2023
Flag  
GDP
$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH
25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
GDP PC 
$15,899CURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP PC GROWTH
24.5%CURRENT US$
Rnk 89 / 195

About

Palau-Chinese Taipei Trade: In 2023, Palau exported $556k to Chinese Taipei. The main products that Palau exported to Chinese Taipei were Scrap Iron ($245k), Scrap Aluminium ($154k), and Scrap Copper ($89.8k). Over the past 5 years the exports of Palau to Chinese Taipei have decreased at an annualized rate of 7.9%, from $838k in 2018 to $556k in 2023.

In 2023, Palau did not export any services to Chinese Taipei.

Chinese Taipei-Palau Trade: In 2023, Chinese Taipei exported $6.48M to Palau. The main products that Chinese Taipei exported to Palau were Flavored Water ($319k), Non-fillet Frozen Fish ($285k), and Motor vehicles; parts and accessories (8701 to 8705) ($285k). Over the past 5 years the exports of Chinese Taipei to Palau have decreased at an annualized rate of 15.2%,  from $24.2M in 2018 to $6.48M in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Palau exported $556k to Chinese Taipei. The main products exported from Palau to Chinese Taipei were Scrap Iron ($245k), Scrap Aluminium ($154k), and Scrap Copper ($89.8k). During the last 5 years the exports of Palau to Chinese Taipei have decreased at an annualized rate of 7.9%, from $838k in 2018 to $556k in 2023.

In 2018, Chinese Taipei exported $6.48M to Palau. The main products exported from Chinese Taipei to Palau were Flavored Water ($319k), Non-fillet Frozen Fish ($285k), and Motor vehicles; parts and accessories (8701 to 8705) ($285k). During the last 5 years the exports of Chinese Taipei to Palau have decreased at an annualized rate of 15.2%, from $24.2M in 2023 to $6.48M in 2018.

Exports from Palau (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Palau (Flag) (2023)

Market Competitiveness

Color
Palau
Top Destination
India$2.28M
Chinese Taipei
Top Destination
China$101B

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

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

In 2023, countries that imported more from Chinese Taipei than Palau included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Palau (Flag) (2023)

Comparative Advantage Palau - Chinese Taipei

Flow
Scale

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

During 2023, Palau had a large net trade with Chinese Taipei in the exports of Metals ($505k), Plastics and Rubbers ($29.6k), and Machines ($18k).

During 2018, Chinese Taipei had a large net trade with Palau in the exports of Machines ($1.96M), Plastics and Rubbers ($807k), and Metals ($663k).

Economic Complexity

Competitive Landscape

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

Product Space of Palau (Flag) and Chinese Taipei (Flag) (2023)

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