Palestine trade deficit went up 10 percent to USD 379.2 million in September 2018 from USD 346.1 million in the same month of the previous year. Exports declined 11 percent from a year ago to USD 81.9 million, while imports went down 10 percent to USD 461.1 million. Balance of Trade in Palestine averaged -254.10 USD Million from 2001 until 2018, 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.

Balance of Trade in Palestine is expected to be -382.21 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 -383.33 in 12 months time. In the long-term, the Palestine Balance of Trade is projected to trend around -382.86 USD Million in 2020, according to our econometric models.

Palestine Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-27 04:15 AM Balance of Trade $-359.5M $-399.3M $ -377.9M
2018-09-24 02:00 AM Balance of Trade $-396.8M $-359.5M $ -385M
2018-10-25 09:15 AM Balance of Trade $-404.6M $-396.8M $ -399M
2018-11-22 09:00 AM Balance of Trade $-379.2M $-404.6M $ -370.4M
2018-12-24 07:00 AM Balance of Trade $-379.2M $ -375M
2019-01-22 08:35 AM Balance of Trade
2019-02-20 04:00 AM Balance of Trade $ -379.3M

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -379.20 -404.60 -66.79 -429.10 USD Million [+]
Current Account -373.30 -442.10 764.40 -1516.00 USD Million [+]
Current Account to GDP -10.80 -14.50 -8.10 -34.95 percent [+]
Exports 81.90 89.00 97.00 15.92 USD Million [+]
Imports 461.10 493.60 497.40 82.71 USD Million [+]
Foreign Direct Investment 2705.00 2683.00 2791.00 892.90 USD Million [+]
Terrorism Index 5.55 5.66 6.06 4.09 [+]
Tourist Arrivals 503.00 400.00 556.00 33.00 Thousand [+]

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-379.20 -404.60 -66.79 -429.10 2001 - 2018 USD Million Monthly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13952.30 Oct/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -2047.00 Nov/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 3799.41 Nov/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18