Palestine
2020 Product Exports | Imports: $1.15B | $5.42B, 152 of 226 | 127 of 226
2020 Per Capita Product Exports | Imports: $240 | $1.13k, 174 of 219 | 137 of 219
2017 Service Exports | Imports : $567M | $1.5B, 116 of 145 | 103 of 145
Overview In 2020 Palestine was the number 152 economy in the world in terms of total exports and the number 127 in total imports.
Exports The top exports of Palestine are Building Stone ($146M), Plastic Lids ($63.2M), Scrap Iron ($57.9M), Other Furniture ($52.6M), and Seats ($47.2M), exporting mostly to Israel ($886M), Jordan ($97.4M), Turkey ($38.4M), United Arab Emirates ($26.7M), and United States ($16.7M).
Imports The top imports of Palestine are Electricity ($620M), Refined Petroleum ($316M), Animal Food ($267M), Cement ($162M), and Bovine ($160M), importing mostly from Israel ($3.34B), Turkey ($368M), China ($211M), Jordan ($184M), and Egypt ($177M).
Location Palestine borders Egypt, Israel, and Jordan by land.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Palestine.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2020): Building Stone, $146M
Top Destination (2020): Israel, $886M
In 2020, Palestine exported a total of $1.15B, making it the number 152 exporter in the world. During the last five reported years the exports of Palestine have changed by $135M from $1.02B in 2015 to $1.15B in 2020.
The most recent exports are led by Building Stone ($146M), Plastic Lids ($63.2M), Scrap Iron ($57.9M), Other Furniture ($52.6M), and Seats ($47.2M). The most common destination for the exports of Palestine are Israel ($886M), Jordan ($97.4M), Turkey ($38.4M), United Arab Emirates ($26.7M), and United States ($16.7M).
Yearly Imports
#permalink to sectionTop Import (2020): Electricity, $620M
Top Origin (2020): Israel, $3.34B
In 2020 Palestine imported $5.42B, making it the number 127 trade destination in the world. During the last five reported years the imports of Palestine changed by $473M from $4.95B in 2015 to $5.42B in 2020.
The most recent imports of Palestine are led by Electricity ($620M), Refined Petroleum ($316M), Animal Food ($267M), Cement ($162M), and Bovine ($160M). The most common import partners for Palestine are Israel ($3.34B), Turkey ($368M), China ($211M), Jordan ($184M), and Egypt ($177M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Turkey, $26.5M (+ 223%)
- United Kingdom, $2.9M (+ 48.5%)
- Netherlands, $2.05M (+ 51.6%)
Fastest Growing Import Markets (2019 - 2020)
- Saudi Arabia, $44.6M (+ 141%)
- India, $31.4M (+ 101%)
- China, $19.9M (+ 10.4%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionPalestine Exports Services (2017): $567M
Palestine Imports Services (2017): $1.5B
In 2017, Palestine exported $567M worth of services. The top services exported by Palestine in 2017 were Personal travel ($225M), Construction abroad ($158M), Telecommunications services ($63.5M), Government services, n.i.e. ($52.3M), and Other business services ($30.1M).
The top services imported by Palestine in 2017 were Personal travel ($446M), Transportation ($328M), Business travel ($307M), Other business services ($202M), and Government services, n.i.e. ($154M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionPalestine has a high level of specialization in Building Stone (195), Gravel and Crushed Stone (156), Pure Olive Oil (84.2), Wood Crates (62.3), and Other Iron Bars (44.8). Specialization is measured using RCA, an index that takes the ratio between Palestine observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Palestine according to the product complexity index (PCI) are Bar, rod nes, stainless steel, angles, shapes/sections (1.43), Copper nails, screws, bolts, pins, washers, etc (1.38), Millstones, grinding stones and grinding wheels (1.25), Nickel bars, rods, profiles and wire (1.18), and Copper pipe and tube fittings (1.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Palestine according to the relatedness index, are Wheat Flours (0.24), Melons (0.24), Cement (0.24), Packing Bags (0.24), and Bran (0.24). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Palestine is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
