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PCBS: Palestinian exports down by 17% in January 2019

March 25, 2019 4:32 P.M. (Updated: March 26, 2019 10:26 A.M.)
BETHLEHEM (Ma'an) -- Exports decreased in January 2019 by 17% compared to the previous month and also slightly decreased by 0.2% compared to January 2018 and reached $82.7 million, the Palestinian Central Bureau of Statistics (PCBS) confirmed on Monday.

PCBS said that exports to Israel decreased in January 2019 by 16% compared to December 2018 and represented 88% of total January exports.

On the other hand, exports to other countries decreased by 29% during the same period compared to December 2018.

Imports increased in January 2019 by 1% compared to December 2018. It also increased by 8% compared to January 2018 and reached $502.7 Million.

Imports from Israel decreased by 2% during the same period compared to December 2018 and represented 55% of total imports in January 2019.

Meanwhile, imports from other countries increased by 6% compared to December 2018.

PCBS added that the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 6% in January 2019 compared to December 2018.

The trade balance also increased by 10% compared to January 2018 and reached $420 Million.

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