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Exports

Palau is a presidential republic in free association with the United States, which provides defense, funding, and access to social services. Legislative power is concentrated in the bicameral Palau National Congress. Palau's economy is based mainly on tourism, subsistence agriculture and fishing, with a significant portion of gross national product (GNP) derived from foreign aid. The country uses the United States dollar as its currency.  Tourist activity focuses on scuba diving and snorkeling in the islands' rich marine environment, including its barrier reefs' walls and World War II wrecks.

The population enjoys a per capita income twice that of Micronesia as a whole. Long-term prospects for the key tourist sector have been greatly bolstered by the expansion of air travel in the Pacific, the rising prosperity of leading East Asian countries and the willingness of foreigners to finance infrastructure development.

Palau mainly exports fish and related products. Major export partners are Japan, the US, Mexico, Cote d'Ivoire, Guam, Hong Kong, Philippines, Germany.

Palau's main exports are:

• Non-fillet Fresh Fish
• Molluscs
• Raw Tobacco
• Iron Gas Containers
• Fermented Beverages
• Video Cameras
• Scrap Iron
• Fruit Juice
• Baked Goods
• Scrap Aluminium

Customs requirements of Palau

Palau Customs Contacts

Website: http://palaugov.org/executive-branch/ministries/finance/bureau-of-revenue-customs-taxation/ 

E-mail: info@palaugov.org  

Address: PO Box 6011, Koror, Palau 96940

Telephone: +6804881985/ +6804884505

Palau is an island country located in the western Pacific Ocean. It is geographically part of the larger island group of Micronesia. The country's population of around 21,000 is spread across 250 islands forming the western chain of the Caroline Islands. The most populous island is Koror. The capital Ngerulmud is located in Melekeok State on the nearby island of Babeldaob. The islands share maritime boundaries with Indonesia, the Philippines, and the Federated States of Micronesia.

Every person who imports into Palau any of the enumerated products in the “General Information on Tax Laws and Business Licenses” shall pay import tax regardless of purposes. The amount to be charged varies depending on the type of item being imported. Things needed through the Airport: airway bill, invoice, packing lists, bill of sale. Things needed through Port: Bill of landing, invoice, packing lists, bill of sale. All things must bear a value. 

Import documents:

• Bill of lading
• Commercial invoice
• Customs import declaration
• Inspection report
• Preferential certificate
• Pre-shipment inspection (Clean report of findings)
• Tax certificate
• Technical standard/health certificate
• Terminal handling receipts

Export documents:

• Bill of lading
• Customs export declaration
• Packing List
• Preferential certificate
• Technical standard/health certificate

Source:

http://www.doingbusiness.org/data/exploreeconomies/palau?topic=trading-across-borders