Palau (PLW) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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Palau-Micronesia Trade: In 2018, Palau exported $284k to Micronesia. The main products that Palau exported to Micronesia were N/A. Over the past 5 years the exports of Palau to Micronesia have increased at an annualized rate of 27.8%, from $83.1k in 2013 to $284k in 2018.

In 2018, Palau did not export any services to Micronesia.

Micronesia-Palau Trade: In 2018, Micronesia exported $213k to Palau. The main products that Micronesia exported to Palau were N/A. Over the past 5 years the exports of Micronesia to Palau have increased at an annualized rate of 15.5%, from $104k in 2013 to $213k in 2018.

In 2018, Micronesia did not export any services to Palau.

Comparison In 2022, Palau ranked 219 in total exports ($7.75M). That same year, Micronesia ranked 191 in total exports ($183M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Palau exported $284k to Micronesia. There were not main exports from Palau to Micronesia in 2018. During the last 5 years the exports of Palau to Micronesia have increased at an annualized rate of 27.8%, from $83.1k in 2013 to $284k in 2018.

In 2013, Micronesia exported $213k to Palau. There were not main exports from Micronesia to Palau in 2013. During the last 5 years the exports of Micronesia to Palau have increased at an annualized rate of 15.5%, from $104k in 2018 to $213k in 2013.

Exports from Palau () to Micronesia () (2018)

Exports from Micronesia () to Palau () (2018)

Latest Data

Trade between Palau () and Micronesia ()

Palau Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Palau
Top DestinationGreece$2.11M

Micronesia
Top DestinationThailand$143M

This map shows whether countries import more from Palau or Micronesia. Each country is colored based on the difference in imports they receive from Palau and Micronesia or the difference in the growth in imports.

In 2022, countries that imported more from Palau than Micronesia included Greece ($2.11M), France ($1.37M), and Chinese Taipei ($603k).

In 2022, countries that imported more from Micronesia than Palau included Thailand ($143M), Philippines ($22.7M), and Japan ($8.37M).

Difference in imports from Micronesia () and Palau () (2022)

Comparative Advantage Palau - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Palau and Micronesia by product, considering products traded by both, Palau and Micronesia.

During 2018, Palau had a large net trade with Micronesia in the exports of .

During 2013, Micronesia had a large net trade with Palau in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Palau and Micronesia. This means that a dot/product with the flag of Palau indicates it has a comparative advantage over Micronesia. Similarly, a dot/product with the flag of Micronesia indicates it has a comparative advantage over Palau.

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Historical Data

Bilateral Trade by Products

Exports from Palau () to Micronesia () (2018)

Exports from Micronesia () to Palau () (2018)

Latest Data

Trade between Palau () and Micronesia ()

Palau Exports

Market Competitiveness

Difference in imports from Micronesia () and Palau () (2022)

Comparative Advantage Palau - Micronesia

Economic Complexity

Competitive Landscape

Product Space of Palau () and Micronesia () (2018)

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