Net trade in goods and services in Palau
Palau: Net trade in goods and services was -143.53 million BoP, current US$ in 2023. ◆ Volatile
Net trade in goods and services in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Palau is -143.53 million BoP, current US$, measured in 2023.
Compared with earlier readings it is up 21.7% on the previous year and down 185.6% over ten years.
Over the whole period, net trade in goods and services in Palau peaked at -30.43 million BoP, current US$ in 2015 and was at its lowest, -183.36 million BoP, current US$, in 2022.
That places Palau 94th out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -56.07 million BoP, current US$ | -68.41 million BoP, current US$ | -37.93 million BoP, current US$ | 5 |
| 2010s | -65.42 million BoP, current US$ | -109.65 million BoP, current US$ | -30.43 million BoP, current US$ | 10 |
| 2020s | -158.56 million BoP, current US$ | -183.36 million BoP, current US$ | -143.53 million BoP, current US$ | 4 |
Countries ranked near Palau
- 91 Sao Tome and Principe -118.95 million BoP, current US$ compare
- 92 Faroe Islands -130.43 million BoP, current US$ compare
- 93 Saint Kitts and Nevis -131.42 million BoP, current US$ compare
- 95 Grenada -186.47 million BoP, current US$ compare
- 96 Samoa -195.43 million BoP, current US$ compare
- 97 Solomon Islands -214.25 million BoP, current US$ compare
More economy & growth data for Palau
- Gross fixed capital formation 115.22 million current LCU (2024)
- Exports of goods and services 105.13 million current US$ (2024)
- Exports of goods and services 105.13 million current LCU (2024)
- Exports of goods and services 92.19 million constant 2015 US$ (2024)
- Exports of goods and services 40.6% (2024)
- Services, value added 234.96 million current LCU (2024)
- Exports of goods and services 32.7% (2024)
- Gross fixed capital formation 115.22 million current US$ (2024)
- Changes in inventories -2.80 million current US$ (2024)
- Gross fixed capital formation 35.8% (2024)
Frequently asked questions
- What is net trade in goods and services in Palau?
- Net trade in goods and services in Palau was -143.53 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 and services recorded in Palau?
- The highest recorded value was -30.43 million BoP, current US$ in 2015.
- What is the lowest net trade in goods and services recorded in Palau?
- The lowest recorded value was -183.36 million BoP, current US$ in 2022.
- How does Palau rank for net trade in goods and services?
- Palau ranks 94th out of 199 countries with data for 2023.
- Is net trade in goods and services rising or falling in Palau?
- Over the last ten years it is down 185.6%. The long-run trend across the full record is volatile.
- 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 and services (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 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.