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Palau Trade Summary

2017

Palau exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR PALAU 2017

Overall Exports and Imports for Palau 2017

Exports and imports of Palau in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 6 million.
  • The total value of imports (CIF) was 158 million.
  • At the HS6 digit level, 249 products were exported to 13 countries and 2,940 products were imported from 104 countries.

Palau top 5 Export and Import partners 2017

Top five countries to which Palau exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Palau exports to Unspecified worth US$ 2 million, with a partner share of 38.87 percent.
  2. Palau exports to Japan worth US$ 1 million, with a partner share of 23.35 percent.
  3. Palau exports to Guam worth US$ 1 million, with a partner share of 14.52 percent.
  4. Palau exports to United States worth US$ 1 million, with a partner share of 8.41 percent.
  5. Palau exports to Australia worth US$ 1 million, with a partner share of 8.32 percent.

Top five countries from which Palau imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Palau imports from United States worth US$ 57 million, with a partner share of 35.84 percent.
  2. Palau imports from Singapore worth US$ 24 million, with a partner share of 15.27 percent.
  3. Palau imports from Japan worth US$ 20 million, with a partner share of 12.54 percent.
  4. Palau imports from Korea, Rep. worth US$ 12 million, with a partner share of 7.31 percent.
  5. Palau imports from China worth US$ 11 million, with a partner share of 7.25 percent.

Palau Top 5 Productsexports imports at HS 6 digit level 2017

The top five exported HS 6 digit level products to world by Palau along with trade value are:

  1. Palau exported Fresh or chilled yellowfin tunas , worth US$ 737.13 million.
  2. Palau exported Diesel powered trucks with a GVW not exceeding , worth US$ 729.13 million.
  3. Palau exported Graders and levellers, self-propelled , worth US$ 699.43 million.
  4. Palau exported Parts and accessories for use with the apparatu , worth US$ 552.74 million.
  5. Palau exported Surveying,hydrographic,oceanographic,meteorolog , worth US$ 528.18 million.

The top five imported HS 6 digit level products from world by Palau along with trade value are

  1. Palau imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 29,746.12 million.
  2. Palau imported Beer made from malt , worth US$ 3,190.88 million.
  3. Palau imported Automobiles with reciprocating piston engine di , worth US$ 2,163.36 million.
  4. Palau imported Structures and parts of structures,i or s , worth US$ 1,885.25 million.
  5. Palau imported Frozen boneless bovine meat , worth US$ 1,777.18 million.

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Palau in 2017 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 14.14 percent.
  • The trade weighted average tariff was 29.88 .
  • The total duty free imports in thousands of US dollars were 30,863.98 and duty free tariff line items share was 14.47 percent.

Development Indicators 2017

Key Development Indicators of Palau in 2017 are below

  • Palau GDP in current US dollar was 290 million.
  • GNI per capita, Atlas method (current US$) was 12,700.00 .
  • Palau Trade balance: as % of GDP was -26.51.
  • Trade balance in current US$ was -77.00 million.
  • Trade as percentage of GDP was 124.20 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2017

Trade Indicators for Palau in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.71.
  • Index of export market penetration was 1.14.
  • World Growth in percentage was 1.50 and Palau Country Growth was -0.92 .