Israel Trade


Exports contract less in July

In July, exports totaled USD 4.5 billion (June: USD 3.9 billion), according to the Central Bureau of Statistics (CBS). The reading marked a 11.3% contraction over the same month last year, which was a slight improvement over the 12.2% decrease seen in the previous month.

Meanwhile, imports totaled USD 5.4 billion in July, which matched the previous month’s estimate. July’s reading marked a 18.4% decrease year-on-year, which doubled the 9.2% drop observed in June.

The trade balance recorded a USD 0.9 billion deficit in July, which was up from both the USD 1.6 billion deficit recorded in the same month last year and the USD 1.5 billion shortfall observed in the previous month.

FocusEconomics Consensus Forecast panelists expect exports to expand 4.4% in 2015 and 6.9% in 2016.

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Israel Trade Chart

Israel Trade July 2015

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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