This website is supported by the Ministry of Foreign Affairs, Regional Integration and International Trade of Mauritius.
Expanding markets and Facilitating compliance
Forgotten password |Identification... |Identification problem. Please try again
Palestine is open to foreign trade, but its relative share in the economy has declined since the early 2000s as the country gradually lost access to international markets. Palestine mainly exports articles of stone (limestone, marble – 13.3%), furniture (11.7%), plastics (10.2%) and iron and steel (9.1%); whereas imports are led by mineral fuels and oils (16.3% - the country imports nearly all of its electricity from Israel along with gas and oil, which also go through Israeli customs), electrical machinery and equipment (6.2%), residues and waste from the food industries (5.8%), and vehicles (4.9% - data ITC, 2021).
Israel is by far the largest trading partner of Palestine, both for imports (53.1% of the total in 2021) and exports (86.1%). However, Palestine has a structural trade deficit with Israel as its exports are mainly of low value. In 2021, Jordan (5.1%), the UAE (1.5%), and the U.S. (1.1%) were the other main export destinations; whereas imports came chiefly from Turkey (10.3%), China (6.8%), and Jordan (3.3% - data Comtrade, 2021). The government's economic and trade policies focus on exports, which are restrained by Israeli blockades, particularly for those from Gaza. Customs tariffs are comparatively low. A licence is required in order to import goods into the West Bank and Gaza. However, no licence is required for export companies, with the exception of foodstuffs, chemicals, and agricultural products. The Palestinian economy is engaged in a regional and international integration process. Palestine has signed free trade agreements and business association agreements with the European Union, the United States, Egypt, Russia, Turkey, and GAFTA, among other countries. In recent years, Palestine has sought to diversify its trade relations and reduce its dependence on Israel. It has signed trade agreements with several countries in the region, including Saudi Arabia, Qatar, and the United Arab Emirates, and has sought to develop new trade routes through the Mediterranean Sea and through Jordan. The Palestinian Investment Promotion Agency (PIPA) included several sectors in its National Export Strategy: stone and marble; tourism; agriculture, including olive oil, fresh fruits, vegetables, and herbs; food and beverage, including agro-processed meat; textiles and garments; manufacturing, including furniture and pharmaceuticals; information and communication technology (ICT); and renewable energy.
The tense political situation, the restrictions on the movement of goods and the blockade imposed on Gaza are among the key barriers to trade. Palestine has a structural trade deficit: according to figures from the Palestinian Central Bureau of Statistics, in 2022 the country exported USD 1.58 billion worth of goods, while imports totalled USD 8.19 billion (+8.6% and +27.6% year-on-year, respectively) resulting in a trade deficit of USD 6.61 billion. Israel accounted for 88% of total exports and 56.5% of imports.
Main Customers (% of Exports) |
2021 |
---|---|
Israel | 86.1% |
Jordan | 5.1% |
United Arab Emirates | 1.5% |
United States | 1.1% |
Saudi Arabia | 0.9% |
Türkiye | 0.8% |
United Kingdom | 0.7% |
Kuwait | 0.5% |
Qatar | 0.3% |
Germany | 0.3% |
Netherlands | 0.3% |
Oman | 0.2% |
Canada | 0.2% |
France | 0.2% |
Malaysia | 0.2% |
Italy | 0.2% |
Sweden | 0.1% |
Indonesia | 0.1% |
Algeria | 0.1% |
South Korea | 0.1% |
See More Countries | 5.3% |
Main Suppliers (% of Imports) |
2021 |
---|---|
Israel | 53.1% |
Türkiye | 10.3% |
China | 6.8% |
Jordan | 3.3% |
Germany | 2.5% |
Egypt | 2.0% |
Switzerland | 1.7% |
Italy | 1.5% |
United States | 1.5% |
Saudi Arabia | 1.4% |
Spain | 1.4% |
India | 1.2% |
France | 1.2% |
Belgium | 0.8% |
United Arab Emirates | 0.8% |
South Korea | 0.8% |
Ukraine | 0.7% |
Netherlands | 0.7% |
United Kingdom | 0.5% |
Poland | 0.5% |
See More Countries | 24.0% |
Source: Comtrade, Latest Available Data
Source: Comtrade, Latest Available Data
To go further, check out our service Import Export Flows
0.6 bn USD of services exported in 2017 | |
---|---|
39.74% | |
Personal travelPersonal travel | 39.74% |
OtherOther | 39.74% |
27.94% | |
Construction abroadConstruction abroad | 27.94% |
11.19% | |
Telecommunications servicesTelecommunications services | 11.19% |
9.21% | |
5.30% | |
3.98% | |
2.29% | |
0.33% | |
Other personal, cultural, and...Other personal, cultural, and recreational services | 0.33% |
0.01% | |
Other direct insuranceOther direct insurance | 0.01% |
n/a% |
1.5 bn USD of services imported in 2017 | |
---|---|
50.09% | |
Personal travelPersonal travel | 29.69% |
OtherOther | 17.51% |
Health-related expenditureHealth-related expenditure | 12.17% |
Business travelBusiness travel | 20.40% |
Expenditure by seasonal and...Expenditure by seasonal and border workers | 20.28% |
OtherOther | 0.12% |
21.86% | |
13.42% | |
10.23% | |
2.59% | |
Other direct insuranceOther direct insurance | 2.18% |
ReinsuranceReinsurance | 0.40% |
1.02% | |
Telecommunications servicesTelecommunications services | 1.02% |
0.35% | |
Construction abroadConstruction abroad | 0.35% |
0.33% | |
0.08% | |
0.01% | |
Other personal, cultural, and...Other personal, cultural, and recreational services | 0.01% |
n/a% |
Source: United Nations Statistics Division, Latest Available Data
Any Comment About This Content? Report It to Us.
© eexpand, All Rights Reserved.
Latest Update: May 2023
We use cookies to make your connection secure and make statistics about the number of visits. In order to get more information about cookies and find out how to refuse them, visit our cookie policy page .
This popup enables you to set your cookies preference and decide which type of cookies you want to allow on your device.