United States (USA) and Palau (PLW) Trade | The Observatory of Economic Complexity

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Pricing

United States (USA) and Palau (PLW) Trade

2022

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Exports $21MRnk 188 / 219

2022

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Top Product $3.19MOther Edible Preparations

2022

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Exports $540kRnk 5 / 38

2022

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About

United States-Palau In 2022, United States exported $21M to Palau. The main products that United States exported to Palau are Other Edible Preparations ($3.19M), Frozen Bovine Meat ($1.69M), and Poultry Meat ($1.3M). During the last 27 years the exports of United States to Palau have increased at an annualized rate of 4.15%, from $7.01M in 1995 to $21M in 2022.

In 2022, United States did not export any services to Palau.

Palau-United States In 2022, Palau exported $540k to United States. The main products that Palau exported to United States were Live Fish ($379k), Surveying Equipment ($78.1k), and Coral and Shells ($56.9k). During the last 27 years the exports of Palau to United States have decreased at an annualized rate of 8.67%, from $6.25M in 1995 to $540k in 2022.

In 2022, Palau did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Palau ranked 219 in total exports ($7.75M), and does not have data regarding Economic Complexity Index.

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Palau to the United States. Conversely, were notable for importing Palau products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $1.52M and imported $121k from Palau, resulting in a positive trade balance of $1.4M. Between January 2023 and January 2024 the exports of United States have increased by $352k (30.2%) from $1.16M to $1.52M, while imports increased by $74k (158%) from $46.7k to $121k.

Trade In January 2024, the top exports of United States to Palau were Other Edible Preparations ($205k), Commodities not elsewhere specified ($167k), Other Plastic Products ($134k), Onions ($102k), and Pig Meat ($80.1k). In January 2024 the top imports of United States from Palau were Live Fish ($24.3k), Coral and Shells ($11.7k), Coin ($10.2k), and Commodities not elsewhere specified ($554).

Origins In January 2024 the exports of United States were mainly from California ($747k), Florida ($272k), Oregon ($127k), Hawaii ($64.8k), and Michigan ($21k), while imports destinations were mainly Massachusetts ($50.2k), Florida ($42.3k), and California ($26.7k).

Growth In January 2024, the increase in United States's year-by-year exports to Palau was explained primarily by an increase in product exports in Other Plastic Products ($118k or 763%), Eggs ($46.8k or 167%), and Onions ($44.7k or 77.7%). In January 2024, the increase in United States's year-by-year imports from Palau was explained primarily by an increase in product imports in Live Fish ($2.86k or 13.3%) and Commodities not elsewhere specified ($551 or 18.4k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$352k(30.2%)

IMPORT GROWTH (January 2023 - January 2024)$74k(158%)

MAIN EXPORTER (January 2024)California$747k

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Palau and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $21M to Palau. The main products exported from United States to Palau were Other Edible Preparations ($3.19M), Frozen Bovine Meat ($1.69M), and Poultry Meat ($1.3M). During the last 27 years the exports of United States to Palau have increased at an annualized rate of 4.15%, from $7.01M in 1995 to $21M in 2022.

In 2022, Palau exported $540k to United States. The main products exported from Palau to United States were Live Fish ($379k), Surveying Equipment ($78.1k), and Coral and Shells ($56.9k). During the last 27 years the exports of Palau to United States have decreased at an annualized rate of 8.67%, from $6.25M in 1995 to $540k in 2022.

Exports from United States () to Palau () (2022)

Exports from Palau () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Palau
Top DestinationGreece$2.11M

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

In 2021, countries that imported more from United States than Palau were Canada ($308B), Mexico ($294B), and China ($151B).

In 2019, no countries were registered that imported more from Palau than from United States.

Difference in imports from Palau () and United States () (2022)

Comparative Advantage United States - Palau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Palau in the exports of Foodstuffs ($5.88M), Animal Products ($4.5M), and Machines ($4M).

During 2022, Palau had a large net trade with United States in the exports of Animal Products ($435k), Instruments ($83.2k), and Stone And Glass ($10.1k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Palau. Similarly, the more yellow a dot/product is, the more Palau has comparative advantage over United States.

Product Space of United States () and Palau () (2022)

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