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2022
Exports $11.4kWorld Rnk 198 / 214
Flag Rnk 23 / 101
falsefalse United Arab Emirates
2021 - 2022
FASTEST GROWING MARKETfalseUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $32.4MWorld Rnk 199 / 225
Flag Rnk 1 / 592
2021 - 2022
FASTEST GROWING ORIGINfalseN/A

About

Exports In 2022, Palau exported $11.4k in Refined Petroleum, making it the 198th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 23rd most exported product in Palau. The main destination of Refined Petroleum exports from Palau are: United Arab Emirates ($9.05k), Australia ($1.94k), and South Africa ($385).

The fastest growing export markets for Refined Petroleum of Palau between 2021 and 2022 were United Arab Emirates ($5.9k), Australia ($1.94k), and South Africa ($385).

Imports In 2022, Palau imported $32.4M in Refined Petroleum, becoming the 199th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Palau. Palau imports Refined Petroleum primarily from: South Korea ($17.2M), Turkey ($5.52M), China ($5.17M), Greece ($3.24M), and South Africa ($525k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.4k
IMPORTS (2022)$32.4M
NET TRADE (2022)-$32.4M

In 2022, Palau exported $11.4k in Refined Petroleum. The main destinations of Palau exports on Refined Petroleum were United Arab Emirates ($9.05k), Australia ($1.94k), and South Africa ($385).

In 2022, Palau imported $32.4M in Refined Petroleum, mainly from South Korea ($17.2M), Turkey ($5.52M), China ($5.17M), Greece ($3.24M), and South Africa ($525k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Palau WERE (2021 - 2022):
United Arab Emirates$5.9k (187%)
Australia$1.94k (1%)
South Africa$385 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Palau WERE (2021 - 2022):
Papua New Guinea-$9.41k (-100%)
Barbados-$765 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Palau's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Palau's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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