Palau-China Bilateral Trade Analysis 2023
Complete trade statistics: $42.02M total volume •Palau deficit: $42.02M
Palau → China
$2,434
Exports (2023)
China → Palau
$42.02M
Imports (2023)
Trade Balance
$42.02M
Deficit for Palau
Total Trade
$42.02M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Palau and China. Green line shows exports from Palau, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Palau-China commercial relationship and competitive positioning in global markets.
Palau → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Palau's export portfolio to China demonstrates strategic specialization, with machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 representing a key competitive advantage in this bilateral market.
China → Palau Imports
Import Dependency Profile
📦 Import Strategy Analysis
Palau's import pattern from China reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Palau demonstrates competitive strength in exportingmachinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $42.02M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Palau-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $42.02 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Palau maintains a deficit of $42.02 million
- Export Focus: Palau's primary exports include machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, rubber: vulcanised, conveyor belts or belting, reinforced only with textile materials
- Import Dependencies: Key imports from China include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor, machinery: for filtering or purifying water
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $42.02M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Palau leveraging its comparative advantages in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Palau's specialization in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471complements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $42.02M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $42.02M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $42.02 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Palau's trade deficit of $42.02 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Palau and China represents a total trade volume of $42.02 million in 2023. This partnership demonstrates an unfavorable trade balance for Palau, with imports exceeding exportsby $42.02 million.
Export Strengths
Palau's exports to China total $2.43 thousand, with competitive advantages in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, representing $2,400 or98.6% of bilateral exports.
Import Dependencies
Imports from China amount to $42.02 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising24.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Palau's strategic sourcing from China. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Palau and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023