West Bank and Gaza Trade Balance 1994-2024
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
- West Bank and Gaza trade balance for 2023 was $-8.22B, a 5.74% decline from 2022.
- West Bank and Gaza trade balance for 2022 was $-8.72B, a 25.46% increase from 2021.
- West Bank and Gaza trade balance for 2021 was $-6.95B, a 22.42% increase from 2020.
- West Bank and Gaza trade balance for 2020 was $-5.68B, a 12.64% decline from 2019.
| West Bank and Gaza Trade Balance - Historical Data |
| Year |
Billions of US $ |
% of GDP |
| 2023 |
$-8.22B |
-47.27% |
| 2022 |
$-8.72B |
-45.52% |
| 2021 |
$-6.95B |
-38.40% |
| 2020 |
$-5.68B |
-36.57% |
| 2019 |
$-6.50B |
-37.95% |
| 2018 |
$-6.43B |
-39.48% |
| 2017 |
$-5.97B |
-37.00% |
| 2016 |
$-5.66B |
-36.77% |
| 2015 |
$-5.40B |
-38.66% |
| 2014 |
$-5.05B |
-36.09% |
| 2013 |
$-4.73B |
-35.03% |
| 2012 |
$-4.43B |
-36.28% |
| 2011 |
$-3.92B |
-35.08% |
| 2010 |
$-3.90B |
-40.25% |
| 2009 |
$-3.81B |
-47.12% |
| 2008 |
$-3.48B |
-47.61% |
| 2007 |
$-3.22B |
-55.33% |
| 2006 |
$-2.95B |
-55.10% |
| 2005 |
$-2.85B |
-55.61% |
| 2004 |
$-2.54B |
-55.19% |
| 2003 |
$-2.00B |
-50.44% |
| 2002 |
$-1.76B |
-49.38% |
| 2001 |
$-2.08B |
-51.96% |
| 2000 |
$-2.01B |
-46.61% |
| 1999 |
$-2.61B |
-61.15% |
| 1998 |
$-2.15B |
-52.88% |
| 1997 |
$-2.10B |
-55.75% |
| 1996 |
$-1.95B |
-57.24% |
| 1995 |
$-1.88B |
-57.24% |
| 1994 |
$-1.63B |
-57.37% |
