2023
Exports
$554kWorld Rnk 170 / 214
Flag Rnk 2 / 94
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$29.7MWorld Rnk 201 / 226
Flag Rnk 2 / 659

About

Exports In 2023, Palau exported $554k in Refined Petroleum, making it the 170th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Palau. The main destination of Refined Petroleum exports from Palau are: India ($378k), United Arab Emirates ($175k), and Singapore ($847).

The fastest growing export markets for Refined Petroleum of Palau between 2022 and 2023 were India ($378k), United Arab Emirates ($165k), and Singapore ($847).

Imports In 2023, Palau imported $29.7M in Refined Petroleum, becoming the 201st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Palau. Palau imports Refined Petroleum primarily from: Turkey ($13.6M), China ($10.2M), Greece ($3.2M), Brazil ($2.06M), and Singapore ($392k).

The fastest growing import markets in Refined Petroleum for Palau between 2022 and 2023 were Turkey ($8.08M), China ($5.07M), and Brazil ($1.93M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$554k
IMPORTS (2023)$29.7M
NET TRADE (2023)-$29.2M

In 2023, Palau exported $554k in Refined Petroleum. The main destinations of Palau exports on Refined Petroleum were India ($378k), United Arab Emirates ($175k), and Singapore ($847).

In 2023, Palau imported $29.7M in Refined Petroleum, mainly from Turkey ($13.6M), China ($10.2M), Greece ($3.2M), Brazil ($2.06M), and Singapore ($392k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Palau WERE (2022 - 2023):
India$378k (1%)
United Arab Emirates$165k (1.62k%)
Singapore$847 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Palau WERE (2022 - 2023):
Australia-$2.17k (-100%)
South Africa-$385 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Palau's main exporting competitors in Refined Petroleum were:
In 2023, Palau's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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