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2023
Flag → Flag
Exports $1.11kRnk 28 / 43
2023
Flag → Flag
Top Product $756Clays
2023
Flag → Flag
Exports $1.84MRnk 195 / 216
2023
Flag → Flag
Top Product $731kCars
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Palau-Thailand Trade: In 2023, Palau exported $1.11k to Thailand. The main products that Palau exported to Thailand were Clays ($756), Other Electrical Machinery ($338), and Fake Hair ($14). Over the past 5 years the exports of Palau to Thailand have decreased at an annualized rate of 41.3%, from $15.9k in 2018 to $1.11k in 2023.

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

Thailand-Palau Trade: In 2023, Thailand exported $1.84M to Palau. The main products that Thailand exported to Palau were Cars ($731k), Recreational Boats ($479k), and Processed Fish ($299k). Over the past 5 years the exports of Thailand to Palau have increased at an annualized rate of 9.9%,  from $1.15M in 2018 to $1.84M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Palau exported $1.11k to Thailand. The main products exported from Palau to Thailand were Clays ($756), Other Electrical Machinery ($338), and Fake Hair ($14). During the last 5 years the exports of Palau to Thailand have decreased at an annualized rate of 41.3%, from $15.9k in 2018 to $1.11k in 2023.

In 2018, Thailand exported $1.84M to Palau. The main products exported from Thailand to Palau were Cars ($731k), Recreational Boats ($479k), and Processed Fish ($299k). During the last 5 years the exports of Thailand to Palau have increased at an annualized rate of 9.9%, from $1.15M in 2023 to $1.84M in 2018.

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

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

Latest Data

Trade between Palau (Flag) and Thailand (Flag)

Thailand Exports

Market Competitiveness

Color
Palau
Top DestinationIndia$2.28M
Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Palau included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Palau - Thailand

Flow
Scale

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

During 2023, Palau had a large net trade with Thailand in the exports of Mineral Products ($756), Machines ($338), and Footwear and Headwear ($14).

During 2018, Thailand had a large net trade with Palau in the exports of Transportation ($1.21M), Foodstuffs ($442k), and Vegetable Products ($168k).

Economic Complexity

Competitive Landscape

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

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

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