Palau's merchandise exports by the reporting economy (current US$) was US$1.91 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 81.74% from US$10.46 million in 2013 (15.64% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.91 million | 2023 |
| Five years earlier | US$8.89 million | 2018 |
| Ten years earlier | US$10.46 million | 2013 |
| Highest | US$13.19 million | 2006 |
| Lowest | US$1.91 million | 2023 |
| Average since 2014 | US$5.51 million | 2014–2023 |
| First recorded | US$2.78 million |
What the numbers say
In 2023, Palau's merchandise exports by the reporting economy (current US$) fell 58.9% on 2022 (from US$4.65 million to US$1.91 million).
Across the 22 yearly changes before that (2001 to 2022), the average change was +14.3% and a typical year strayed about 53.3% from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 131.3% in 2022 and the biggest yearly fall was 66.5% in 2020. 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 the straight-line trend is downward, about US$697,774 a year. A straight line explains 48% of the movement over 10 observed years.
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 205th highest value of the 205 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.
| Value | Year | |
|---|---|---|
| Palau | US$1.91 million | 2023 |
| World | US$22.82 trillion | 2023 |
| East Asia & Pacific | US$7.58 trillion | 2023 |
| High income | US$15.05 trillion | 2023 |
Closest to Palau in the 2023 ranking
- Tuvalu — 202nd of 205: US$8.23 million
- Kiribati — 203rd of 205: US$6.01 million
- French Polynesia — 204th of 205: US$2.26 million
What this measures
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Regional and income-group figures are computed by the World Bank as a sum.
All 24 values
| Year | Merchandise exports by the reporting economy (current US$) |
|---|---|
| 2023 | 1,910,650 |
| 2022 | 4,649,742 |
| 2021 | 2,010,225 |
| 2020 | 2,505,771 |
| 2019 | 7,477,805 |
| 2018 | 8,889,326 |
| 2017 | 4,154,096 |
| 2016 | 8,381,064 |
| 2015 | 4,868,010 |
| 2014 | 10,287,770 |
Merchandise exports by the reporting economy (current US$) in nearby economies
- American Samoa — US$17.41 million (2023)
- Australia — US$362.3 billion (2023)
- Brunei Darussalam — US$10.53 billion (2023)
- Cambodia — US$22.04 billion (2023)
- China — US$3.42 trillion (2023)
- Fiji — US$732.24 million (2023)
- French Polynesia — US$2.26 million (2023)
- Guam — US$219.73 million (2023)
- Hong Kong SAR, China
More private sector & trade data for Palau
- Merchandise trade (% of GDP) — 47.83% (2025)
- Merchandise imports (current US$) — US$162 million (2025)
- Merchandise exports (current US$) — US$3 million (2025)
- International tourism, number of arrivals — 18,400 (2020)
- Import unit value index (2015 = 100) — 125.2 (2025)
- Export unit value index (2015 = 100) — 121.7 (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 84.82% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 0.78% (2023)
- Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
Reading data like this
Questions people ask
- What is Palau's merchandise exports by the reporting economy (current US$)?
- US$1.91 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 31.3% from US$2.78 million in 2000 (1.62% a year on average, compounded). The highest value was US$13.19 million in 2006 and the lowest US$1.91 million in 2023.
- How does Palau rank?
- 205th highest of 205 economies with data for 2023.
- Is the latest change in merchandise exports by the reporting economy (current US$) unusual for Palau?
- In 2023, Palau's merchandise exports by the reporting economy (current US$) fell 58.9% on 2022 (from US$4.65 million to US$1.91 million). Across the 22 yearly changes before that (2001 to 2022), the average change was +14.3% and a typical year strayed about 53.3% from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, 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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