Palau / South Korea

Palau-South Korea Trade: In 2022, Palau exported $207k to South Korea. The main products that Palau exported to South Korea were Scrap Iron ($194k), Industrial Fatty Acids, Oils and Alcohols ($69.9k), and Scrap Copper ($17.8k). Over the past 5 years the exports of Palau to South Korea have decreased at an annualized rate of 24.4%, from $839k in 2017 to $207k in 2022.

In 2022, Palau did not export any services to South Korea.

South Korea-Palau Trade: In 2022, South Korea exported $12.2M to Palau. The main products that South Korea exported to Palau were Refined Petroleum ($17.2M), Petroleum Gas ($599k), and Large Flat-Rolled Stainless Steel ($173k). Over the past 5 years the exports of South Korea to Palau have increased at an annualized rate of 76.9%,  from $702k in 2017 to $12.2M in 2022.

In 2022, South Korea did not export any services to Palau.

Comparison In 2022,  Palau ranked 219 in total exports ($7.75M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).