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

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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 5 years the exports of Turkey to Palau have increased at an annualized rate of 68.3%, from $1.25M in 2018 to $16.9M in 2023.

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

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 5 years the exports of Palau to Turkey have decreased at an annualized rate of 0.17%, from $1.44M in 2018 to $1.43M in 2023.

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

Comparison In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $16.9M in 2023.

In 2018, Palau exported $1.43M to Turkey. The main products exported from Palau to Turkey were Scrap Vessels ($1.43M). During the last 5 years the exports of Palau to Turkey have decreased at an annualized rate of 0.17%, from $1.44M in 2023 to $1.43M in 2018.

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

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

Latest Data

Trade between Turkey () and Palau ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Palau
Top DestinationIndia$2.28M

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

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

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

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

Comparative Advantage Turkey - Palau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Palau in the exports of Mineral Products ($13.6M), Machines ($1.78M), and Instruments ($501k).

During 2018, Palau had a large net trade with Turkey in the exports of Transportation ($1.43M).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Turkey () and Palau ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Turkey - Palau

Economic Complexity

Competitive Landscape

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

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