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Palau Trade Summary

2018

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 2018

Overall Exports and Imports for Palau 2018

Exports and imports of Palau in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 9 million.
  • The total value of imports (CIF) was 154 million.
  • At the HS6 digit level, 126 products were exported to 18 countries and 2,984 products were imported from 116 countries.

Palau top 5 Export and Import partners 2018

Top five countries to which Palau exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Palau exports to Japan worth US$ 7 million, with a partner share of 77.22 percent.
  2. Palau exports to Unspecified worth US$ 1 million, with a partner share of 8.95 percent.
  3. Palau exports to Panama worth US$ 0 million, with a partner share of 4.65 percent.
  4. Palau exports to Micronesia, Fed. Sts. worth US$ 0 million, with a partner share of 3.31 percent.
  5. Palau exports to United States worth US$ 0 million, with a partner share of 2.62 percent.

Top five countries from which Palau imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Palau imports from United States worth US$ 54 million, with a partner share of 34.76 percent.
  2. Palau imports from Singapore worth US$ 26 million, with a partner share of 17.02 percent.
  3. Palau imports from Korea, Rep. worth US$ 16 million, with a partner share of 10.27 percent.
  4. Palau imports from Japan worth US$ 16 million, with a partner share of 10.09 percent.
  5. Palau imports from China worth US$ 9 million, with a partner share of 5.70 percent.

Palau Top 5 Productsexports imports at HS 6 digit level 2018

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$ 4,666.32 million.
  2. Palau exported Fresh or chilled tunas, nes , worth US$ 2,739.06 million.
  3. Palau exported Helicopters of an unladen weight exceeding 2,00 , worth US$ 400.00 million.
  4. Palau exported Other live fish , worth US$ 91.82 million.
  5. Palau exported Self-propelled excavating machinery nes , worth US$ 70.00 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$ 35,883.27 million.
  2. Palau imported Beer made from malt , worth US$ 3,064.91 million.
  3. Palau imported Automobiles with reciprocating piston engine di , worth US$ 2,709.32 million.
  4. Palau imported Other medicaments of mixed or unmixed products, , worth US$ 1,822.66 million.
  5. Palau imported Frozen boneless bovine meat , worth US$ 1,744.70 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Palau in 2018 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 15.56 percent.
  • The trade weighted average tariff was 34.63 .
  • 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 2018

Key Development Indicators of Palau in 2018 are below

  • Palau GDP in current US dollar was 284 million.
  • GNI per capita, Atlas method (current US$) was 17,280.00 .
  • Palau Trade balance: as % of GDP was -29.31.
  • Trade balance in current US$ was -83.00 million.
  • Trade as percentage of GDP was 123.30 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2018

Trade Indicators for Palau in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.52.
  • Index of export market penetration was 1.17.
  • World Growth in percentage was 3.50 and Palau Country Growth was 11.02 .