FX.co ★ Palestine’s Trade Deficit Widens in March

In March 2025, Palestine observed an expansion of its trade deficit, reaching USD 491.5 million, an increase from USD 399.1 million in March of the preceding year. This development was largely a result of a 19% year-on-year surge in imports, which totaled USD 620.6 million. A significant factor contributing to this rise was a 10% increase in goods purchased from Israel, which comprised 53% of all imports, alongside a substantial 32% escalation in imports from other countries. Conversely, exports experienced a modest growth of 5% year-on-year, reaching USD 129.1 million. This increase was primarily driven by a 10% rise in exports to Israel, constituting 92% of Palestine's total export figures. However, exports to other nations fell sharply by 30%, a significantly steeper decline compared to the 23% decrease seen in the same month last year.