New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $20MRnk 157 / 220
2022
Flag → Flag
Top Product $17.2MRefined Petroleum
2022
Flag → Flag
Exports $297kRnk 6 / 38
2022
Flag → Flag
Top Product $194kScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Palau In 2022, South Korea exported $20M to Palau. The main products that South Korea exported to Palau are Refined Petroleum ($17.2M), Petroleum Gas ($599k), and Large Flat-Rolled Stainless Steel ($173k). During the last 27 years the exports of South Korea to Palau have increased at an annualized rate of 13.2%, from $702k in 1995 to $20M in 2022.

In 2022, South Korea did not export any services to Palau.

Palau-South Korea In 2022, Palau exported $297k to South Korea. The main products that Palau exported to South Korea were Scrap Iron ($194k), Industrial Fatty Acids, Oils and Alcohols ($69.9k), and Scrap Copper ($17.8k). During the last 27 years the exports of Palau to South Korea have decreased at an annualized rate of 3.78%, from $839k in 1995 to $297k in 2022.

In 2022, Palau did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Palau ranked 219 in total exports ($7.75M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $461k and imported $16k from Palau, resulting in a positive trade balance of $445k. Between February 2023 and February 2024 the exports of South Korea have increased by $304k (194%) from $157k to $461k, while imports decreased by $-32k (-66.7%) from $48k to $16k.

Trade In February 2024, the top exports of South Korea to Palau were Mineral fuels, mineral oils and products... ($101k), Iron & steel ($85k), Tobacco & substitutes ($19k), Cars, tractors, trucks & parts thereof. ($18k), and Iron or steel articles ($17k). In February 2024 the top imports of South Korea from Palau were Iron & steel ($48k), Fish, crustaceans, & molluscs ($0), Edible vegetables, roots, & tubers ($0), Edible fruits, nuts & fruit peels ($0), and Oils seeds, oleaginous fruits, grains, straw... ($0).

Growth In February 2024, the increase in South Korea's year-by-year exports to Palau was explained primarily by an increase in product exports in Iron & steel ($39k or 84.8%), Paper articles ($9k or 450%), and Iron or steel articles ($4k or 30.8%). In February 2024, the decrease in South Korea's year-by-year imports  from Palau was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$304k(194%)
IMPORT GROWTH (February 2023 - February 2024)$-32k(-66.7%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Palau and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Palau and South Korea Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $20M to Palau. The main products exported from South Korea to Palau were Refined Petroleum ($17.2M), Petroleum Gas ($599k), and Large Flat-Rolled Stainless Steel ($173k). During the last 27 years the exports of South Korea to Palau have increased at an annualized rate of 13.2%, from $702k in 1995 to $20M in 2022.

In 2022, Palau exported $297k to South Korea. The main products exported from Palau to South Korea were Scrap Iron ($194k), Industrial Fatty Acids, Oils and Alcohols ($69.9k), and Scrap Copper ($17.8k). During the last 27 years the exports of Palau to South Korea have decreased at an annualized rate of 3.78%, from $839k in 1995 to $297k in 2022.

Exports from South Korea (Flag) to Palau (Flag) (2022)

Exports from Palau (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Palau
Top DestinationGreece$2.11M

This map shows whether countries import more from South Korea or Palau. Each country is colored based on the difference in imports they receive from South Korea and Palau or the difference in the growth in imports.

In 2021, countries that imported more from South Korea than Palau were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, no countries were registered that imported more from Palau than from South Korea.

Difference in imports from Palau (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Palau

Flow
Scale

This chart compares trade between South Korea and Palau by product, considering products traded by both, South Korea and Palau.

During 2022, South Korea had a large net trade with Palau in the exports of Mineral Products ($17.8M), Foodstuffs ($688k), and Metals ($626k).

During 2022, Palau had a large net trade with South Korea in the exports of Metals ($226k), Chemical Products ($69.9k), and Stone And Glass ($294).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Palau. Similarly, the more yellow a dot/product is, the more Palau has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Palau (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms