Palau (PLW) and Turkey (TUR) Trade | The Observatory of Economic Complexity

About

Palau-Turkey Trade: In 2023, Palau exported $1.43M to Turkey. The main products that Palau exported to Turkey were Scrap Vessels ($1.43M). Over the past 6 years the exports of Palau to Turkey have increased at an annualized rate of 0.37%, from $1.4M in 2017 to $1.43M in 2023.

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

Turkey-Palau Trade: In 2023, Turkey exported $16.9M to Palau. The main products that Turkey exported to Palau were Refined Petroleum ($13.6M), Centrifuges ($978k), and Other Measuring Instruments ($387k). Over the past 6 years the exports of Turkey to Palau have increased at an annualized rate of 68.3%, from $1.25M in 2017 to $16.9M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Palau exported $1.43M to Turkey. The main products exported from Palau to Turkey were Scrap Vessels ($1.43M). During the last 6 years the exports of Palau to Turkey have increased at an annualized rate of 0.37%, from $1.4M in 2017 to $1.43M in 2023.

In 2018, Turkey exported $16.9M to Palau. The main products exported from Turkey to Palau were Refined Petroleum ($13.6M), Centrifuges ($978k), and Other Measuring Instruments ($387k). During the last 5 years the exports of Turkey to Palau have increased at an annualized rate of 68.3%, from $1.25M in 2023 to $16.9M in 2018.

Exports from Palau () to Turkey () (2023)

Exports from Turkey () to Palau () (2023)

Latest Data

Trade between Palau () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Palau
Top DestinationIndia$2.28M

Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Palau included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

Difference in imports from Turkey () and Palau () (2023)

Comparative Advantage Palau - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Palau had a large net trade with Turkey in the exports of Transportation ($1.43M).

During 2018, Turkey had a large net trade with Palau in the exports of Mineral Products ($13.6M), Machines ($1.78M), and Instruments ($501k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Palau () to Turkey () (2023)

Exports from Turkey () to Palau () (2023)

Latest Data

Trade between Palau () and Turkey ()

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Palau () (2023)

Comparative Advantage Palau - Turkey

Economic Complexity

Competitive Landscape

Product Space of Palau () and Turkey () (2023)

Keep Exploring