RAMALLAH, Wednesday, May 24, 2023 (WAFA) - Exports and imports of goods increased in Palestine in February compared to the previous month, today said the Palestinian Central Bureau of Statistics (PCBS). Exports increased in March by 9% compared to February. It also increased by 28% compared to March of last year and reached $148.9 million. Exports to Israel increased in March by 9% compared to February, representing 87% of total exports in March. At the same time, exports to other countries increased by 8% during the same period. Imports also increased in March by 16% compared to February. It also increased by 3% compared to March 2022 and reached $734.4 million. Imports from Israel increased by 6% in March compared to February, representing 54% of total imports in March At the same time, imports from other countries increased by 31% compared to February. The trade balance, which represents the difference between exports and imports, showed an increase in trade deficit by 18% in March compared to February, while it decreased by 2% compared to March 2022 and reached $585.5 million, said the PCBS.
Source: Palestine News & Information Agency