Trade deficit up in August by 2% and reached over $400 million

RAMALLAH, Thursday, The Palestinian trade balance for August showed an increase in trade deficit by 2% compared to July. It also slightly increased by 0.4% compared to August 2017 and reached $404.6 million, according to the Palestinian Central Bureau of Statistics (PCBS) preliminary results of the Palestinian registered external trade in goods for August published on Thursday.

Exports decreased in August by 2.3% compared to July and by 2.9% compared to August 2017 and reached $89 million.

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

At the same time, 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.

Source: Palestinian News and Info Agency