Palestine recorded a trade deficit of 378.10 USD Million in November of 2019. Palestine Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Palestine averaged -262.83 USD Million from 2001 until 2019, reaching an all time high of -66.79 USD Million in April of 2002 and a record low of -429.10 USD Million in March of 2011. This page provides the latest reported value for - Palestine Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Palestinian Central Bureau of Statistics

Balance of Trade in Palestine is expected to be -364.10 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Palestine to stand at -381.70 in 12 months time. In the long-term, the Palestine Balance of Trade is projected to trend around -381.70 USD Million in 2021 and -397.00 USD Million in 2022, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Palestine Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-378.10 -382.50 -66.79 -429.10 2001 - 2019 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-04-22 02:00 AM Feb $-376.1M $-420M $-395M
2019-05-23 08:40 AM Mar $-362.9M $-376.1M $-380.7M
2019-06-26 06:35 AM Apr $-414M $-362.9M $-392M
2020-01-23 09:00 AM Nov $-378.1M $-382.5M $-397.6M
2020-02-24 09:00 AM Dec $-378.1M $-381.6M
2020-03-25 09:00 AM Jan $-424.3M
2020-04-21 09:00 AM Feb $-399.5M
2020-05-21 09:00 AM Mar $-364.1M
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Palestinian Trade Gap Largest in 3 Months
Palestine's trade deficit widened to USD 414 million in April 2019 from USD 382 million in the same month of the previous year. This was the largest trade gap since January, as imports rose while exports fell. Imports increased 7 percent to USD 504.7 million, with purchases from Israel accounting for 58 percent of total imports. Meantime, exports declined 1 percent to USD 90.7 million. Sales to Israel represented 87 percent of total exports. Considering the first four months of the year, the trade deficit widened to USD 1.57 billion from USD 1.47 billion in the same period of 2018.
2019-06-26
Palestine Trade Deficit Narrows in March
Palestine's trade deficit narrowed to USD 363 million in March 2019 from USD 370 million in the same month of the previous year. Imports fell 2 percent to USD 457 million, with purchases from Israel accounting for 58 percent of total imports. Meantime, exports decreased at a slower 1 percent to USD 93.8 million. Sales to Israel represented 84 percent of total exports. Considering the first quarter as a whole, the trade deficit widened to USD 1.16 billion from USD 1.09 billion in the same period of 2018.
2019-05-23
Palestinian Trade Gap Widens in February
Palestine's trade deficit widened to USD 376.1 million in February 2019 from USD 339.6 million in the same month of the previous year. Imports went up 6 percent year-on-year to USD 459.8 million. Purchases from Israel represented 59 percent of total imports in February. Meantime, exports plunged 13 percent from a year ago to USD 83.7 million. Sales to Israel accounted for 89 percent of total exports. Considering the first two months of the year, the trade deficit widened to USD 796.1 million from USD 722.9 million in the same period of 2018.
2019-04-22
Palestinian Trade Gap Largest since 2011
Palestine's trade deficit widened to USD 420 million in January 2019 from USD 383.3 million in the same month of the previous year. It was the largest trade gap since March 2011, as exports fell while imports rose. Imports went up 8 percent year-on-year to USD 502.7 million. Purchases from Israel represented 55 percent of total imports in January. Meantime, exports edged down 0.2 percent from a year ago to USD 82.7 million. Sales to Israel accounted for 88 percent of total exports.
2019-03-25

Palestine Balance of Trade
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. .