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2023
Flag → Flag
Exports $34.4kRnk 10 / 43
2023
Flag → Flag
Top Product $23.9kOpto-Electric Instrument Parts
2023
Flag → Flag
Exports $2.73MRnk 162 / 217
2023
Flag → Flag
Top Product $583kFlavored Water
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Palau-Singapore Trade: In 2023, Palau exported $34.4k to Singapore. The main products that Palau exported to Singapore were Opto-Electric Instrument Parts ($23.9k), Integrated Circuits ($6k), and Bi-Wheel Vehicle Parts ($2.06k). Over the past 5 years the exports of Palau to Singapore have decreased at an annualized rate of 4.37%, from $43k in 2018 to $34.4k in 2023.

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

Singapore-Palau Trade: In 2023, Singapore exported $2.73M to Palau. The main products that Singapore exported to Palau were Flavored Water ($583k), Petroleum Gas ($400k), and Refined Petroleum ($392k). Over the past 5 years the exports of Singapore to Palau have decreased at an annualized rate of 36.3%,  from $26.1M in 2018 to $2.73M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Palau exported $34.4k to Singapore. The main products exported from Palau to Singapore were Opto-Electric Instrument Parts ($23.9k), Integrated Circuits ($6k), and Bi-Wheel Vehicle Parts ($2.06k). During the last 5 years the exports of Palau to Singapore have decreased at an annualized rate of 4.37%, from $43k in 2018 to $34.4k in 2023.

In 2018, Singapore exported $2.73M to Palau. The main products exported from Singapore to Palau were Flavored Water ($583k), Petroleum Gas ($400k), and Refined Petroleum ($392k). During the last 5 years the exports of Singapore to Palau have decreased at an annualized rate of 36.3%, from $26.1M in 2023 to $2.73M in 2018.

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

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

Latest Data

Trade between Palau (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Palau
Top DestinationIndia$2.28M
Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Palau included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Palau - Singapore

Flow
Scale

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

During 2023, Palau had a large net trade with Singapore in the exports of Instruments ($23.9k), Machines ($7.37k), and Transportation ($2.06k).

During 2018, Singapore had a large net trade with Palau in the exports of Foodstuffs ($852k), Mineral Products ($799k), and Machines ($378k).

Economic Complexity

Competitive Landscape

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

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

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