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2023
Flag → Flag
Exports $20.4kRnk 12 / 43
2023
Flag → Flag
Top Product $11.2kOpto-Electric Instrument Parts
2023
Flag → Flag
Exports $4.06MRnk 107 / 201
2023
Flag → Flag
Top Product $1.47MCement
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $15,899CURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP PC GROWTH24.5%CURRENT US$
Rnk 89 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Palau-Philippines Trade: In 2023, Palau exported $20.4k to Philippines. The main products that Palau exported to Philippines were Opto-Electric Instrument Parts ($11.2k), Liquid Pumps ($6.11k), and Eyewear Frames ($1.8k). Over the past 7 years the exports of Palau to Philippines have increased at an annualized rate of 7.1%, from $12.6k in 2016 to $20.4k in 2023.

In 2023, Palau did not export any services to Philippines.

Philippines-Palau Trade: In 2023, Philippines exported $4.06M to Palau. The main products that Philippines exported to Palau were Cement ($1.47M), Prepared Explosives ($466k), and Flavored Water ($296k). Over the past 7 years the exports of Philippines to Palau have decreased at an annualized rate of 8.45%,  from $6.31M in 2016 to $4.06M in 2023.

In 2023, Philippines did not export any services to Palau.

Comparison In 2023,  Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index. That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Palau exported $20.4k to Philippines. The main products exported from Palau to Philippines were Opto-Electric Instrument Parts ($11.2k), Liquid Pumps ($6.11k), and Eyewear Frames ($1.8k). During the last 7 years the exports of Palau to Philippines have increased at an annualized rate of 7.1%, from $12.6k in 2016 to $20.4k in 2023.

In 2018, Philippines exported $4.06M to Palau. The main products exported from Philippines to Palau were Cement ($1.47M), Prepared Explosives ($466k), and Flavored Water ($296k). During the last 5 years the exports of Philippines to Palau have decreased at an annualized rate of 8.45%, from $6.31M in 2023 to $4.06M in 2018.

Exports from Palau (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Palau (Flag) (2023)

Latest Data

Trade between Palau (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Palau
Top DestinationIndia$2.28M
Philippines
Top DestinationChina$19B

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

In 2023, no countries were registered that imported more from Palau than from Philippines.

In 2023, countries that imported more from Philippines than Palau included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

Difference in imports from Philippines (Flag) and Palau (Flag) (2023)

Comparative Advantage Palau - Philippines

Flow
Scale

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

During 2023, Palau had a large net trade with Philippines in the exports of Instruments ($13k), Machines ($6.42k), and Chemical Products ($957).

During 2018, Philippines had a large net trade with Palau in the exports of Mineral Products ($1.47M), Chemical Products ($1.02M), and Foodstuffs ($710k).

Economic Complexity

Competitive Landscape

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

Product Space of Palau (Flag) and Philippines (Flag) (2023)

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