Palestine Balance of Trade
The inability of the Palestinian territories to access critical resources, as well as Israel's limitations on Palestinian travel, have resulted in chronic trade deficits in the Palestinian territories. Palestinians are mostly active in the export of cement, food and beverage items, basic metals, iron and steel, furniture products, plastics products, and dairy products. Palestinians mostly import crude oil, foodstuffs, and vegetables, machinery and metals, autos and chemicals, as well as livestock, beverages, and salt. Israel is Palestine's most important trading partner (accounting for around 74% of total trade). China, Turkey, Germany, Italy, and France are some of the other trading partners of Palestine.
A higher than expected figure should be seen as positive (bullish) for the ILS while a lower than expected figure should be seen as negative (bearish) for the ILS.
