Trade deficit down in June, says statistics bureau

The trade balance in Palestine, which represents the difference between exports and imports, showed a decrease in trade deficit by 11.2% in June compared to the previous month and a decrease of 6.3% when compared to June of last year to reach $335.7 million, the Palestinian Central Bureau of Statistics (PCBS) said on Wednesday.

Exports decreased in June by 15.3% compared to May while they increased by 5.8% compared to June 2016 and reached $82.2 million, said the PCBS.

Exports to Israel decreased in June by 14.2% compared to May and represented 91.4% of total June exports.

At the same time, exports to other countries decreased by 24.5% during the same period.

Imports also decreased in June by 12% compared to May and by 4.2% compared to June 2016 and reached $417.9 million.

Imports from Israel decreased by 12.6% in June compared to May and represented 54.9% of total June imports.

At the same time, imports from other countries decreased by 11.3% compared to May, said the PCBS.

(WAFA)

Check Also

Bahrainis protest against normalization deal, burn Israeli flags

Bahrainis rallied throughout the kingdom last night condemning the government’s declaration on normalizing its relations …

Leave a Reply

Your email address will not be published. Required fields are marked *