FX.co ★ Palestine Trade Gap Highest Since 2023

Palestine’s trade deficit widened to USD 539.2 million in January 2026, up from USD 475.4 million in January 2025, marking the largest gap since September 2023. Imports climbed 15% year-on-year to USD 710.4 million, primarily reflecting a 26% surge in purchases from Israel, which accounted for 61% of total imports, while imports from other countries inched up by 1%. Exports grew 22% to USD 171.2 million, driven by a 26% increase in shipments to Israel, which made up 93% of total exports; by contrast, exports to other countries declined by 15%.