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Palau is the 202nd largest export economy in the world. In 2017, Palau exported $24M and imported $159M, resulting in a negative trade balance of $135M. In 2017 the GDP of Palau was $289M and its GDP per capita was $14.8k.

The top exports of Palau are Non-fillet Fresh Fish ($18M), Computers ($1.71M), Scrap Vessels ($1.16M), Surveying Equipment ($1.01M) and Delivery Trucks ($457k), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($30M), Cars ($5.57M), Passenger and Cargo Ships ($2.94M), Beer ($2.93M) and Delivery Trucks ($2.54M).

The top export destinations of Palau are Japan ($19.5M), Turkey ($1.16M), the United States ($931k), Guam ($926k) and Australia ($556k). The top import origins are the United States ($52.6M), Singapore ($22.7M), Japan ($19.4M), China ($16.1M) and South Korea ($12.4M).

Palau is an island and borders Indonesia, the Philippines and Micronesia by sea.

Economic Complexity of Palau

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