Israel Trade September 2016

Israel

Israel: Exports accelerate in September

According to the Central Bureau of Statistics (CBS), Israeli exports totaled USD 4.6 billion in September, which was up from August’s USD 3.8 billion and the highest result in six months. Exports expanded 19.9% from the same month of the previous year, which was a remarkable upswing from the 1.8% increase observed in August and the fastest expansion seen since April 2013.

Meanwhile, imports totaled USD 5.6 billion in September, slightly below the USD 5.7 billion seen in August. Imports jumped 37.4% from the same month of the previous year, which was above the 7.2% increase seen in August.

The trade balance recorded a USD 1.0 billion shortfall in September, an improvement from the USD 2.0 billion deficit seen in August.

FocusEconomics Consensus Forecast panelists expect exports to contract 0.2% in 2016. For 2017, the panel expects exports to rebound and expand 4.4%.


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Israel Trade September 2016

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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