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Pricing

2022
Flag → Flag
Exports $2.45kRnk 25 / 38
2022
Flag → Flag
Top Product $2.45kWrenches
2022
Flag → Flag
Exports $1.2kRnk 141 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Palau-Dominican Republic Trade: In 2022, Palau exported $2.45k to Dominican Republic. The main products that Palau exported to Dominican Republic were Wrenches ($2.45k). Over the past 6 years the exports of Palau to Dominican Republic have decreased at an annualized rate of 7.74%, from $3.98k in 2016 to $2.45k in 2022.

In 2022, Palau did not export any services to Dominican Republic.

Dominican Republic-Palau Trade: In 2022, Dominican Republic exported $1.2k to Palau. The main products that Dominican Republic exported to Palau were N/A. Over the past 6 years the exports of Dominican Republic to Palau have increased at an annualized rate of 32%,  from $300 in 2016 to $1.2k in 2022.

In 2022, Dominican Republic did not export any services to Palau.

Comparison In 2022,  Palau ranked 219 in total exports ($7.75M), and does not have data regarding Economic Complexity Index. That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Palau exported $2.45k to Dominican Republic. The main products exported from Palau to Dominican Republic were Wrenches ($2.45k). During the last 6 years the exports of Palau to Dominican Republic have decreased at an annualized rate of 7.74%, from $3.98k in 2016 to $2.45k in 2022.

In 2015, Dominican Republic exported $1.2k to Palau. There were not main exports from Dominican Republic to Palau in 2015. During the last 5 years the exports of Dominican Republic to Palau have increased at an annualized rate of 32%, from $300 in 2020 to $1.2k in 2015.

Exports from Palau (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Palau (Flag) (2022)

Market Competitiveness

Color
Palau
Top DestinationGreece$2.11M
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Palau than Dominican Republic included Montenegro ($846).

In 2022, countries that imported more from Dominican Republic than Palau included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

Difference in imports from Dominican Republic (Flag) and Palau (Flag) (2022)

Comparative Advantage Palau - Dominican Republic

Flow
Scale

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

During 2022, Palau had a large net trade with Dominican Republic in the exports of Metals ($2.45k).

During 2015, Dominican Republic had a large net trade with Palau in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Palau (Flag) and Dominican Republic (Flag) (2022)

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