State of Palestine

In 2012, the value of merchandise exports of the State of Palestine increased moderately by 8.7 percent to reach 782.4 mln US$, while its merchandise imports increased substantially by 11.3 percent to reach 4.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 3.9 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -3.0 bln US$ (see graph 4). Merchandise exports in the State of Palestine were highly concentrated amongst partners; imports were also highly concentrated. The top 1 partner accounted for 80 percent or more of exports and 3 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of the State of Palestine decreased slightly by 1.9 percent, reaching 936.1 mln US$, while its imports of services increased substantially by 13.1 percent and reached 1.2 bln US$ (see graph 2). There was a moderate trade in services deficit of 260.4 mln US$.

Related Subject(s): International Trade and Finance

Countries: Palestine, State of