Palau: Commercial service imports (current US$)

Key figures

What the numbers say

In 2023, Palau's commercial service imports (current US$) fell 30.7% on 2022 (from US$59.65 million to US$41.35 million).

Across the 17 yearly changes before that (2006 to 2022), the average change was +5.3% and a typical year strayed about 16% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 43.1% in 2022 and the biggest yearly fall was 30.7% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Palau had the 11th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Palau in the 2023 ranking

• Curaçao — 8th of 12: US$922.75 million
• Sint Maarten (Dutch part) — 9th of 12: US$327.52 million
• Comoros — 10th of 12: US$203.75 million
• Tuvalu — 12th of 12: US$26.83 million

What this measures

Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Balance of payments statistics, the main source of information on international trade in services, have many weaknesses. Disaggregation of important components may be limited and varies considerably across countries. There are inconsistencies in the methods used to report items. And the recording of major flows as net items is common (for example, insurance transactions are often recorded as premiums less claims). These factors contribute to a downward bias in the value of the service trade reported in the balance of payments. Efforts are being made to improve the coverage, quality, and consistency of these data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 19 values

Commercial service imports (current US$) in nearby economies

• Australia — US$114.67 billion (2025)
• Brunei Darussalam — US$1.51 billion (2025)
• Cambodia — US$3.19 billion (2025)
• China — US$619.6 billion (2025)
• Fiji — US$979.74 million (2024)
• French Polynesia — US$382.81 million (2016)
• Hong Kong SAR, China — US$93.42 billion (2025)
• Indonesia — US$62.67 billion (2025)
• Japan — US$266.13 billion (2025)
• Kiribati — US$80.44 million (2025)

More private sector & trade data for Palau

• Merchandise trade (% of GDP) — 47.83% (2025)
• Merchandise imports (current US$) — US$162 million (2025)
• Merchandise exports (current US$) — US$3 million (2025)
• International tourism, number of arrivals — 18,400 (2020)
• Import unit value index (2015 = 100) — 125.2 (2025)
• Export unit value index (2015 = 100) — 121.7 (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 84.82% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 0.78% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)

Reading data like this

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Questions people ask

What is Palau's commercial service imports (current US$)?

US$41.35 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 38.44% from US$29.87 million in 2005 (1.82% a year on average, compounded). The highest value was US$66.62 million in 2017 and the lowest US$29.87 million in 2005.

How does Palau rank?

11th highest of 12 economies with data for 2023.

Is the latest change in commercial service imports (current US$) unusual for Palau?

In 2023, Palau's commercial service imports (current US$) fell 30.7% on 2022 (from US$59.65 million to US$41.35 million). Across the 17 yearly changes before that (2006 to 2022), the average change was +5.3% and a typical year strayed about 16% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator TM.VAL.SERV.CD.WT, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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