Palestine2019 Economic Complexity: 0.28, Rank 58 of 157
2019 Product Exports | Imports: $143M | $959M, 185 of 225 | 181 of 225
2019 Per Capita Product Exports | Imports: $30.6 | $205, 213 of 219 | 200 of 219
2017 Service Exports | Imports : $567M | $1.5B, 116 of 139 | 102 of 139
Overview: In 2019 Palestine was the number 0 economy in the world in terms of GDP (current US$), the number 185 in total exports, the number 181 in total imports, the number 0 economy in terms of GDP per capita (current US$) and the number 58 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Palestine are Tropical Fruits ($31.3M), Pure Olive Oil ($19.2M), Scrap Iron ($18.8M), Building Stone ($13.2M), and Packaged Medicaments ($7.77M), exporting mostly to Jordan ($45.1M), United Arab Emirates ($21.7M), Saudi Arabia ($13.1M), Turkey ($9.03M), and Belarus ($7.07M).
Imports: The top imports of Palestine are Cars ($103M), Cement ($60.5M), Baked Goods ($44.6M), Chocolate ($33.3M), and Packaged Medicaments ($32.7M), importing mostly from Jordan ($178M), Egypt ($153M), Germany ($87.3M), China ($81.9M), and Turkey ($67.6M).
Location: Palestine borders Egypt, Israel, and Jordan by land.
Top Export (2019): Tropical Fruits, $31.3M
Top Destination (2019): Jordan, $45.1M
In 2019, Palestine exported a total of $143M, making it the number 185 exporter in the world. During the last five reported years the exports of Palestine have changed by -$855M from $998M in 2014 to $143M in 2019.
The most recent exports are led by Tropical Fruits ($31.3M), Pure Olive Oil ($19.2M), Scrap Iron ($18.8M), Building Stone ($13.2M), and Packaged Medicaments ($7.77M). The most common destination for the exports of Palestine are Jordan ($45.1M), United Arab Emirates ($21.7M), Saudi Arabia ($13.1M), Turkey ($9.03M), and Belarus ($7.07M).
In 2019 Palestine imported $959M, making it the number 181 trade destination in the world. During the last five reported years the imports of Palestine changed by -$4.68B from $5.64B in 2014 to $959M in 2019.
The most recent imports of Palestine are led by Cars ($103M), Cement ($60.5M), Baked Goods ($44.6M), Chocolate ($33.3M), and Packaged Medicaments ($32.7M). The most common import partners for Palestine are Jordan ($178M), Egypt ($153M), Germany ($87.3M), China ($81.9M), and Turkey ($67.6M).
Palestine 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).
During the last 19 years Palestine's economy has become relatively less complex, moving from the 16th to the 58th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Palestine has a high level of specialization in Curbstones (428), Scrap Lead (424), Pure Olive Oil (340), Tropical Fruits (262), and Building Stone (155). Specialization is measured using RCA, an index that takes the ratio between Palestine observed and expected exports in each product.
The highest complexity exports of Palestine according to the product complexity index (PCI) are Millstones, grinding stones and grinding wheels (1.24), Furnace burners, equipment, liquid, powder or gas fuel (1.08), Transfers (decalcomanias) (1.01), Machinery for dish washing, bottle washing, filling (0.93), and Sound recordings other than photographic equipment (0.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Palestine according to the relatedness index, are Melons (0.13), Cement (0.13), Wheat Flours (0.13), Legumes (0.13), and Knit T-shirts (0.12). 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.
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