In 2023, Palestine sold USD 24.2 million of goods to United Arab Emirates and bought USD 77.4 million from it. The DESTA database lists 2 trade agreements that include both countries, the most recent being Greater Arab Free Trade Agreement (1998). Both are members of the Organisation of Islamic Cooperation. In 2024, 55 thousand people born in Palestine lived in United Arab Emirates, and 14 thousand people born in United Arab Emirates lived in Palestine.
Benefits
BothTwo-way trade in goods grew 54 percent, from USD 66.0 million in 2019 to USD 102 million in 2023.
BothTrade in agricultural and food products runs both ways in similar amounts: Palestine sold USD 21.3 million and United Arab Emirates sold USD 30.2 million in 2023.
BothTwo-way trade in electrical and electronic equipment grew 96 percent, from USD 8.0 million in 2019 to USD 15.7 million in 2023.
Constraints
BothTrade is concentrated: agricultural and food products were 51 percent of goods trade between them in 2023.
BothFlows are one-sided: in 2023, United Arab Emirates sold USD 14.3 million of electrical and electronic equipment, against USD 1.4 million the other way.
BothThe two countries' customs reports differ on goods sold by United Arab Emirates to Palestine in 2023: Palestine reports USD 77.4 million and United Arab Emirates reports USD 137 million.