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2022
Flag → Flag
Exports $21MRnk 188 / 219
2022
Flag → Flag
Top Product $3.19MOther Edible Preparations
2022
Flag → Flag
Exports $540kRnk 5 / 38
2022
Flag → Flag
Top Product $379kLive Fish
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

United States-Palau Trade: In 2022, United States exported $21M to Palau. The main products that United States exported to Palau were Other Edible Preparations ($3.19M), Frozen Bovine Meat ($1.69M), and Poultry Meat ($1.3M). Over the past 5 years the exports of United States to Palau have decreased at an annualized rate of 16.5%, from $51.7M in 2017 to $21M in 2022.

In 2022, United States did not export any services to Palau.

Palau-United States Trade: In 2022, Palau exported $540k to United States. The main products that Palau exported to United States were Live Fish ($379k), Surveying Equipment ($78.1k), and Coral and Shells ($56.9k). Over the past 5 years the exports of Palau to United States have decreased at an annualized rate of 12.7%,  from $1.07M in 2017 to $540k in 2022.

In 2022, Palau did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Palau ranked 219 in total exports ($7.75M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Palau to the United States. Conversely, were notable for importing products to Palau from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $1.48M and imported $463k from Palau, resulting in a positive trade balance of $1.02M. Between August 2023 and August 2024 the exports of United States have decreased by $-177k (-10.7%) from $1.66M to $1.48M, while imports increased by $433k (1.48k%) from $29.4k to $463k.

Trade In August 2024, the top exports of United States to Palau were Other Edible Preparations ($205k), Commodities not elsewhere specified ($167k), Other Plastic Products ($134k), Onions ($102k), and Pig Meat ($80.1k). In August 2024 the top imports of United States from Palau were Live Fish ($24.3k), Coral and Shells ($11.7k), Coin ($10.2k), and Commodities not elsewhere specified ($554).

Origins In August 2024 the exports of United States were mainly from California ($693k), Texas ($178k), Oregon ($154k), Wisconsin ($53.5k), and Indiana ($51.6k), while imports destinations were mainly West Virginia ($411k), Florida ($51.1k), California ($0), and Dist of Columbia ($0).

Growth In August 2024, the decrease in United States's year-by-year exports to Palau was explained primarily by an decrease in product exports in Frozen Bovine Meat ($-214k or -94.1%), Sawn Wood ($-60.5k or -70.6%), and Other Edible Preparations ($-43.7k or -17.6%). In August 2024, the increase in United States's year-by-year imports  from Palau was explained primarily by an increase in product imports  in Live Fish ($2.86k or 13.3%) and Commodities not elsewhere specified ($551 or 18.4k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-177k(-10.7%)
IMPORT GROWTH (August 2023 - August 2024)$433k(1.48k%)
MAIN EXPORTER (August 2024)California$693k

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Palau and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $21M to Palau. The main products exported from United States to Palau were Other Edible Preparations ($3.19M), Frozen Bovine Meat ($1.69M), and Poultry Meat ($1.3M). During the last 5 years the exports of United States to Palau have decreased at an annualized rate of 16.5%, from $51.7M in 2017 to $21M in 2022.

In 2017, Palau exported $540k to United States. The main products exported from Palau to United States were Live Fish ($379k), Surveying Equipment ($78.1k), and Coral and Shells ($56.9k). During the last 5 years the exports of Palau to United States have decreased at an annualized rate of 12.7%, from $1.07M in 2022 to $540k in 2017.

Exports from United States (Flag) to Palau (Flag) (2022)

Exports from Palau (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Palau
Top DestinationGreece$2.11M

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

In 2022, countries that imported more from United States than Palau included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Palau than from United States.

Difference in imports from Palau (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Palau

Flow
Scale

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

During 2022, United States had a large net trade with Palau in the exports of Foodstuffs ($5.88M), Animal Products ($4.5M), and Machines ($4M).

During 2017, Palau had a large net trade with United States in the exports of Animal Products ($435k), Instruments ($83.2k), and Stone And Glass ($10.1k).

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Palau (Flag) (2022)

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