Decrease in exports and imports in January, says PCBS

RAMALLAH, Exports and imports on registered goods in January 2021 decreased compared to the previous month, while thy increased compared to the corresponding month of 2020, according to the Palestinian Central Bureau of Statistics (PCBS).

PCBS said in a report that exports decreased in January 2021 by 21% compared to December 2020, while they increased by 20% compared to January 2020 and reached USD 101.8 Million.

Exports to Israel decreased in January 2021 by 17% compared to December 2020 and it represented 87% of total exports in January 2021.

At the same time, exports to other countries decreased by 38% during the same period compared to December 2020 and reached USD 13.4 Million.

Imports decreased in January 2021 by 5% compared to December 2020, while they increased by 4% compared to January 2020 and reached USD 491.9 Million.

Imports from Israel increased by 3% in January 2021 compared to December 2020 and it represented 57% of total imports in January 2021.

On the other hand, imports from other countries decreased by 13% compared to December 2020.

The trade balance, which represents the difference between exports and imports, showed an increase in trade deficit by 1% in January 2021 compared to December 2020. It also slightly increased by 0.3% compared to January 2020 and reached USD 390.1 Million.

 

Source: Palestinian News & Info Agency

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