Overview: This page contains the latest international trade data for Palestine, including service trade data. In 2018 Palestine was the number 124 economy in the world in terms of GDP (current US$), the number 145 in total exports, and the number 130 in total imports. In 2018, Palestine exported $1.2B and imported $5.21B, resulting in a negative trade balance of -$4.02B. In 2018, Palestine's exports per capita were $262 and its imports per capita were $1.14k.
In 2018 Palestine exported a total of $1.2B, making it the number 145 exporter in the world. During the last five reported years the exports of Palestine have changed by $247M from $949M in 2013 to $1.2B in 2018.
In 2018 Palestine imported $5.21B, making it the number 130 trade destination in the world. During the last five reported years the imports of Palestine changed by $259M from $4.96B in 2013 to $5.21B in 2018.
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).
This section shows forecasts for total product exports and imports for Palestine. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
The top export opportunities for Palestine according to the relatedness index, are Wheat Flours (0.24), Cement (0.23), Raw Iron Bars (0.23), Raw Sugar (0.23), and Molasses (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Palestine is not specialized in.
The 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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Palestine
