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2023
Flag → Flag
Exports $4.69kRnk 18 / 43
2023
Flag → Flag
Top Product $1.99kCentrifuges
2023
Flag → Flag
Exports $1.23MRnk 174 / 211
2023
Flag → Flag
Top Product $358kOther Prepared Meat
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $15,899CURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP PC GROWTH24.5%CURRENT US$
Rnk 89 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Palau-Australia Trade: In 2023, Palau exported $4.69k to Australia. The main products that Palau exported to Australia were Centrifuges ($1.99k), Computers ($1.07k), and Coral and Shells ($816). Over the past 5 years the exports of Palau to Australia have decreased at an annualized rate of 48.7%, from $132k in 2018 to $4.69k in 2023.

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

Australia-Palau Trade: In 2023, Australia exported $1.23M to Palau. The main products that Australia exported to Palau were Other Prepared Meat ($358k), Rolled Tobacco ($195k), and Metal Insulating Fittings ($88.8k). Over the past 5 years the exports of Australia to Palau have decreased at an annualized rate of 8.81%,  from $1.94M in 2018 to $1.23M in 2023.

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

Comparison In 2023,  Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Palau exported $4.69k to Australia. The main products exported from Palau to Australia were Centrifuges ($1.99k), Computers ($1.07k), and Coral and Shells ($816). During the last 5 years the exports of Palau to Australia have decreased at an annualized rate of 48.7%, from $132k in 2018 to $4.69k in 2023.

In 2018, Australia exported $1.23M to Palau. The main products exported from Australia to Palau were Other Prepared Meat ($358k), Rolled Tobacco ($195k), and Metal Insulating Fittings ($88.8k). During the last 5 years the exports of Australia to Palau have decreased at an annualized rate of 8.81%, from $1.94M in 2023 to $1.23M in 2018.

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

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

Latest Data

Trade between Palau (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Palau
Top DestinationIndia$2.28M
Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Palau included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Palau - Australia

Flow
Scale

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

During 2023, Palau had a large net trade with Australia in the exports of Machines ($3.88k) and Animal Products ($816).

During 2018, Australia had a large net trade with Palau in the exports of Foodstuffs ($679k), Machines ($241k), and Chemical Products ($101k).

Economic Complexity

Competitive Landscape

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

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

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