Russia (RUS) and Palestine (PSE) Trade | OEC - The Observatory of Economic Complexity

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Russia-Palestine In 2021, Russia exported $37.6M to Palestine. The main products that Russia exported to Palestine are Vaccines, blood, antisera, toxins and cultures ($9.1M), Wheat ($8.34M), and Raw Aluminium ($6.03M). During the last 15 years the exports of Russia to Palestine have increased at an annualized rate of 54.8%, from $53.8k in 2006 to $37.6M in 2021.

In 2020, Russia exported services to Palestine worth $192k, with Transportation ($78k), Other business services ($65k), and Financial services ($30k) being the largest in terms of value.

Palestine-Russia In 2021, Palestine exported $509k to Russia. The main products that Palestine exported to Russia were Tropical Fruits ($491k), Building Stone ($13.3k), and Leather Footwear ($2.83k). During the last 15 years the exports of Palestine to Russia have increased at an annualized rate of 16.3%, from $53k in 2006 to $509k in 2021.

In 2021, Palestine did not export any services to Russia.

Comparison In 2021, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, Palestine ranked 154 in total exports ($1.45B), and does not have data regarding Economic Complexity Index.

Latest Trends

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January, 2022

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Overview In January 2022, Russia exported $593k and imported $17.8k from Palestine, resulting in a positive trade balance of $576k. Between January 2021 and January 2022 the exports of Russia have increased by $422k (246%) from $171k to $593k, while imports increased by $17.7k (13.8k%) from $128 to $17.8k.

Trade In January 2022, the top exports of Russia to Palestine were Wood Pulp Lyes ($48.4k), Rapeseed Oil ($30.6k), Prepared Cereals ($24.6k), Prepr binder for foundry ($23.5k), and Baked Goods ($14.5k). In January 2022 the top imports of Russia from Palestine were Other Plastic Products ($128).

Origins In January 2022 the exports of Russia were mainly from KRASNODAR TERRITORY ($178k), STAVROPOL TERRITORY ($104k), LIPETSK REGION ($73.8k), VOLOGDA REGION ($70.5k), and LENINGRAD REGION ($51.1k), while imports destinations were mainly KRASNODAR TERRITORY ($17.8k).

Growth In January 2022, the increase in Russia's year-by-year exports to Palestine was explained primarily by an increase in product exports in Wood Pulp Lyes ($23.1k or 91.4%). In January 2022, the increase in Russia's year-by-year imports from Palestine was explained primarily by an increase in product imports in .

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2021 - January 2022): $422k, (246%)

IMPORT GROWTH (January 2021 - January 2022): $17.7k, (13.8k%)

MAIN EXPORTER (January 2022): KRASNODAR TERRITORY, $178k

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

To check Palestine and Russia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Russia exported $37.6M to Palestine. The main products exported from Russia to Palestine were Vaccines, blood, antisera, toxins and cultures ($9.1M), Wheat ($8.34M), and Raw Aluminium ($6.03M). During the last 15 years the exports of Russia to Palestine have increased at an annualized rate of 54.8%, from $53.8k in 2006 to $37.6M in 2021.

In 2021, Palestine exported $509k to Russia. The main products exported from Palestine to Russia were Tropical Fruits ($491k), Building Stone ($13.3k), and Leather Footwear ($2.83k). During the last 21 years the exports of Palestine to Russia have increased at an annualized rate of 16.3%, from $53k in 2000 to $509k in 2021.

Market Competitiveness

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Color

SectionYear

Russia
Top Destination: China, $70.9B

Palestine
Top Destination: Israel, $1.17B

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

In 2021, countries that imported more from Russia than Palestine were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

In 2019, no countries were registered that imported more from Palestine than from Russia.

Comparative Advantage Russia - Palestine

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Flow

Scale

Year

This chart compares trade between Russia and Palestine by product, considering products traded by both, Russia and Palestine.

During 2021, Russia had a large net trade with Palestine in the exports of Vegetable Products ($13.1M), Chemical Products ($10.9M), and Metals ($6.2M).

During 2021, Palestine had a large net trade with Russia in the exports of Vegetable Products ($491k), Stone And Glass ($13.3k), and Footwear and Headwear ($5.03k).

Service Trade

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Bilateral Service Trade

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Rus Year

In 2020, Russia exported services to Palestine worth $192k, with Transportation ($78k), Other business services ($65k), and Financial services ($30k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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 Russia has comparative advantage over Palestine. Similarly, the more yellow a dot/product is, the more Palestine has comparative advantage over Russia.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Palestine

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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