Micronesia (FSM) and Palau (PLW) Trade | The Observatory of Economic Complexity

About

Micronesia-Palau Trade: In 2018, Micronesia exported $213k to Palau. The main products that Micronesia exported to Palau were N/A. Over the past 5 years the exports of Micronesia to Palau have increased at an annualized rate of 15.5%, from $104k in 2013 to $213k in 2018.

In 2018, Micronesia did not export any services to Palau.

Palau-Micronesia Trade: In 2018, Palau exported $284k to Micronesia. The main products that Palau exported to Micronesia were N/A. Over the past 5 years the exports of Palau to Micronesia have increased at an annualized rate of 19.2%, from $83.1k in 2013 to $284k in 2018.

In 2018, Palau did not export any services to Micronesia.

Comparison In 2022, Micronesia ranked 191 in total exports ($183M). That same year, Palau ranked 219 in total exports ($7.75M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Micronesia exported $213k to Palau. There were not main exports from Micronesia to Palau in 2018. During the last 5 years the exports of Micronesia to Palau have increased at an annualized rate of 15.5%, from $104k in 2013 to $213k in 2018.

In 2013, Palau exported $284k to Micronesia. There were not main exports from Palau to Micronesia in 2013. During the last 5 years the exports of Palau to Micronesia have increased at an annualized rate of 19.2%, from $83.1k in 2018 to $284k in 2013.

Exports from Micronesia () to Palau () (2018)

Exports from Palau () to Micronesia () (2018)

Latest Data

Trade between Micronesia () and Palau ()

Palau Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationThailand$143M

Palau
Top DestinationGreece$2.11M

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

In 2022, countries that imported more from Micronesia than Palau included Thailand ($143M), Philippines ($22.7M), and Japan ($8.37M).

In 2022, countries that imported more from Palau than Micronesia included Greece ($2.11M), France ($1.37M), and Chinese Taipei ($603k).

Difference in imports from Palau () and Micronesia () (2022)

Comparative Advantage Micronesia - Palau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Micronesia had a large net trade with Palau in the exports of .

During 2013, Palau had a large net trade with Micronesia in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Micronesia and Palau. This means that a dot/product with the flag of Micronesia indicates it has a comparative advantage over Palau. Similarly, a dot/product with the flag of Palau indicates it has a comparative advantage over Micronesia.

About

Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Palau () (2018)

Exports from Palau () to Micronesia () (2018)

Latest Data

Trade between Micronesia () and Palau ()

Palau Exports

Market Competitiveness

Difference in imports from Palau () and Micronesia () (2022)

Comparative Advantage Micronesia - Palau

Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Palau () (2018)

Keep Exploring