2023
Flag
 GDP
$282MCURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP GROWTH
25.1%CURRENT US$
Rnk 126 / 195
2023
Flag
GDP PC
$15,899CURRENT US$
Rnk 71 / 196
2013-2023
Flag
GDP PC GROWTH
24.5%CURRENT US$
Rnk 89 / 195

About

Chinese Taipei-Palau Trade: In 2023, Chinese Taipei exported $6.48M to Palau. The main products that Chinese Taipei exported to Palau were Flavored Water ($319k), Non-fillet Frozen Fish ($285k), and Motor vehicles; parts and accessories (8701 to 8705) ($285k). Over the past 5 years the exports of Chinese Taipei to Palau have decreased at an annualized rate of 23.2%, from $24.2M in 2018 to $6.48M in 2023.

In 2023, Chinese Taipei did not export any services to Palau.

Palau-Chinese Taipei Trade: In 2023, Palau exported $556k to Chinese Taipei. The main products that Palau exported to Chinese Taipei were Scrap Iron ($245k), Scrap Aluminium ($154k), and Scrap Copper ($89.8k). Over the past 5 years the exports of Palau to Chinese Taipei have decreased at an annualized rate of 7.9%,  from $838k in 2018 to $556k in 2023.

In 2023, Palau did not export any services to Chinese Taipei.

Comparison In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2),  and 11 in total exports ($509B). That same year, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $6.48M to Palau. The main products exported from Chinese Taipei to Palau were Flavored Water ($319k), Non-fillet Frozen Fish ($285k), and Motor vehicles; parts and accessories (8701 to 8705) ($285k). During the last 5 years the exports of Chinese Taipei to Palau have decreased at an annualized rate of 23.2%, from $24.2M in 2018 to $6.48M in 2023.

In 2018, Palau exported $556k to Chinese Taipei. The main products exported from Palau to Chinese Taipei were Scrap Iron ($245k), Scrap Aluminium ($154k), and Scrap Copper ($89.8k). During the last 5 years the exports of Palau to Chinese Taipei have decreased at an annualized rate of 7.9%, from $838k in 2023 to $556k in 2018.

Exports from Chinese Taipei (Flag) to Palau (Flag) (2023)

Exports from Palau (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Palau
Top Destination
India$2.28M

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

In 2023, countries that imported more from Chinese Taipei than Palau included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

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

Difference in imports from Palau (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - Palau

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Palau in the exports of Machines ($1.96M), Plastics and Rubbers ($807k), and Metals ($663k).

During 2018, Palau had a large net trade with Chinese Taipei in the exports of Metals ($505k), Plastics and Rubbers ($29.6k), and Machines ($18k).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Palau (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with