West Bank and Gaza's merchandise exports by the reporting economy (current US$) was US$1.52 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 68.93% from US$900.62 million in 2013 (5.38% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.52 billion | 2023 |
| Five years earlier | US$1.16 billion | 2018 |
| Ten years earlier | US$900.62 million | 2013 |
| Highest | US$1.53 billion | 2022 |
| Lowest | US$7.65 million | 2000 |
| Average since 2014 | US$1.16 billion | 2014–2023 |
| First recorded | US$7.65 million |
What the numbers say
In 2023, West Bank and Gaza's merchandise exports by the reporting economy (current US$) fell 0.2% on 2022 (from US$1.53 billion to US$1.52 billion).
Across the 22 yearly changes before that (2001 to 2022), the average change was +271.2% and a typical year strayed about 1,238.2% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 5,814.5% in 2004 and the biggest yearly fall was 34% in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about US$68.14 million a year. A straight line explains 82% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$1.64 billion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was US$205.1 million, against US$413.44 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2023, West Bank and Gaza had the 145th highest value of the 205 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| West Bank and Gaza | US$1.52 billion | 2023 |
| World | US$22.82 trillion | 2023 |
| Lower middle income | US$914.14 billion | 2023 |
Closest to West Bank and Gaza in the 2023 ranking
- New Caledonia — 141st of 205: US$1.72 billion
- Mauritius — 142nd of 205: US$1.63 billion
- Rwanda — 143rd of 205: US$1.58 billion
- Togo — 145th of 205: US$1.46 billion
- Tajikistan — 146th of 205: US$1.31 billion
- Nepal — 147th of 205: US$1.21 billion
What this measures
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Regional and income-group figures are computed by the World Bank as a sum.
All 24 values
| Year | Merchandise exports by the reporting economy (current US$) |
|---|---|
| 2023 | 1,521,387,934 |
| 2022 | 1,525,158,760 |
| 2021 | 1,357,640,026 |
| 2020 | 1,054,620,870 |
| 2019 | 1,103,808,371 |
| 2018 | 1,155,634,061 |
| 2017 | 1,064,875,104 |
| 2016 | 926,498,951 |
| 2015 | 957,810,904 |
| 2014 | 943,717,383 |
Merchandise exports by the reporting economy (current US$) in nearby economies
- Afghanistan — US$438.77 million (2023)
- Algeria — US$54.86 billion (2023)
- Bahrain — US$12.27 billion (2023)
- Djibouti — US$4.79 billion (2023)
- Egypt, Arab Rep. — US$38.98 billion (2023)
- Iran, Islamic Rep. — US$14.07 billion (2023)
- Iraq — US$107.39 billion (2023)
- Israel — US$59.13 billion (2023)
- Jordan — US$11.12 billion (2023)
More private sector & trade data for West Bank and Gaza
- Computer, communications and other services (% of commercial service imports) — 8.65% (2025)
- Commercial service imports (current US$) — US$1.23 billion (2025)
- Transport services (% of commercial service imports) — 47.05% (2025)
- Travel services (% of commercial service imports) — 38.34% (2025)
- Computer, communications and other services (% of commercial service exports) — 64.67% (2025)
- Commercial service exports (current US$) — US$558.7 million (2025)
- Transport services (% of commercial service exports) — 2.43% (2025)
- Travel services (% of commercial service exports)
Reading data like this
Questions people ask
- What is West Bank and Gaza's merchandise exports by the reporting economy (current US$)?
- US$1.52 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 19,794% from US$7.65 million in 2000 (25.88% a year on average, compounded). The highest value was US$1.53 billion in 2022 and the lowest US$7.65 million in 2000.
Source
World Bank, World Development Indicators, indicator TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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