Palestine's trade deficit widened to USD 595.6 million in March of 2022 from USD 391.6 million in the same month of the previous year. It was the largest trade deficit since the series began in 2001, as exports grew 2 percent from a year earlier to USD 116.6 million, while imports increased at a much faster 41 percent to USD 712.2 million ahead the fasting month of Ramadan. source: Palestinian Central Bureau of Statistics
Balance of Trade in Palestine averaged -274.42 USD Million from 2001 until 2022, reaching an all time high of -66.79 USD Million in April of 2002 and a record low of -491.80 USD Million in October of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Balance of Trade in Palestine is expected to be -410.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Palestine Balance of Trade is projected to trend around -415.00 USD Million in 2023 and -438.00 USD Million in 2024, according to our econometric models.