RAMALLAH, July 26, 2015 (WAFA) – The Palestinian Central Bureau of Statistics (PCBS) released its External Trade on Goods report on Sunday for May 2015, saying exports increased by 11.8% compared to April 2015.

PCBS said that exports increased in May 2015 by 11.4% compared to May 2014 and reached $85.0 Million.

Exports to Israel in May 2015 also increased by 13.3% compared to April 2015, and represented 87.5% of total exports for May 2015.

On the other hand, exports to other countries increased by 2.3% during the same period.

Meanwhile, the report said that imports decreased in May 2015 by 2.1% compared to April 2015.

Imports from Israel increased by 2.4% in May 2015 compared to April 2015, and represented 57.6% of total imports in May 2015.

On the other hand, imports from other countries decreased by 7.6% in May 2015 compared to the previous month.

The trade balance, which represents the difference between exports and imports, showed a decrease in trade deficit by 5.2% in May 2015 compared to the previous month, reaching $326.2 million.

T.R.