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2022
Flag → Flag
Exports $20MRnk 1 / 0
2022
Flag → Flag
Exports $334kRnk 34 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$15,899CURRENT US$
Rnk 71 / 196
2013-2023
Flag
GDP PC GROWTH24.5%CURRENT US$
Rnk 89 / 195

About

South Korea-Palau Trade: In 2022, South Korea exported $20M to Palau. The main products that South Korea exported to Palau were N/A. Over the past 5 years the exports of South Korea to Palau have increased at an annualized rate of 8.91%, from $13.1M in 2017 to $20M in 2022.

In 2022, South Korea did not export any services to Palau.

Palau-South Korea Trade: In 2022, Palau exported $334k to South Korea. The main products that Palau exported to South Korea were N/A. Over the past 5 years the exports of Palau to South Korea have increased at an annualized rate of 9.7%,  from $210k in 2017 to $334k in 2022.

In 2022, Palau did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $331k and imported $0 from Palau, resulting in a positive trade balance of $331k. Between December 2023 and December 2024 the exports of South Korea have increased by $91k (37.9%) from $240k to $331k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In December 2024, the top exports of South Korea to Palau were Cars, tractors, trucks & parts thereof. ($208k), Furniture, bedding, lamps, & prefab buildings ($91k), Mineral fuels, mineral oils and products... ($55k), Iron & steel ($46k), and Electrical machinery and electronics ($29k). In December 2024 the top imports of South Korea from Palau were Electrical machinery and electronics ($34k), Animal or vegetable fats, oils, &... ($0), Sugars & confectioneries ($0), Cocoa & cocoa preparations ($0), and Preparations of cereals, flour, starch or... ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Palau was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($190k or 1.06k%), Preparations of cereals, flour, starch or... ($18k or 600%), and Iron/Steel Articles ($10k or 58.8%). In December 2024, the change in South Korea's year-by-year imports  from Palau was explained primarily by an decrease in product imports  in Iron & steel ($-48k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$91k(37.9%)
IMPORT GROWTH (December 2023 - December 2024)$0(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Palau and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Palau and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $20M to Palau. There were not main exports from South Korea to Palau in 2022. During the last 5 years the exports of South Korea to Palau have increased at an annualized rate of 8.91%, from $13.1M in 2017 to $20M in 2022.

In 2017, Palau exported $334k to South Korea. There were not main exports from Palau to South Korea in 2017. During the last 5 years the exports of Palau to South Korea have increased at an annualized rate of 9.7%, from $210k in 2022 to $334k in 2017.

Exports from South Korea (Flag) to Palau (Flag) (2022)

Exports from Palau (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationN/AN/A
Palau
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Palau (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Palau

Flow
Scale

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

During 2022, South Korea had a large net trade with Palau in the exports of .

During 2017, Palau had a large net trade with South Korea in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Palau (Flag) (2022)

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