Trade Trend

In 2023, Palestine's total export value is 160.05Million USD, total import value is 1.72Billion USD, Deficit is -1.56Billion USD, and foreign trade dependency is 0.108. In 2023，Palestine's top export products are Ferrous waste and scrap; remelting scrap ingots of iron or steel(68.70Million USD), Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens; fresh or dried(48.39Million USD), Prepared or preserved meat, meat offal, blood or insects(5.42Million USD), top export destinations are Jordan(96.78Million USD), Turkey(22.17Million USD), Netherlands(8.00Million USD). In 2023, Palestine's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(140.74Million USD), Portland cement, aluminous cement (ciment fondu), slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers(136.33Million USD), Cane or beet sugar and chemically pure sucrose, in solid form(66.87Million USD), top import origins are Egypt(496.98Million USD), Jordan(338.33Million USD), China(164.92Million USD).

Comparing to 2022, Palestine's total export value decreased -1.37Billion USD(-89.51%) in 2023, this could result from its export decreases of products such as Monumental or building stone, worked (except slate) and articles thereof (not of heading no. 6801) mosaic cubes etc., of natural stone including slate; artificially coloured granules of natural stone(-176.33Million USD or -98.31%), Plastic articles for the conveyance or packing of goods; stoppers, lids, caps and other closures of plastics(-86.63Million USD or -99.83%), Furniture and parts thereof, n.e.c. in chapter 94(-85.38Million USD or -99.69%) and export decreases to countries/economics such as Jordan(-2.39Million USD or -2.41%), India(-1.20Million USD or -86.99%), Kazakhstan(-761.64Thousands USD or -87.78%). Comparing to 2022, Palestine's total import value decreased -7.36Billion USD(-81.03%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.29Billion USD or -97.24%), Electrical energy(-685.94Million USD or -96.88%), Preparations of a kind used in animal feeding(-498.85Million USD or -99.97%), and its import decreases from countries/economies such as Turkey(-776.33Million USD or -85.49%), China(-505.91Million USD or -75.42%), India(-136.20Million USD or -99.49%).