RAMALLAH (BNEWS) - Exports increased in March, 2023 by 9% compared to February, today said the Palestinian Central Bureau of Statistics (PCBS).
Exports in Goods
Exports increased in March, 2023 by 9% compared to February, 2023. It also increased by 28% compared to March, 2022 and reached USD 148.9 Million.
Exports to Israel increased in March, 2023 by 9% compared to February, 2023 and it represented 87% of total exports in March, 2023.
At the same time, exports to other countries increased by 8% during the same period compared to February, 2023.
Imports in Goods
Imports increased in March, 2023 by 16% compared to February, 2023. It also increased by 3% compared to March, 2022 and reached USD 734.4 Million.
Imports from Israel increased by 6% in March, 2023 compared to February, 2023 and it represented 54% of total imports in March, 2023.
At the same time, imports from other countries increased by 31% compared to February, 2023.
Trade Balance on Registered Goods
The trade balance which represents the difference between exports and imports showed an increase in trade deficit by 18% in March, 2023 compared to February, 2023. While it decreased by 2% compared to March, 2022 and reached USD 585.5 Million.
