Palestine Balance of Trade  2001-2017 | Data | Chart | Calendar | Forecast

Palestine's trade deficit decreased by 1.4 percent to USD 320.7 million in April of 2017 from USD 325.1 million in the same month a year earlier, a preliminary figure showed. It was the smallest trade deficit since July last year, as exports went up 6 percent to USD 84.8 million while imports edged up by only 0.1 percent to USD 405.5 million. In March 2017, the trade deficit stood at USD 340.7 million. Balance of Trade in Palestine averaged -240.21 USD Million from 2001 until 2016, 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.

Palestine Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-25 06:00 AM Feb $-334.0M $-343M $-370M
2017-05-22 09:10 AM Mar $-340.7M $-334.0M $-340M
2017-06-20 02:00 AM Apr $-320.7M $-340.7M $-355M
2017-07-24 07:00 AM May $-320.7M
2017-08-24 07:00 AM Jun
2017-09-26 07:00 AM Jul

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -320.70 -340.70 -66.79 -429.10 USD Million [+]
Exports 84.80 86.70 89.70 15.92 USD Million [+]
Imports 405.50 427.40 497.40 82.71 USD Million [+]
Current Account -302.80 -365.10 764.40 -1516.00 USD Million [+]
Current Account to GDP -13.50 -16.90 -8.10 -34.95 percent [+]
Terrorism Index 5.66 5.00 6.06 4.09 [+]
Tourist Arrivals 432.00 556.00 556.00 33.00 Thousand [+]
Foreign Direct Investment 2578.00 2588.00 2791.00 892.90 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Palestine Balance of Trade Notes

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. . 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. Palestine Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-320.70 -340.70 -66.79 -429.10 2001 - 2017 USD Million Monthly

balance of trade by Country

Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico -1079.20 May/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17