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Palau
(information)
Top Exports
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.
- **Fish and crustaceans, molluscs, and other aquatic invertebrates**: This category remains Palau's leading export, encompassing various marine products.
- **Shellfish**: Including species like trochus shells, which are traditionally significant in Palau's exports.
- **Tuna**: A vital component of Palau's fishing industry, contributing notably to export revenues.
- **Copra**: Dried coconut kernels used in oil extraction, representing a traditional agricultural export.
- **Garments**: Limited textile manufacturing contributes to this export category.
Top Export Destinations
- **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.
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.
