The Palestinian trade deficit increased by 1 percent in January 2022, according to the Palestinian Central Bureau of Statistics (PCBS). It also increased by 24 percent compared to January 2021 and reached USD 485.5 million.
The PCBS noted that exports spiked in January 2022 by 16 percent compared to December 2021. They increased by 30 percent compared to January 2021 and reached USD 132.8 million.
Exports to Israel decreased in January 2022 by 18 percent compared to December 2021 and it represented 85 percent of total exports in January 2022.
Exports to other countries decreased by 1 percent during the same period compared to December 2021.
The imports, on the other hand, slumped in January 2022 by 3 percent compared to December 2021. TWhen compared to January 2021, it increased by 26 percent.
Imports from Israel decreased by 4 percent in January 2022 compared to December 2021, and it represented 51 percent of total imports in January 2022.
Imports from other countries decreased by 3 percent compared to December 2021.
