Palestine: Imports, billion dollars
* indicates monthly or quarterly data series
| Palestine |
Imports of goods and services, billion USD |
|---|---|
| Latest value | 11.64 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1994 - 2023 |
| Average | 5.54 |
| Min - Max | 2.04 - 12.26 |
| Source | The World Bank |
The latest value from 2023 is 11.64 billion U.S. dollars, a decline from 12.26 billion U.S. dollars in 2022. In comparison, the world average is 168.93 billion U.S. dollars, based on data from 138 countries. Historically, the average for Palestine from 1994 to 2023 is 5.54 billion U.S. dollars. The minimum value, 2.04 billion U.S. dollars, was reached in 1994 while the maximum of 12.26 billion U.S. dollars was recorded in 2022.
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* indicates monthly or quarterly data series
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Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 67.52 | 2021 | percent |
| Trade openness | 86.52 | 2023 | percent |
| Exports, percent of GDP | 19.62 | 2023 | percent |
| Exports, billion dollars | 3.41 | 2023 | billion U.S. dollars |
| Growth of exports | 5.71 | 2023 | percent |
| Imports, percent of GDP | 66.89 | 2023 | percent |
| Imports, billion dollars | 11.64 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.60 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.23 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -53.00 | 2022 | million dollars (current) |
| Current account, percent of GDP | -16.70 | 2023 | percent |
| Current account, in dollars | -2.04 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | -47.27 | 2023 | percent |
| Trade balance, in dollars | -8.72 | 2022 | billion U.S. dollars |
| Reserves | 1.32 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 21.84 | 2023 | percent |
| Remittances | 3,800.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 791.81 | 2022 | million USD |
| Foreign exchange reserves | 1.32 | 12/2023 | billion |