Israel Trade Balance September 2021

Israel

Israel: Merchandise exports slide in September

October 13, 2021

Merchandise exports sank 12.4% in annual terms in September, following August’s 27.4% jump. September’s outturn marked the sharpest decline since July 2020. Meanwhile, merchandise imports climbed 17.9% on an annual basis in September (August: +46.3% yoy), marking the worst result since February 2021.

As a result, the merchandise trade balance improved from the previous month, recording a USD 2.8 billion deficit in September (August 2021: USD 3.8 billion deficit; September 2020: USD 1.3 billion deficit). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 31.1 billion deficit in September, compared to the USD 29.6 billion deficit in August.

Our panelists see exports and imports increasing 12.2% and 15.9% respectively in 2021, with a trade deficit of USD 15.6 billion. In 2022, panelists see exports and imports growing 5.6% and 4.3% respectively, with a trade deficit of USD 15.4 billion.


Author:, Economist

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Israel Trade Balance Chart


Israel Trade September 2021

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Central Bureau of Statistics (CBS) and FocusEconomics calculations.


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