FX.co ★ Palestine’s Trade Deficit Largest in 4-Months

Palestine experienced a significant increase in its trade deficit, reaching USD 519.4 million in November 2025, compared to USD 364.2 million in the same month the previous year. This represents the largest deficit since July, as the rise in imports outpaced export growth. Imports increased by 39% year-on-year, amounting to USD 703.8 million, largely due to a 40% spike in goods coming from Israel, which constituted 58% of total imports. Moreover, imports from other countries rose by 38%. On the other hand, exports grew by 30%, reaching USD 184.4 million, significantly driven by a 43% increase in shipments to Israel, which made up 87% of Palestine's total exports. However, exports to other countries declined by 20% in November. For the January to November period, the trade deficit widened to USD 4,724 million from USD 4,383.5 million during the same period last year.