Palau's net trade in goods and services (current US$, BoP) was −US$143.53 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 185.57% from −US$50.26 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$143.53 million | 2023 |
| Five years earlier | −US$92.66 million | 2018 |
| Ten years earlier | −US$50.26 million | 2013 |
| Highest | −US$30.43 million | 2015 |
| Lowest | −US$183.36 million | 2022 |
| Average since 2014 | −US$108.63 million | 2014–2023 |
| First recorded | −US$56.3 million |
What the numbers say
In 2023, Palau's net trade in goods and services (current US$, BoP) rose US$39.83 million on 2022 (from −US$183.36 million to −US$143.53 million).
Across the 17 yearly changes before that (2006 to 2022), the average change was −US$7.47 million and a typical year strayed about US$19.03 million from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$39.83 million in 2023 and the biggest yearly fall was US$40.19 million 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$14.83 million a year. A straight line explains 84% 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 7th 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
- South Sudan — 4th of 12: US$55.85 million
- Sint Maarten (Dutch part) — 5th of 12: US$15.33 million
- Tuvalu — 6th of 12: −US$57.04 million
- Comoros — 8th of 12: −US$355.58 million
- Curaçao — 9th of 12: −US$657.76 million
- Benin — 10th of 12: −US$1.68 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 19 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2023 | -143,531,000 |
| 2022 | -183,359,000 |
| 2021 | -157,502,000 |
| 2020 | -149,832,000 |
| 2019 | -109,646,000 |
| 2018 | -92,657,000 |
| 2017 | -90,357,000 |
| 2016 | -65,579,000 |
| 2015 | -30,432,670 |
| 2014 | -63,443,838 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Australia — US$4.58 billion (2025)
- Brunei Darussalam — US$2.94 billion (2025)
- Cambodia — −US$3.44 billion (2025)
- China — US$822.44 billion (2025)
- Fiji — −US$604.27 million (2024)
- French Polynesia — −US$670.14 million (2016)
- Hong Kong SAR, China — US$12.43 billion (2025)
- Indonesia — US$29.65 billion (2025)
- Japan — −US$26.84 billion (2025)
- Kiribati
More economic policy & debt data for Palau
- GDP (current US$) — US$345 million (2025)
- GDP (current LCU) — 345 million (2025)
- GDP (constant 2015 US$) — US$275.84 million (2025)
- GDP (constant LCU) — 280 million (2025)
- GDP per capita (current US$) — US$19,532 (2025)
- GDP per capita (current LCU) — 19,532 (2025)
- GDP per capita (constant 2015 US$) — US$15,617 (2025)
- GDP per capita (constant LCU) — 15,852 (2025)
- GNI (current US$) — US$351.4 million (2025)
- GNI (current LCU) — 351.4 million (2025)
- GNI per capita (current LCU) — 19,895 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Palau's net trade in goods and services (current US$, BoP)?
- −US$143.53 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 154.95% from −US$56.3 million in 2005. The highest value was −US$30.43 million in 2015 and the lowest −US$183.36 million in 2022.
- How does Palau rank?
- 7th highest of 12 economies with data for 2023.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Palau?
- In 2023, Palau's net trade in goods and services (current US$, BoP) rose US$39.83 million on 2022 (from −US$183.36 million to −US$143.53 million). Across the 17 yearly changes before that (2006 to 2022), the average change was −US$7.47 million and a typical year strayed about US$19.03 million from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BN.GSR.GNFS.CD, 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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