Net trade in goods (BoP, current US$) in Palau
Palau: Net trade in goods (BoP, current US$) was -162.42 million BoP, current US$ in 2023. ▼ Falling
Net trade in goods in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Palau recorded -162.42 million BoP, current US$ for net trade in goods in 2023. That is the lowest value across all 19 years on record.
That represents a change of down 3.8% on the previous year and down 22.9% over ten years.
Over the whole period, net trade in goods in Palau peaked at -85.90 million BoP, current US$ in 2009 and was at its lowest, -162.42 million BoP, current US$, in 2023.
That places Palau 76th out of 200 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Net trade in goods (BoP, current US$) in Palau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -97.10 million BoP, current US$ | — |
| 2006 | -105.62 million BoP, current US$ | +8.8% |
| 2007 | -99.04 million BoP, current US$ | -6.2% |
| 2008 | -108.31 million BoP, current US$ | +9.4% |
| 2009 | -85.90 million BoP, current US$ | -20.7% |
| 2010 | -91.10 million BoP, current US$ | +6.0% |
| 2011 | -112.22 million BoP, current US$ | +23.2% |
| 2012 | -123.92 million BoP, current US$ | +10.4% |
| 2013 | -132.13 million BoP, current US$ | +6.6% |
| 2014 | -158.65 million BoP, current US$ | +20.1% |
| 2015 | -142.08 million BoP, current US$ | -10.4% |
| 2016 | -134.30 million BoP, current US$ | -5.5% |
| 2017 | -139.46 million BoP, current US$ | +3.8% |
| 2018 | -138.15 million BoP, current US$ | -0.9% |
| 2019 | -140.92 million BoP, current US$ | +2.0% |
| 2020 | -149.75 million BoP, current US$ | +6.3% |
| 2021 | -127.00 million BoP, current US$ | -15.2% |
| 2022 | -156.49 million BoP, current US$ | +23.2% |
| 2023 | -162.42 million BoP, current US$ | +3.8% |
Palau compared with similar countries
- Palau's -162.42 million BoP, current US$ is above the median for high income countries, which is -758.89 million BoP, current US$, 21% of the median. (72 countries reporting)
- Palau's -162.42 million BoP, current US$ is below the median for East Asia & Pacific, which is -98.47 million BoP, current US$, 1.6× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -99.20 million BoP, current US$ | -108.31 million BoP, current US$ | -85.90 million BoP, current US$ | 5 |
| 2010s | -131.29 million BoP, current US$ | -158.65 million BoP, current US$ | -91.10 million BoP, current US$ | 10 |
| 2020s | -148.92 million BoP, current US$ | -162.42 million BoP, current US$ | -127.00 million BoP, current US$ | 4 |
Countries ranked near Palau
- 73 Equatorial Guinea -116.73 million BoP, current US$
- 74 Sao Tome and Principe -145.00 million BoP, current US$ compare
- 75 Slovenia -159.76 million BoP, current US$ compare
- 77 Guinea-Bissau -184.10 million BoP, current US$ compare
- 78 Liberia -202.06 million BoP, current US$ compare
- 79 Dominica -244.81 million BoP, current US$ compare
More economy & growth data for Palau
- Real gdp growth, annual growth rate 881.68 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0287 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.2 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.043 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0209 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.06 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods in Palau?
- Net trade in goods in Palau was -162.42 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Palau?
- The highest recorded value was -85.90 million BoP, current US$ in 2009.
- What is the lowest net trade in goods recorded in Palau?
- The lowest recorded value was -162.42 million BoP, current US$ in 2023.
- How does Palau rank for net trade in goods?
- Palau ranks 76th out of 200 countries with data for 2023.
- Is net trade in goods rising or falling in Palau?
- Over the last ten years it is down 22.9%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.