Decrease in registered exports and imports in February, says PCBS

RAMALLAH, A decrease has been noted in registered exports and imports in goods by 2% and 8% respectively in February 2021 compared to the previous month of January 2021, according to the Palestinian Central Bureau of Statistics (PCBS).

The PCBS released a statement in which it said that exports decreased in February 2021 by 2% compared to January, 2021. However, it increased by 26% compared to February 2020 and reached USD 99.9 Million.

Exports to Israel decreased in February 2021 by 3% compared to January, 2021 and it represented 86% of total exports in February 2021

On the other hand, exports to other countries increased by 4% during the same period compared to January, 2021.

Imports decreased in February 2021 by 8% compared to January, 2021, while it increased by 7% compared to February, 2020 and reached USD 451.9 Million.

Imports from Israel decreased by 12% in February, 2021 compared to January, 2021 and it represented 55% of total imports in February, 2021.

At the same time, imports from other countries decreased by 3% compared to January, 2021.

The trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 10% in February, 2021 compared to January, 2021. While it increased by 3% compared to February, 2020 and reached USD 352 Million.

Source: Palestinian News & Info Agency