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Palau is the 200th largest export economy in the world. In 2016, Palau exported $24.1M and imported $185M, resulting in a negative trade balance of $161M. In 2016 the GDP of Palau was $310M and its GDP per capita was $16.3k.

The top exports of Palau are Non-fillet Fresh Fish ($14.3M), Passenger and Cargo Ships ($7.4M), Scrap Vessels ($315k), Other Sea Vessels ($260k) and Surveying Equipment ($247k), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($24.3M), Passenger and Cargo Ships ($19.6M), Surveying Equipment ($7.66M), Cars ($6.62M) and Non-fillet Fresh Fish ($6.36M).

The top export destinations of Palau are Japan ($14.1M), Greece ($7.4M), the United States ($1.27M), Turkey ($315k) and Other Asia ($262k). The top import origins are the United States ($61.8M), Japan ($36.2M), Singapore ($17M), Other Asia ($15M) and China ($14.9M).

Palau is an island and borders Indonesia, the Philippines and Micronesia by sea.

Economic Complexity of Palau

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