RAMALLAH, Monday, May 23, 2022 (WAFA) - Exports decreased in March by 6% compared to February while they increased by 2% compared to March 2021 and reached $116.6 million. At the same time, imports increased in March by 21% compared to February and by 41% compared to March 2021 and reached $712.2 million, today said the Palestinian Central Bureau of Statistics (PCBS).

Exports to Israel decreased in March by 6% compared to February and they represented 85% of total exports in March.

At the same time, exports to other countries decreased by 2% during the same period.

Imports from Israel increased by 14% in March compared to February and they represented 53% of total imports in March.

At the same time, imports from other countries increased by 30% compared to February.

The trade balance which represents the difference between exports and imports showed an increase in trade deficit by 28% in March compared to February. It also increased by 52% compared to March 2021 and reached $595.6 million, said the PCBS.

M.K.