RAMALLAH, Monday, October 25, 2021 (WAFA) – An increase in registered exports and imports in goods by 27% and 11% respectively in August 08/2021 has been noted in comparison to the previous month, according to a report by Palestinian Central Bureau of Statistics (PCBS).

Exports increased in August 2021 by 27% compared to July 2021. It also increased by 41% compared to August 2020 and reached USD 138.7 Million.

Exports to Israel increased in August 2021 by 28% compared to July 2021 and it represented 93% of total exports in August 2021.

At the same time, exports to other countries increased by 14% during the same period compared to July 2021.

Imports increased in August 2021 by 11% compared to July 2021. It also increased by 32% compared to August 2020 and reached USD 560 Million.

Imports from Israel increased by 13% in August 2021 compared to July 2021 and it represented 55% of total imports in August 2021.

At the same time, imports from other countries increased by 7% compared to July 2021.

The trade balance which represents the difference between exports and imports showed an increase in trade deficit by 6% in August 2021 compared to July 2021. It also increased by 30% compared to August 2020 and reached USD 421.3 Million.

K.T./ K.F.