RAMALLAH, March 27, 2016 (WAFA) – Exports decreased in January 2016 by 19.7% compared to December 2015. It also decreased by 4.3% compared to January 2015 and reached $62.3 Million, according to a report issued by the Palestinian Central Bureau of Statistics (PCBS).
It said exports to Israel, which represented 87.9% of total exports in January 2016, decreased by 17.9% compared to the previous month.
On the other hand, exports to other countries decreased by 30.8% during the same period compared to December 2015.
Imports decreased in January 2016 by 10.29% compared to the previous month. It also decreased by 1.7% compared to January 2015 and reached $371.5 Million.
Imports from Israel decreased by 7.6% in January 2016 compared to December 2015 and represented 52.2% of total imports in January 2016.
In the meantime, imports from other countries also decreased by 14.6% compared to December 2015
The trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 8.9% in January, 2016 compared to December, 2015. It also decreased by 1.1% compared to January, 2015 and reached $309.2 Million, said PCBS.
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