NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Product
Exports | Imports $5.6M | $166M221 of 226 |  208 of 226
2023
Per Capita Product
Exports | Imports $316 | $9.36k214 of 220 |  72 of 220

About

Overview In 2023 Palau was the number 221 economy in the world in terms of total exports and the number 208 in total imports.

Exports The top exports of Palau are Scrap Vessels ($3.12M), Refined Petroleum ($554k), Live Fish ($299k), Scrap Iron ($245k), and Computers ($200k), exporting mostly to India ($2.28M), Turkey ($1.43M), Chinese Taipei ($556k), United States ($506k), and Japan ($261k).

Imports The top imports of Palau are Recreational Boats ($53.9M), Refined Petroleum ($29.7M), Boat Propellers ($9.13M), Cars ($3.58M), and Centrifuges ($2.77M), importing mostly from Italy ($53.4M), China ($42M), United States ($17.5M), Turkey ($16.9M), and Japan ($9.68M).

Location Palau borders Indonesia, Micronesia, and Philippines by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Palau.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Scrap Vessels$3.12M
Top Destination (2023)India$2.28M

In 2023, Palau exported a total of $5.6M, making it the number 221 exporter in the world. During the last five reported years the exports of Palau have changed by -$26.1M from $31.7M in 2018 to $5.6M in 2023.

The most recent exports are led by Scrap Vessels ($3.12M), Refined Petroleum ($554k), Live Fish ($299k), Scrap Iron ($245k), and Computers ($200k). The most common destination for the exports of Palau are India ($2.28M), Turkey ($1.43M), Chinese Taipei ($556k), United States ($506k), and Japan ($261k).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
United Arab Emirates$172k (+ 1.38k%)
Czechia$34.3k (+ 113%)
Philippines$19.3k (+ 1.74k%)
Fastest Growing Import Markets (2022 - 2023)
Italy$44.1M (+ 476%)
Turkey$8.24M (+ 95.1%)
Brazil$1.96M (+ 1.31k%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Most Specialized Products by RCA Index

Palau has a high level of specialization in Scrap Vessels (9.73k), Live Fish (430), Coin (157), Collector's Items (59.1), and Opto-Electric Instrument Parts (42.9). Specialization is measured using RCA, an index that takes the ratio between Palau observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Palau according to the relatedness index, were Crustaceans (0.055), Processed Crustaceans (0.053), Non-fillet Frozen Fish (0.052), Non-fillet Fresh Fish (0.051), and Gold (0.051). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Palau is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Palau. These are products that tend to be co-exported with the products that Palau exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms