Palau (PLW) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

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Palau (PLW) and Marshall Islands (MHL) Trade

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Exports $587Rnk 2 / 0

2022

GDP$280MCURRENT US$
Rnk 183 / 186

2012-2022

GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186

2022

GDP PC$6,728CURRENT US$
Rnk 96 / 186

2012-2022

GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

Image 1

Image by Jon Connell
Link: https://flic.kr/p/5hFpaw

Image 2

Image by HonoluluDistrict
Link: https://flic.kr/p/ebBP8B

Historical Data
Economic Complexity

About

In N/A, Palau did not export any services to Marshall Islands.

Marshall Islands-Palau Trade: In N/A, Marshall Islands exported $587 to Palau. The main products that Marshall Islands exported to Palau were N/A. Over the past N/A years the exports of Marshall Islands to Palau have decreased at an annualized rate of 50.8%, from $20.5k in N/A to $587 in N/A.

In N/A, Marshall Islands did not export any services to Palau.

Comparison In 2022, Palau ranked 219 in total exports ($7.75M). That same year, Marshall Islands ranked 160 in total exports ($1.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Palau does not register exports to Marshall Islands.

In 2013, Marshall Islands exported $587 to Palau. There were not main exports from Marshall Islands to Palau in 2013. During the last 5 years the exports of Marshall Islands to Palau have decreased at an annualized rate of 50.8%, from $20.5k in 2018 to $587 in 2013.

Exports from Palau () to Marshall Islands () (2018)

Exports from Marshall Islands () to Palau () (2018)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Palau
Top DestinationGreece$2.11M

Marshall Islands
Top DestinationGermany$327M

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

In 2022, countries that imported more from Palau than Marshall Islands included Chinese Taipei ($603k), Australia ($185k), and New Zealand ($96k).

In 2022, countries that imported more from Marshall Islands than Palau included Germany ($327M), Denmark ($159M), and United Kingdom ($158M).

Difference in imports from Marshall Islands () and Palau () (2022)

Comparative Advantage Palau - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Marshall Islands had a large net trade with Palau in the exports of .

Economic Complexity

Competitive Landscape

Year

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

Product Space of Palau () and Marshall Islands () (2018)

Keep Exploring

Palau
Northern Mariana Islands
Palau
New Caledonia
Pitcairn Islands
Marshall Islands
Papua New Guinea
Marshall Islands

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