Palestine Balance Of TradePalestine Balance Of TradePalestine Balance Of Trade

Palestine Balance Of Trade

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Key data points


Last release
Observation period
Aug 2024
Next release
Forecast
Highest
‪−66.79 M‬USD on Apr 30, 2002
Lowest
‪−598.90 M‬USD on Aug 31, 2023

About Palestine Balance Of Trade


Category
Trade
Frequency
Monthly
Units
USD
Palestine reports chronic trade deficits due to the territories' inability to access key resources and because of the mobility restrictions imposed by Israel. Palestine mainly exports cement, base metals, iron and steel, food and beverages, furniture, plastics and dairy products. Palestine mainly imports oil, food, vegetables, machinery, metals, vehicles, chemicals, livestock, beverages and salt. Palestine's main trading partner is Israel (accounting for around 74 percent of total trade). Other trading partners include China, Turkey, Germany, Italy and France. .