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2022
Economic Complexity
Research -1.46Rank 132 of 135
2022
Product
Exports | Imports $1.61B | $8.12B150 of 226 |  127 of 226
2022
Per Capita Product
Exports | Imports $320 | $1.61k150 of 220 |  141 of 220

About

Overview In 2022 Palestine was the number 150 economy in the world in terms of total exports and the number 127 in total imports.

Exports The top exports of Palestine are Building Stone ($181M), Scrap Iron ($147M), Plastic Lids ($86.9M), Other Furniture ($85.8M), and Seats ($78M), exporting mostly to Israel ($1.3B), Jordan ($159M), United Arab Emirates ($29.1M), United States ($24.1M), and Turkey ($15.4M).

In 2022, Palestine was the world's biggest exporter of Glazed Ceramics ($23.1M)

Imports The top imports of Palestine are Refined Petroleum ($1.18B), Electricity ($708M), Animal Food ($483M), Cars ($244M), and Cement ($207M), importing mostly from Israel ($4.6B), Turkey ($476M), Egypt ($459M), Jordan ($355M), and China ($309M).

In 2022, Palestine was the world's biggest importer of Phosphides ($8.59k)

Location Palestine borders Egypt, Israel, and Jordan by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Palestine.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Building Stone$181M
Top Destination (2022)Israel$1.3B

In 2022, Palestine exported a total of $1.61B, making it the number 150 exporter in the world. During the last five reported years the exports of Palestine have changed by $495M from $1.12B in 2017 to $1.61B in 2022.

The most recent exports are led by Building Stone ($181M), Scrap Iron ($147M), Plastic Lids ($86.9M), Other Furniture ($85.8M), and Seats ($78M). The most common destination for the exports of Palestine are Israel ($1.3B), Jordan ($159M), United Arab Emirates ($29.1M), United States ($24.1M), and Turkey ($15.4M).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Israel$130M (+ 11.2%)
Jordan$39.7M (+ 33.2%)
United Arab Emirates$6.91M (+ 31.1%)
Fastest Growing Import Markets (2021 - 2022)
Israel$529M (+ 13%)
Egypt$196M (+ 74.2%)
Jordan$120M (+ 51.4%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Palestine Exports Services (2020)$708M
Palestine Imports Services (2020)$1.55B

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).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Research)-1.46Rank 132 of 135

Most Specialized Products by RCA Index

Palestine has a high level of specialization in Gravel and Crushed Stone (287), Building Stone (213), Other Iron Bars (141), Pure Olive Oil (72.5), and Scrap Lead (58.5). Specialization is measured using RCA, an index that takes the ratio between Palestine observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Palestine according to the relatedness index, were Melons (0.24), Bananas (0.23), Legumes (0.23), Packing Bags (0.23), and Beer (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.

Product Space

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.

Relatedness Space

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.

Relatedness Space (2022)

Diversification Frontier

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Depth

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.

Diversification Frontier

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