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PCBS: Palestinian trade deficit up in August by 2%

Oct. 25, 2018 3:31 P.M. (Updated: Oct. 25, 2018 4:50 P.M.)
BETHLEHEM (Ma'an) -- The Palestinian Central Bureau of Statistics (PCBS) published preliminary results of the Palestinian registered external trade in goods for August, on Thursday, that the Palestinian trade balance for August showed an increase in trade deficit by 2% compared to July.

According to the PCBS preliminary results, exports decreased in August by 2.3% compared to July and by 2.9% compared to August 2017 and reached $89 million.

In addition, exports to Israel decreased in August by 0.4% compared to July and represented 92.5% of total August exports.

Meanwhile, exports to other countries decreased by 21.2% during the same period.

Imports increased in August by 1.2% compared to July, while they slightly decreased by 0.2% compared to August 2017 and reached $493.6 million.

Imports from Israel increased by 9.3% in August compared to July representing 58.8% of total imports in August.

On the other hand, imports from other countries decreased by 8.5% compared to July.

The Palestinian trade slightly increased by 0.4% compared to August 2017 and reached $404.6 million.

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