Trade Balance in Israel
Israel - Trade Balance
Exports and imports plummet in March, trade deficit widens
Merchandise exports fell 34.6% in USD terms in March, coming after February’s 4.7% decline, while imports were down 14.1% (February: -3.2% year-on-year). The falls were driven by Covid-19 related disruptions to activity, and saw the trade deficit widen from USD 1.4 billion in February to USD 2.1 billion in March.
Over the next few months, both exports and imports will likely remain hampered by supply chain disruptions and weaker economic momentum at home and abroad.
Our panelists see exports flatlining and imports expanding 1.9% in 2020, with a trade deficit of USD 18.3 billion. In 2021, panelists see exports and imports growing 2.9% and 4.2% respectively, with a trade deficit of USD 19.8 billion. 2020 figures will likely be subject to downward revisions in upcoming publications are panelists factor in recent trade data.
Israel - Trade Balance Data
|Trade Balance (USD billion)||-3.4||-8.3||-11.4||-18.3||-16.9|
5 years of economic forecasts for more than 30 economic indicators.
Israel Trade Balance Chart
Source: Central Bureau of Statistics.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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October 7, 2021
At its 14 October meeting, the Bank of Israel (BoI) left the policy rate at 0.10%. The decision to keep rates stable at their current low level was likely driven by continued uncertainty over the economic outlook, due to the possibility of further waves of Covid-19.
October 6, 2021
The Bank of Israel’s Composite State of the Economy Index grew 0.28% in month-on-month seasonally-adjusted terms in August, which was above July's 0.21% increase.
September 16, 2021
The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA came in at 54.1 in August, up from July's 46.8.
September 15, 2021
Consumer prices increased 0.30% from the previous month in August, below July's 0.39% rise.
September 15, 2021
Merchandise exports jumped 23.5% year-on-year in August (July: +33.7% year-on-year).