Home Local 24/March/2025 12:07 PM

PCBS report shows increase in Trade Balance Deficit for Registered Goods

RAMALLAH, March 24, 2025 (WAFA) – According to a report issued by the Palestinian Central Bureau of Statistics (PCBS), an increase has been noted in Trade Balance Deficit for Registered Goods by 34% in January 2025 compared to January 2024.

Exports increased in January, 2025 by 8% compared to January, 2024 and reached USD 140.7 Million.

Exports to Israel increased in January, 2025 by 21% compared to January, 2024 and it represented 90% of total exports in January, 2025.

On the Other hand, exports to other countries decreased by 45% during the same period compared to January, 2024.

Imports increased in January, 2025 by 27% compared to January, 2024 and reached USD 616.1 Million.

Imports from Israel increased by 14% in January, 2025 compared to January, 2024 and it represented 56% of total imports in January, 2025.

At the same time, imports from other countries increased by 48% compared to January, 2024.

The trade balance which represents the difference between exports and imports showed an increase in trade deficit by 34% in January, 2025 compared to January, 2024 and reached USD 475.4 Million.

K.T

 

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