PCBS notes a decrease in registered imports in goods in November 2023

RAMALLAH: A decrease in registered imports in goods in November, 2023, in comparison to the previous month, according to a report by Palestinian Central Bureau of Statistics (PCBS). Exports increased in November, 2023 by 9% compared to October, 2023. While it decreased by 36% compared to November, 2022 and reached USD 100.8 Million. Exports to Israel decreased in November, 2023 by 5% compared to October, 2023 and it represented 66% of total exports in November, 2023. On the other hand, exports to other countries increased by 54% during the same period compared to October, 2023 and reached USD 34.3 Million. Imports decreased in November, 2023 by 14% compared to October, 2023. It also decreased by 33% compared to November, 2022 and reached USD 502.5 Million. Imports from Israel decreased by 16% in November, 2023 compared to October, 2023 and it represented 55% of total imports in November, 2023. At the same time, imports from other countries decreased by 11% compared to October, 2023. The trade balance w hich represents the difference between exports and imports showed a decrease in trade deficit by 18% in November, 2023 compared to October, 2023. It also decreased by 32% compared to November, 2022 and reached USD 401.7 Million. Source: Palestine news and Information Agency