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
2020 Service Exports | Imports : $708M | $1.55B, 57 of 65 | 53 of 65
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 sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data (dev)
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Building Stone, $146M
Top Destination (2020): Israel, $3.34B
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).
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 (2020): $708M
Palestine Imports Services (2020): $1.55B
In 2020, Palestine exported $708M worth of services. The top services exported by Palestine in 2020 were Personal travel ($465M), Construction abroad ($105M), Miscellaneous business, professional, and technical services ($39.9M), Other personal, cultural, and recreational services ($32.3M), and Government services, n.i.e. ($23.5M).
The top services imported by Palestine in 2020 were Business travel ($888M), Personal travel ($252M), Transportation ($227M), Miscellaneous business, professional, and technical services ($113M), and Government services, n.i.e. ($31.7M).
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 Other Stainless Steel Bars (1.43), Copper Fasteners (1.38), Milling Stones (1.25), Nickel Bars (1.18), and Copper Pipe 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.
