Israel Trade May 2016


Exports suffer deep contraction in May

According to the Central Bureau of Statistics (CBS), exports totaled USD 4.3 billion in May, which was up from April’s USD 3.8 billion. The reading marked a 15.1% decrease over the same month of the previous year (April: -4.7% year-on-year), which represented an eight-month low.

Meanwhile, imports totaled USD 6.2 billion in May, which was up from the USD 4.6 billion seen in April. May’s reading marked an 18.8% year-on-year increase, which followed the 2.4% decrease observed in the previous month and was the fastest acceleration since November 2013.

The trade balance recorded a USD 1.9 billion shortfall in May, which exceeded the USD 0.7 billion deficit seen in April.

FocusEconomics Consensus Forecast panelists expect exports to contract 6.4% in 2016. For 2017, the panel expects exports to expand 4.9%.

Author:, Economist

Sample Report

Looking for forecasts related to Trade in Israel? Download a sample report now.


Israel Trade Chart

Israel Trade May 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.

Israel Economic News

More news

Search form