2023
Flag  
GDP
$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH
25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
 GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC 
$15,899CURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP PC GROWTH
24.5%CURRENT US$
Rnk 89 / 195
2023
Flag
GDP PC
$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

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

Somalia-Palau In N/A, Somalia did not export any products to Palau.

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

Comparison In 2023,  Palau ranked 221 in total exports ($5.6M). That same year, Somalia ranked 161 in total exports ($1.03B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Palau does not register exports to Somalia.

Somalia does not register exports to Palau.

Exports from Palau (Flag) to Somalia (Flag) (2018)

Exports from Somalia (Flag) to Palau (Flag) (2018)

Market Competitiveness

Color
Palau
Top Destination
India$2.28M
Somalia
Top Destination
United Arab Emirates$360M

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

In 2023, countries that imported more from Palau than Somalia included Chinese Taipei ($556k), Turkey ($1.43M), and Greece ($108k).

In 2023, countries that imported more from Somalia than Palau included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

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

Comparative Advantage Palau - Somalia

Flow
Scale

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

Economic Complexity

Competitive Landscape

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

Product Space of Palau (Flag) and Somalia (Flag) (2018)

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