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PCBS: Palestinian exports increased in July by 12.1%

Sept. 23, 2018 12:35 P.M. (Updated: Sept. 23, 2018 3:49 P.M.)
RAMALLAH (Ma'an) -- The Palestinian Central Bureau of Statistics (PCBS) published a report on Sunday regarding the preliminary results of the Palestinian registered external trade in goods for July 2018.

According to the report by PCBS, Palestinian exports increased in July 2018 by 12.1% compared to June 2018 and it also increased by 2.6% compared to July 2017 and reached $91.1 million.

The report read that exports to Israel increased in July 2018 by 12.2% compared to June and represented 90.7% of total exports in July.

Exports to other countries increased by 10.4% during the same period compared to June, while imports increased in July by 10.7% compared to June.

Imports also increased by 6.9% compared to July 2017 and reached $487.9 million.

The report also read that imports from Israel increased slightly by 0.9% in July compared to June and represented 54.5% of total imports in July.

Meanwhile, imports from other countries increased by 25.3% compared to June.

The trade balance which represents the difference between exports and imports showed an increase in trade deficit by 10.4% in July 2018 compared to June 2018.

Additionally, the trade balance increased by 7.9% compared to July 2017 and reached $396.8 million, according to the report.

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