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

Palestine's trade deficit widened by 11.7 percent year-on-year to USD 403 million in August of 2017, from USD 360.7 USD million in the same month a year earlier, a preliminary estimate showed. It was the largest trade deficit since May 2016, as exports rose less than imports. Exports went up 8.8 percent over a year earlier to USD 91.7 million, with sales to Israel accounting for 92.9 percent of total shipments. Imports rose 11.2 percent year-on-year to USD 494.7 million, with purchases from Israel representing 56.1 percent. In July 2017, the trade deficit stood at USD 367.8 million. Balance of Trade in Palestine averaged -244.77 USD Million from 2001 until 2017, 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 TEForecast
2017-08-23 07:30 AM Balance of Trade $-335.7M $-378M
2017-09-25 01:50 AM Balance of Trade $-367.8M $-335.7M
2017-10-25 06:30 AM Balance of Trade $-403M $-367.8M $-342M
2017-11-23 07:00 AM Balance of Trade $-403M
2017-12-21 07:00 AM Balance of Trade

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -403.00 -367.80 -66.79 -429.10 USD Million [+]
Exports 91.70 88.80 97.00 15.92 USD Million [+]
Imports 494.70 456.60 497.40 82.71 USD Million [+]
Current Account -467.40 -302.80 764.40 -1516.00 USD Million [+]
Current Account to GDP -10.10 -16.30 -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 2551.00 2578.00 2791.00 892.90 USD Million [+]

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

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. . 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-403.00 -367.80 -66.79 -429.10 2001 - 2017 USD Million Monthly

balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 670.17 Sep/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17