Trade deficit registers drop by 10% in June, says statistics bureau

RAMALLAH, Palestine’s trade balance, which represents the difference between exports and imports, showed a decrease in trade deficit by 10% in June compared to May, and an increase by 7.1% compared to June 2017, and reached $359.5 million, the Palestinian Central Bureau of Statistics (PCBS) said on Thursday.

Exports decreased in June by 15% compared to May and by 1.1% compared to June 2017 and reached $81.3 million, it said.

Exports to Israel decreased in June by 12.7% compared to May and it represented 90.5% of total exports in June.

At the same time, exports to other countries decreased by 31.9% during the same period.

Imports decreased in June by 10.9% compared to May while they increased by 5.5% compared to June 2017 and reached $440.8 million.

Imports from Israel decreased by 4.9% in June compared to May and they represented 59.8% of total imports in June.

At the same time, imports from other countries decreased by 18.5% compared to May.

Source: Palestinian News & Info Agency