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2021
Economic Complexity
Research -1.11Rank 122 of 140
2021
Product
Exports | Imports $1.45B | $6.94B154 of 226 |  128 of 226
2021
Per Capita Product
Exports | Imports $295 | $1.41k120 of 220 |  138 of 220

About

Overview In 2021 Palestine was the number 154 economy in the world in terms of total exports and the number 128 in total imports.

Exports The top exports of Palestine are Building Stone ($173M), Scrap Iron ($110M), Plastic Lids ($83.1M), Other Furniture ($65.2M), and Seats ($57.3M), exporting mostly to Israel ($1.17B), Jordan ($123M), Saudi Arabia ($22.5M), United Arab Emirates ($22.4M), and United States ($19.7M).

Imports The top imports of Palestine are Electricity ($618M), Refined Petroleum ($520M), Animal Food ($440M), Cars ($198M), and Cement ($189M), importing mostly from Israel ($4.16B), Turkey ($444M), Egypt ($264M), China ($248M), and Jordan ($237M).

In 2021, Palestine was the world's biggest importer of Phosphides ($3.16k)

Location Palestine borders Egypt, Israel, and Jordan by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The 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.

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Latest Data

Flow
Color
Depth

The 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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Building Stone$173M
Top Destination (2021)Israel$1.17B

In 2021, Palestine exported a total of $1.45B, making it the number 154 exporter in the world. During the last five reported years the exports of Palestine have changed by $469M from $982M in 2016 to $1.45B in 2021.

The most recent exports are led by Building Stone ($173M), Scrap Iron ($110M), Plastic Lids ($83.1M), Other Furniture ($65.2M), and Seats ($57.3M). The most common destination for the exports of Palestine are Israel ($1.17B), Jordan ($123M), Saudi Arabia ($22.5M), United Arab Emirates ($22.4M), and United States ($19.7M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
Israel$283M (+ 31.9%)
Jordan$26.1M (+ 26.8%)
Saudi Arabia$6.24M (+ 38.3%)
Fastest Growing Import Markets (2020 - 2021)
Israel$814M (+ 24.4%)
Egypt$87.5M (+ 49.5%)
Turkey$75.5M (+ 20.5%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Palestine 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).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Research)-1.11Rank 122 of 140

Most Specialized Products by RCA Index

Palestine has a high level of specialization in Building Stone (202), Gravel and Crushed Stone (164), Scrap Lead (71.4), Pure Olive Oil (68.5), and Wood Crates (53.7). 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

The highest complexity exports of Palestine according to the product complexity index (PCI) are Copper, nails, tacks, drawing pins, staples (not those of heading no. 8305)... (1.36), Millstones, grindstones, grinding wheels, etc without frameworks, for grinding, sharpening, polishing, etc... (1.21), Nickel; bars, rods, profiles and wire (1.14), Copper; tube or pipe fittings (e.g. couplings, elbows, sleeves) (1.13), and Flat panel display modules, whether or not incorporating touch-sensitive screens (1.11). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Palestine according to the relatedness index, were Cement (0.24), Packing Bags (0.24), Melons (0.24), Molasses (0.24), and Raw Sugar (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.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Palestine. These are products that tend to be co-exported with the products that Palestine exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The 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.

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