2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$19.1BCURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 47 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$3,789CURRENT US$
Rnk 123 / 186
2012-2022
Flag
GDP PC GROWTH
23.5%CURRENT US$
Rnk 75 / 186

About

Italy-Palestine Trade: In 2022, Italy exported $85M to Palestine. The main products that Italy exported to Palestine were Baked Goods ($10.1M), Chocolate ($8.21M), and Low-voltage Protection Equipment ($2.68M). Over the past 5 years the exports of Italy to Palestine have increased at an annualized rate of 4.07%, from $69.6M in 2017 to $85M in 2022.

In 2022, Italy did not export any services to Palestine.

Palestine-Italy Trade: In 2022, Palestine exported $1.66M to Italy. The main products that Palestine exported to Italy were Tropical Fruits ($1.12M), Pasta ($123k), and Other Nuts ($86k). Over the past 5 years the exports of Palestine to Italy have increased at an annualized rate of 4.48%,  from $1.33M in 2017 to $1.66M in 2022.

In 2022, Palestine did not export any services to Italy.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $85M to Palestine. The main products exported from Italy to Palestine were Baked Goods ($10.1M), Chocolate ($8.21M), and Low-voltage Protection Equipment ($2.68M). During the last 5 years the exports of Italy to Palestine have increased at an annualized rate of 4.07%, from $69.6M in 2017 to $85M in 2022.

In 2017, Palestine exported $1.66M to Italy. The main products exported from Palestine to Italy were Tropical Fruits ($1.12M), Pasta ($123k), and Other Nuts ($86k). During the last 5 years the exports of Palestine to Italy have increased at an annualized rate of 4.48%, from $1.33M in 2022 to $1.66M in 2017.

Exports from Italy (Flag) to Palestine (Flag) (2022)

Exports from Palestine (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Palestine
Top Destination
Israel$1.3B

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 2022, countries that imported more from Italy than Palestine included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Palestine than from Italy.

Difference in imports from Palestine (Flag) and Italy (Flag) (2022)

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 2022, Italy had a large net trade with Palestine in the exports of Foodstuffs ($21.4M), Machines ($20.9M), and Transportation ($6.9M).

During 2017, Palestine had a large net trade with Italy in the exports of Vegetable Products ($1.23M), Foodstuffs ($146k), and Footwear and Headwear ($102k).

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) (2022)

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