2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$17.4BCURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP GROWTH
28.9%CURRENT US$
Rnk 117 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$3,372CURRENT US$
Rnk 140 / 196
2013-2023
Flag
GDP PC GROWTH
1.72%CURRENT US$
Rnk 151 / 195

About

Italy-Palestine Trade: In 2023, Italy exported $49.2M to Palestine. The main products that Italy exported to Palestine were Chocolate ($11.4M), Baked Goods ($10.9M), and Delivery Trucks ($3.08M). Over the past 5 years the exports of Italy to Palestine have decreased at an annualized rate of 9.83%, from $82.5M in 2018 to $49.2M in 2023.

In 2023, Italy did not export any services to Palestine.

Palestine-Italy Trade: In 2023, Palestine exported $2.04M to Italy. The main products that Palestine exported to Italy were Tropical Fruits ($1.68M), Pasta ($112k), and Scrap Lead ($96.3k). Over the past 5 years the exports of Palestine to Italy have increased at an annualized rate of 20%,  from $822k in 2018 to $2.04M in 2023.

In 2023, Palestine did not export any services to Italy.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Palestine ranked 189 in total exports ($189M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $49.2M to Palestine. The main products exported from Italy to Palestine were Chocolate ($11.4M), Baked Goods ($10.9M), and Delivery Trucks ($3.08M). During the last 5 years the exports of Italy to Palestine have decreased at an annualized rate of 9.83%, from $82.5M in 2018 to $49.2M in 2023.

In 2018, Palestine exported $2.04M to Italy. The main products exported from Palestine to Italy were Tropical Fruits ($1.68M), Pasta ($112k), and Scrap Lead ($96.3k). During the last 5 years the exports of Palestine to Italy have increased at an annualized rate of 20%, from $822k in 2023 to $2.04M in 2018.

Exports from Italy (Flag) to Palestine (Flag) (2023)

Exports from Palestine (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Palestine
Top Destination
Jordan$96.6M

This map shows whether countries import more from Italy or Palestine. Each country is colored based on the difference in imports they receive from Italy and Palestine or the difference in the growth in imports.

In 2023, countries that imported more from Italy than Palestine included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Palestine than from Italy.

Difference in imports from Palestine (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Palestine

Flow
Scale

This chart compares trade between Italy and Palestine by product, considering products traded by both, Italy and Palestine.

During 2023, Italy had a large net trade with Palestine in the exports of Foodstuffs ($23M), Machines ($9.44M), and Transportation ($4.36M).

During 2018, Palestine had a large net trade with Italy in the exports of Vegetable Products ($1.74M), Foodstuffs ($112k), and Metals ($96.3k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Palestine. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Palestine. Similarly, a dot/product with the flag of Palestine indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Palestine (Flag) (2023)

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