Israel Trade August 2016


Exports improve in August

According to the Central Bureau of Statistics (CBS), exports totaled USD 3.8 billion in August, which was down from July’s USD 4.2 billion and the lowest result in a year. The reading marked a 3.6% expansion over the same month of the previous year, which was a remarkable rebound from the 11.0% decrease observed in July.

Meanwhile, imports totaled USD 5.7 billion in August, up from the USD 5.6 billion seen in July. Imports grew 7.1% over the same month of the previous year, which was above the 3.5% increase seen in July.

The trade balance recorded a USD 1.9 billion shortfall in August, which was worse than the USD 1.4 billion deficit seen in July.

FocusEconomics Consensus Forecast panelists expect exports to contract 1.9% in 2016. For 2017, the panel expects exports to rebound and expand 3.3%.

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Israel Trade Chart

Israel Trade August 2016 0

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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