Palestine (PSE) and Russia (RUS) Trade | The Observatory of Economic Complexity

2022

→

Exports $197kRnk 41 / 98

2022

→

About

Palestine-Russia Trade: In 2022, Palestine exported $197k to Russia. The main products that Palestine exported to Russia were Tropical Fruits ($151k) and Building Stone ($45.8k). Over the past 5 years the exports of Palestine to Russia have decreased at an annualized rate of 24.5%, from $803k in 2017 to $197k in 2022.

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

Russia-Palestine Trade: In 2022, Russia exported $61.1M to Palestine. The main products that Russia exported to Palestine were Wheat ($14.3M), Packaged Medicaments ($13.5M), and Raw Aluminium ($6.22M). Over the past 5 years the exports of Russia to Palestine have increased at an annualized rate of 32.6%, from $14.9M in 2017 to $61.1M in 2022.

In 2020, Russia exported services to Palestine worth $192k, with Transportation ($78k), Other business services ($65k), and Financial services ($30k) being the largest in terms of value.

Comparison In 2022, Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Latest Data

Trade between Palestine () and Russia ()

Palestine Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Palestine
Top DestinationIsrael$1.3B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Palestine than Russia included Israel ($1.3B), Jordan ($159M), and Saudi Arabia ($13.5M).

In 2022, countries that imported more from Russia than Palestine included China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia () and Palestine () (2022)

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Palestine worth $192k, with Transportation ($78k), Other business services ($65k), and Financial services ($30k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Palestine () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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