Exporter Rank

121 / 121

Importer Rank

120 / 121

Trade Balance Rank

39 / 121

Total Trade [1]

Total Exports (2017) $6,419,759
Total Imports (2017) $157,813,256
Trade Balance (2017) ($151,393,497)
Exports of goods and services (% of GDP) (2017) [2] 50.24%
Imports of goods and services (% of GDP) (2017) [2] 76.44%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Japan $1,499,108
United States $540,147
Australia $534,390
Federated States of Micronesia $137,019
New Zealand $25,000
Kenya $14,500
Switzerland $13,882
Singapore $9,652
Panama $470

Import Partners

Top 10 Import Countries

Country Import USD$
United States $56,562,845
Singapore $24,094,230
Japan $19,792,161
South Korea $11,542,347
China $11,445,824
Philippines $6,358,192
Hong Kong $2,898,104
Australia $1,889,121
Thailand $1,063,122
New Zealand $999,938

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(84) Industrial Machinery $2,000,810
(03) Seafood $1,290,973
(90) Precision Instruments $1,126,276
(87) Motor Vehicles & Parts $979,852
(73) Iron & Steel Articles $193,592
(88) Aircraft $102,031
(85) Electrical Machinery $77,904
(19) Cereal, Flour & Starch $73,229
(72) Iron & Steel $70,120
(76) Aluminum $68,586

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $31,227,988
(84) Industrial Machinery $15,979,132
(85) Electrical Machinery $11,469,346
(87) Motor Vehicles & Parts $9,531,323
(22) Beverages $6,755,031
(73) Iron & Steel Articles $5,934,494
(02) Meat $5,212,184
(90) Precision Instruments $5,004,709
(39) Plastics $4,689,370
(94) Furniture $4,219,305

Sources:

  1. UN Comtrade (2017) except where stated otherwise.
  2. The World Bank. Accessed: 12/1/2018
Palau