Palau is the 119th largest export economy in the world. In 2016, Palau exported $1.27M and imported $145M, resulting in a negative trade balance of $144M.
The top exports of Palau are Other Sea Vessels ($260k), Iron Gas Containers ($138k), Surveying Equipment ($110k), Cars ($107k) and Sports Equipment ($84.8k), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($25.1M), Surveying Equipment ($8.06M), Cars ($5.74M), Beer ($3.25M) and Recreational Boats ($3.14M).
The top export destinations of Palau are the United States ($575k), Guam ($253k), Japan ($112k), Morocco ($92.6k) and Andorra ($90.1k). The top import origins are Japan ($27.9M), the United States ($25.7M), China ($19.2M), South Korea ($10.9M) and the Philippines ($2.67M).