An increase has been noted in registered exports in goods in October compared to the previous month, according to the Palestinian Central Bureau of Statistics (PCBS).
Exports increased in October, 2022 by 8% compared to September, 2022. It also increased by 4% compared to October, 2021 and reached USD 138.2 Million.
Exports to Israel decreased in October, 2022 by 4% compared to September, 2022 and it represented 84% of total exports in October, 2022
On the other hand, exports to other countries doupled during the same period compared to September, 2022, and reached USD 22.2 Million.
Imports decreased in October, 2022 by 4% compared to September, 2022. While it increased by 10% compared to October, 2021 and reached USD 686 Million.
Imports from Israel decreased by 7% in October, 2022 compared to September, 2022 and it represented 59% of total imports in October, 2022.
On the other hand, imports from other countries increased by 1% compared to September, 2022.
The trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 6% in October, 2022 compared to September, 2022. While it increased by 11% compared to October, 2021 and reached USD 547.8 Million.
SOURCE: PALESTINE NEWS & INFO AGENCY