The trade deficit increased by 1% in January 2022, according to the Palestinian Central Bureau of Statistics (PCBS).
PCBS said in a press statement that the trade balance, which represents the difference between exports and imports, showed an increase in trade deficit by 1% in January 2022 compared to December 2021. It also increased by 24% compared to January 2021 and reached USD 485.5 million.
Regarding exports in goods, PCBS noted that exports decreased in January 2022 by 16% compared to December 2021. They increased by 30% compared to January 2021 and reached USD 132.8 million.
Exports to Israel decreased in January 2022 by 18% compared to December 2021 and it represented 85% of total exports in January 2022.
At the same time, exports to other countries decreased by 1% during the same period compared to December 2021.
Highlighting imports in goods, PCBS revealed that imports decreased in January 2022 by 3% compared to December 2021. While it increased by 26% compared to January 2021 and reached USD 618.3 million.
Imports from Israel decreased by 4% in January 2022 compared to December 2021, and it represented 51% of total imports in January 2022.
At the same time, imports from other countries decreased by 3% compared to December 2021.
The statistics include actual data received from official sources.
Source: Palestinian News & Info Agency (WAFA)