Exports: The top exports of Palau are Non-fillet Fresh Fish ($12.5M), Computers ($3.63M), Broadcasting Accessories ($3.11M), Office Machine Parts ($1.08M), and Scrap Vessels ($588k), exporting mostly to Japan ($15.7M), South Korea ($3.38M), United States ($1.6M), Turkey ($588k), and Chinese Taipei ($473k).

Imports: The top imports of Palau are Refined Petroleum ($16.3M), Non-fillet Fresh Fish ($10.4M), Cars ($3.69M), Broadcasting Accessories ($3.2M), and Instructional Models ($2.2M), importing mostly from South Korea ($19.1M), China ($18.7M), Chinese Taipei ($17.3M), United States ($16.9M), and Japan ($16.3M).

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

Historical Data

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Yearly Exports

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Depth

Top Export (2019): Non-fillet Fresh Fish, $12.5M

Top Destination (2019): Japan, $15.7M

In 2019, Palau exported a total of $22.4M, making it the number 210 exporter in the world. During the last five reported years the exports of Palau have changed by -$732k from $23.1M in 2014 to $22.4M in 2019.

The most recent exports are led by Non-fillet Fresh Fish ($12.5M), Computers ($3.63M), Broadcasting Accessories ($3.11M), Office Machine Parts ($1.08M), and Scrap Vessels ($588k). The most common destination for the exports of Palau are Japan ($15.7M), South Korea ($3.38M), United States ($1.6M), Turkey ($588k), and Chinese Taipei ($473k).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $16.3M

Top Origin (2019): South Korea, $19.1M

In 2019 Palau imported $102M, making it the number 209 trade destination in the world. During the last five reported years the imports of Palau changed by -$104M from $207M in 2014 to $102M in 2019.

The most recent imports of Palau are led by Refined Petroleum ($16.3M), Non-fillet Fresh Fish ($10.4M), Cars ($3.69M), Broadcasting Accessories ($3.2M), and Instructional Models ($2.2M). The most common import partners for Palau are South Korea ($19.1M), China ($18.7M), Chinese Taipei ($17.3M), United States ($16.9M), and Japan ($16.3M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Economic Complexity

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Most Specialized Products by RCA Index

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Palau has a high level of specialization in Non-fillet Fresh Fish (476), Scrap Vessels (158), Coin (78), Live Fish (71.3), and Broadcasting Accessories (43.8). Specialization is measured using RCA, an index that takes the ratio between Palau observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Palau according to the product complexity index (PCI) are Parts, accessories, except covers, for office machines (1.56), Compression-ignition engines (diesel etc) (1.2), Automatic data processing machines (computers) (1.13), Parts for radio, tv transmission, receive equipment (0.92), and Fermented beverages nes (eg cider, perry, mead) (0.25). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Palau according to the relatedness index, are Non-fillet Frozen Fish (0.042), Crustaceans (0.038), Gold (0.036), Fish Fillets (0.035), and Perfume Plants (0.034). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Palau is not specialized in.

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 it is currently specialized in.

Relatedness Space

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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.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.