Exporter Rank

119 / 119

Importer Rank

118 / 119

Trade Balance Rank

38 / 119

Total Trade [1]

Total Exports (2018) $8,620,908
Total Imports (2018) $154,412,826
Trade Balance (2018) ($145,791,918)
Exports of goods and services (% of GDP) (2018) [2] 46.99%
Imports of goods and services (% of GDP) (2018) [2] 76.3%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Japan $6,656,858
Panama $401,086
Federated States of Micronesia $285,705
United States $226,206
Cambodia $15,985
Fiji $10,073
China $10,000
Hong Kong $9,653
Kenya $7,665
Philippines $6,830

Import Partners

Top 10 Import Countries

Country Import USD$
United States $53,673,277
Singapore $26,282,981
South Korea $15,852,085
Japan $15,586,309
China $8,806,854
Philippines $6,139,351
Australia $1,882,907
Hong Kong $1,609,269
New Zealand $1,544,546
Thailand $1,012,304

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

Top 10 Export Goods

HS Code Export USD$
(03) Seafood $7,602,787
(88) Aircraft $406,431
(84) Industrial Machinery $156,119
(87) Motor Vehicles & Parts $64,500
(76) Aluminum $62,807
(72) Iron & Steel $59,790
(25) Natural Minerals & Stone $49,082
(73) Iron & Steel Articles $35,995
(32) Paints & Dyes $31,691
(44) Wood $30,201

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $37,162,198
(84) Industrial Machinery $13,564,357
(85) Electrical Machinery $9,349,803
(87) Motor Vehicles & Parts $7,956,683
(22) Beverages $6,822,675
(02) Meat $4,904,108
(39) Plastics $4,386,750
(90) Precision Instruments $4,120,171
(73) Iron & Steel Articles $4,084,001
(94) Furniture $3,824,483

Sources:

  1. UN Comtrade (2018) except where stated otherwise.
  2. The World Bank. Accessed: 1/12/2020
Palau