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.
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).
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.
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.
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.
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.