of New Zealand to Palau have decreased at an annualized rate of 17%, from $2.35M in 2018 to $924k in 2023.

In 2023, New Zealand did not export any services to Palau.

Palau-New Zealand Trade: In 2023, Palau exported $218 to New Zealand. The main products that Palau exported to New Zealand were Plastic Housewares ($218). Over the past 5 years the exports of Palau to New Zealand have decreased at an annualized rate of 54.4%,  from $11.1k in 2018 to $218 in 2023.

In 2023, Palau did not export any services to New Zealand.

Comparison In 2023,  New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48),  and 61 in total exports ($44.5B). That same year, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, New Zealand exported $924k to Palau. The main products exported from New Zealand to Palau were Utility Meters ($250k), Sawn Wood ($205k), and Office Machine Parts ($105k). During the last 5 years the exports of New Zealand to Palau have decreased at an annualized rate of 17%, from $2.35M in 2018 to $924k in 2023.

In 2018, Palau exported $218 to New Zealand. The main products exported from Palau to New Zealand were Plastic Housewares ($218). During the last 5 years the exports of Palau to New Zealand have decreased at an annualized rate of 54.4%, from $11.1k in 2023 to $218 in 2018.

Exports from New Zealand (Flag) to Palau (Flag) (2023)

Exports from Palau (Flag) to New Zealand (Flag) (2023)

Latest Data

Trade between New Zealand (Flag) and Palau (Flag)

New Zealand Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$12.3B
Palau
Top DestinationIndia$2.28M

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

In 2023, countries that imported more from New Zealand than Palau included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

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

Difference in imports from Palau (Flag) and New Zealand (Flag) (2023)

Comparative Advantage New Zealand - Palau

Flow
Scale

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

During 2023, New Zealand had a large net trade with Palau in the exports of Instruments ($262k), Wood Products ($206k), and Machines ($155k).

During 2018, Palau had a large net trade with New Zealand in the exports of Plastics and Rubbers ($218).

Economic Complexity

Competitive Landscape

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

Product Space of New Zealand (Flag) and Palau (Flag) (2023)

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