Recorded commodity exports and imports* decreased during May

Ramallah - Ma'an - The results of the Central Bureau of Statistics' observed trade survey, which were published today, Wednesday, showed that the value of the deficit in the Palestinian trade balance, which represents the difference between exports and imports, amounted to 419.2 million US dollars, and decreased by 27% during the month of May 2024, compared to the corresponding month in 2023. According to the survey results, commodity exports recorded a 12% decrease during May 2024 compared to the same month in 2023, and their value amounted to 125.9 million US dollars. The statistics added that exports to Israel decreased by 10% during May 2024, and constituted 91% of the total value of exports, while exports to the rest of the world decreased by 28% compared to the corresponding month of 2023. Imports also decreased by 24%, reaching a value of 545.1 million US dollars. The statistics showed that imports from Israel decreased by 18% compared to May 2023, and constituted 59% of the total value of imports for May 2024. Imports from the rest of the world also decreased by 32% compared to May 2023. Source: Maan News Agency