As of 2022, Palau's total merchandise exports were valued at approximately **US\$2.1 million**, reflecting a modest export economy primarily centered around marine products and limited manufacturing.
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### 🇵🇼 Top Export Products of Palau (2022)
Due to the limited scale of Palau's export economy, detailed rankings beyond the top few products are not extensively documented. However, the primary export categories include:
1. **Fish and crustaceans, molluscs, and other aquatic invertebrates**: This category remains Palau's leading export, encompassing various marine products. ([palaugov.pw][1])
2. **Shellfish**: Including species like trochus shells, which are traditionally significant in Palau's exports. ([palaugov.pw][2])
3. **Tuna**: A vital component of Palau's fishing industry, contributing notably to export revenues.
4. **Copra**: Dried coconut kernels used in oil extraction, representing a traditional agricultural export.
5. **Garments**: Limited textile manufacturing contributes to this export category. ([CountryReports][3])
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### 🌍 Top Export Destinations
Palau's primary export partners include:
* **Japan**: A significant market for Palau's marine products.
* **United States**: Engages in trade across various sectors with Palau.
* **Singapore**: Acts as a regional hub for Palau's exports.
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### 📊 Economic Context
Palau's export economy is relatively small, with a significant trade deficit. In 2022, the country imported goods worth approximately **US\$210 million**, highlighting its reliance on imports for various needs. ([Lloyds Bank Trade][4])
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If you require more detailed information on specific export categories or trade partners, feel free to ask!
[1]: https://www.palaugov.pw/wp-content/uploads/2022/08/IMTS-Release_2nd-Qtr-2022.pdf?utm_source=chatgpt.com "International Merchandise Trade Statistics Republic of Palau"
[2]: https://www.palaugov.pw/wp-content/uploads/2022/04/IMTS-Release-2022_Q1.pdf?utm_source=chatgpt.com "International Merchandise Trade Statistics Republic of Palau - PalauGov.pw"
[3]: https://www.countryreports.org/country/Palau/imports-exports.htm?utm_source=chatgpt.com "Palau Exports. The economy of Palau. - CountryReports"
[4]: https://www.lloydsbanktrade.com/en/market-potential/palau/trade-profile?utm_source=chatgpt.com "Trade Profile - Palau - International Trade Portal"
